Coalspur Mines Limited - Results of Annual General Meeting
VANCOUVER, July 24, 2013 /CNW/ - Coalspur Mines Limited ("Coalspur" or "Company") (ASX: CPL, TSX: CPT) announces, in accordance with Toronto Stock Exchange requirements, the voting results for the election of directors at its Annual General Meeting held on May 31, 2013, in Perth, Western Australia (the "Meeting"). As a result of an amendment to the Company's constitution that was approved at the Meeting, each director's term of office will expire at the 2014 annual general meeting of shareholders in accordance with Toronto Stock Exchange requirements and retiring directors will be eligible for re-election. Prior to that amendment, each non-executive director's term of office expired at the later of the third annual general meeting of shareholders or three years after that director's last election or appointment, and one-third of the directors were required to retire at each annual general meeting.
Shareholders approved all items of business before the Meeting, including the election of all director nominees as follows:
|Resolution||Result||Number of Proxy Votes|
|1. Re-election of Director - Mr Mark Rodda||Passed on a show of hands||336,539,472||208,444||232,277||27,080|
|2. Re-election of Director - Mr David Murray||Passed on a show of hands||329,261,774||7,489,142||232,277||24,080|
Full details of voting results from the Meeting are available on www.sedar.com.
Coalspur Mines Limited ("Coalspur" or "Company") is a coal development company with approximately 55,000 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur's flagship coal project is the Vista coal project ("Vista") which has the potential to be the largest export thermal coal mine in Canada.
Vista covers approximately 10,000 hectares and provides a large scale, surface mineable, thermal coal project. Vista has the advantage of leveraging off established first world infrastructure with CN Rail's main line, located adjacent to Vista, which is substantially underutilised and provides a rail line suitable for the transport of coal to deepwater ports on Canada's west coast. Coalspur has secured a port allocation agreement with Ridley Terminals Inc., which is essential to the logistics supply chain necessary to export coal from Vista to the growing demand from the Asia Pacific Rim countries, including China, Japan and Korea.
Coalspur has offices in Vancouver and Hinton in Canada as well as in Australia. The Company is dual listed on the Toronto Stock Exchange ("TSX") under the symbol "CPT" and on the Australian Securities Exchange ("ASX") under the symbol "CPL".
SOURCE Coalspur Mines Limited
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