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Toronto, Ontario - June 26, 2018 - U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) ("U3O8 Corp." or the "Company") reports that all matters brought before its shareholders were approved at the Annual & Special Meeting ("ASM") held yesterday in Toronto, Ontario. A total of 5,767,637 of the Corporation's common shares were voted, representing 29% of its issued and outstanding stock.
Directors
Shareholders voted 99% in favour of the slate of directors proposed by Management including: Keith Barron, David Constable, David Franklin, Pablo Marcet, David Marsh and Richard Spencer. 1% of votes were withheld from voting for the slate of directors.
Auditors
99% of shares were voted in favour of the appointment of Davidson and Company LLP to be the Company's auditors for 2018, with 1% of votes withheld.
Options and Restricted Stock Unit Plan
71% of shares were voted in favour of the approval of unallocated stock options and for the adoption of a Restricted Stock Unit ("RSU") Plan. 29% of shares were voted against these two motions. The motions were adopted on the basis of having achieved a majority vote.
Approval of Amended and Restated By-Law No 2
The amendment and restatement of the Company's by-law No 2, to reduce the quorum required for shareholder meetings, was accepted with 71% of shares voted in favour and 29% against.
About U3O8 Corp.
U3O8 Corp. is focused on exploration and development of deposits of uranium and battery commodities in South America. Battery commodities that occur with uranium resources include vanadium, nickel, zinc and phosphate. The Company's mineral resources estimates were made in accordance with National Instrument 43-101, and are contained in three deposits:
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Laguna Salada Deposit, Argentina - a PEA shows this near surface, free-digging uranium - vanadium deposit has low production-cost potential; and
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Berlin Deposit, Colombia - a PEA shows that Berlin also has low-cost uranium production potential due to revenue that would be generated from by-products of phosphate, vanadium, nickel, rare earths (yttrium and neodymium) and other metals that occur within the deposit.
Additional Information
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