Sign up Australia
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

1520866985_shutterstock_161588243.jpg
March 13 2018
Getting financing will be a "significant" milestone toward the construction, said the group
copper tubes
May 30 2018
The latest economic study at Parys Mountain has delivered some encouraging numbers against a backdrop of rising base metals prices
copper wires
April 12 2018
Leigh Creek will add to the cash being generated by New Mexico-based iron ore business Cobre to fund exploration and development opportunities elsewhere.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

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