Investorideas.com – big ideas for global investors Search www.investorideas.com
   Members       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   




Mining Stocks News: SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Reports Results of AGM

Investorideas.com Newswire

VANCOUVER, BRITISH COLUMBIA - June 13, 2014 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX:SVL) ( NYSE MKT: SVLC) is pleased to announce the results of its Annual General Meeting of Shareholders ("AGM") held in Vancouver, B.C.

Shareholders voted in favour of all items of business, including the election of each director nominee by show of hands. A total of 38,023,455 votes were submitted by proxy, representing 32.03% of the issued common shares as of the record date. The following is a tabulation of the votes submitted by proxy:

Investorideas.com Newswire

Shareholders also cast votes by ballot with 64.88% voted in favour of reconfirming the Company's shareholder rights plan. In addition, shareholders voted in favour to re-appoint Davidson & Company, Charted Accountants, as auditor of the Company.

Mr. J. Scott Drever, Chief Executive Officer stated: "It is particularly gratifying to have shareholders reaffirm their confidence in management with the election of their proposed slate of Directors. We are extremely pleased with the election of Mr. Dunham Craig to the Board. Mr. Craig has 26 years in the mining industry which has encompassed all aspects of mining projects and operations, progressing from exploration discovery to feasibility, financing, permitting, construction and production related to two mines. He has extensive experience in Canada, Central America and Mexico with groups such as Wheaton River Minerals Inc. and Glencairn Gold Inc. and has worked in development, construction and production in Latin America for over 15 years. In addition to his "discovery to production" experience with Wheaton River Minerals, Mr. Craig was Project, Construction & Interim Mine Manager for a 12,000 tpd gold heap leach operation in Central America. Mr. Craig is currently President and CEO of Geologix Explorations which has successfully acquired and permitted a 38,000 tpd gold/copper project in Mexico.

Mr. Craig brings to the Board a broad range of hands-on experience in all aspects of the mining sector. His fellow Directors and Management of the company welcome his participation and look forward to working with him as the many exciting aspects of the growth of SilverCrest continue to unfold."

At the Board of Directors meeting following the AGM, Mr. Graham C. Thody was appointed Non-Executive Chairman of the Company, replacing Mr. J. Scott Drever who had previously served as Executive Chairman. Mr. Drever remains Chief Executive Officer and a Director of the Company. Mr. Thomas Keating, Corporate Controller was appointed VP Finance for the Company.

Graham C. Thody was re-appointed Chair of the Audit Committee; George W. Sanders was re-appointed Chair of the Corporate Governance and Nominating Committee and Ross. O. Glanville was re-appointed Chair of the Compensation Committee. Mr. Craig replaced Mr. Thody as a member of the Corporate Governance and Nominating Committee.

SilverCrest Mines Inc. (NYSE MKT: SVLC; TSX: SVL) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal silver and gold producer, with an estimated life of mine of 8 years and operating cash costs of $11 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates the new 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover average silver and gold annual quantities of 1.5 million ounces of silver and 32,800 ounces of gold over the current 8 year reserve. Exploration programs continue to make new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State, Mexico.

Contact:

SilverCrest Mines Inc.
Fred Cooper
Telephone: (604) 694-1730 ext. 108 or 1-866-691-1730
Toll Free: 1-866-691-1730
info@silvercrestmines.com

SilverCrest Mines Inc.
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
www.silvercrestmines.com

Published at Investorideas.com Newswire

Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894



Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

TOP

Investor Ideas © 2000 - 2015 InvestorIdeas.com®, ECON

 

login | logout | about us | contact | disclaimer / disclosure |
partners / links | job search | privacy policy |
advertise | trade | sitemap |