What Transpired At Vista Gold Corp. (NYSEMKT:VGZ)’S AGM?


Vista Gold Corp. (NYSEMKT:VGZ) recently held an AGM of shareholders at which voting for board members was done. The company has published the outcome of AGM vote, providing details about the number of common shares represented at the meeting and who was voted to the board as well as the percentage of the votes they garnered. The company also recently shared about its tax refund award.

Vista Gold Corp. (NYSEMKT:VGZ) said that 55.7 million common shares in its capital were represented at the recent AGM. That is about 67.25% of the company’s total common shares outstanding.

Who was voted to the board and by what fraction of the vote?

According to Vista, the proposal to elect John M. Clark as a member of its board received the backing of 98.83% of the total ballots cast. About 1.17% of the eligible votes were withheld. On the matter of Federick H. Earnest, 98.85% of the votes backed him to join the board with 1.15% of the votes abstaining.

The proposal to elect W. Durand Eppler to the board of Vista was backed by 98.8% of the votes with 1.2% of the votes withheld. C. Thomas Ogryzlo, Michael B. Richings and Tracy A. Stevenson received 98.37%, 98.43% and 98.81%, respectively, of favorable votes backing the proposal to have them sit on the board of Vista.

Selection of auditor

Besides the issue of directors to sit on Vista Gold Corp. (NYSEMKT:VGZ)’s board, the other matter that shareholders cast the ballot to determine was on who should be the auditor. The company proposed EKS&H LLLP and shareholders overwhelming supported the proposal with 99.32% of the votes being cast in favor of the selection. Some 0.68% of the votes were withheld.

Tax refund

Vista Gold Corp. (NYSEMKT:VGZ) recently reported that it received nearly $748,000 in R&D tax refund from the Australian government. According to CEO, Frederick H. Earnest, the tax refund relates to the innovative water management solution that the company developed and is now widely used in other mining operations. The tax refund is for the company’s F2014 R&D budget.

The company will use the tax benefit to complete a certain modeling program.


Leave A Reply