Proactive Investors - Run By Investors For Investors

Black Iron holds annual shareholder meeting; elects five directors

Shareholders approved the election of five directors, the company's stock option plan, and the amended and restated deferred share unit plan, amongst other items.
Black Iron holds annual shareholder meeting; elects five directors
The high grade iron ore development company is advancing its 100% owned Shymanivske project located in Kryvyi Rih, Ukraine, to production

Black Iron Inc (CVE:BKI) today released an update about its annual and special shareholders meeting, held June 27.

Five directors of the company were elected, with shareholders voting in favour of all individual directors, including John Detmold, Bruce Humphrey, Pierre Pettigrew, David Porter and Matthew Simpson.

The iron ore exploration and development company is advancing its 100% owned Shymanivske project located in Kryvyi Rih, Ukraine, to production. 

READ: Black Iron says credentials of its Shymanivske project confirmed by Chinese study

Shareholders also approved the appointment of the company's auditor, the rolling 10% stock option plan of the company and the amended and restated deferred share unit plan which provides non-executive directors with the ability to redeem annual director compensation through the issuance of common shares of the company. 

Additionally, shareholders approved an amendment to bylaw No. 2 of the company, which amended the quorum requirement at any meeting of the company's shareholders from 25% to 5%.

A total of 61.06mln common shares were voted in connection at the meeting, representing approximately 38% of the issued and outstanding common shares of the company.

Shares of Black Iron were up 5.26%, closing at C$0.10 on Wednesday. 

View full BKI profile View Profile

Black Iron Inc. Timeline

Related Articles

Smelter
March 18 2019
The project is situated in a developed iron ore mining region with well-established infrastructure
copper wire
June 11 2019
Strategic Minerals has a portfolio of projects in New Mexico, UK and Australia
1548237943_copper-periodic-table-3.jpg
January 23 2019
Experienced contract miner QME is considering several development scenarios

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use