Last checked at 7 Dec 2018 13:05
Karelian Diamond Resources Plc - Result of AGMKarelian Diamond Resources Plc - Result of AGM
PR Newswire
London, December 7
Karelian Diamond Resources plc
(“Karelian Diamonds” or “the Company”)
7 December 2018
RESULT OF ANNUAL GENERAL MEETING
AGM STATEMENT
Karelian Diamond Resources plc (“Karelian Diamonds”) (AIM: KDR), the diamond exploration and development company focused on Finland, announces that all resolutions put to shareholders at the Company’s Annual General Meeting held earlier today were duly passed.
All resolutions were passed on a show of hands. The proxy votes received from shareholders on each resolution are set out below.
| Resolutions | Votes for* | % | Votes against | % | Votes total | Votes withheld** |
| Resolution 1 | 6,424,697 | 100 | 0 | 0 | 6,424,697 | 2,100 |
| Resolution 2A | 6,387127 | 100 | 0 | 0 | 6,387,127 | 39,670 |
| Resolution 2B | 6,423,997 | 100 | 0 | 0 | 6,423,997 | 2,800 |
| Resolution 3 | 6,426,797 | 100 | 0 | 0 | 6,426,797 | 0 |
| Resolution 4 | 6,426,645 | 99.99 | 152 | 0.01 | 6,426,797 | 0 |
| Resolution 5 | 6,426,645 | 99.99 | 152 | 0.01 | 6,426,797 | 0 |
| Resolution 6 | 6,426,665 | 99.99 | 106 | 0.01 | 6,426,771 | 26 |
| Resolution 7 | 6,426,665 | 99.99 | 106 | 0.01 | 6,426,771 | 26 |
*Includes discretionary votes
**A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" any of the resolutions
Professor Richard Conroy, Chairman of Karelian Diamonds, also made the following statement at the AGM:
“The Company has built upon last year’s discoveries making further excellent progress. We have worked hard on identifying the source of the green diamond that was found by us and there has been continued work at Riihivaara where we identified a new Kimberlite body.
“Very importantly we are accelerating work towards possible mine development at the Lahtojoki diamond deposit following the positive Preliminary Economic Assessment and the excellent assay results from the large Eastern lobe of the site. As a result of which adjacent exploration acreage has been acquired.
“We are making solid progress towards our objective of bringing in the first diamond mine in Europe outside Russia.”
For further information please contact:
| Karelian Diamond Resources plc | Tel: +353-1-479-6180 |
| Professor Richard Conroy, Chairman | |
| Allenby Capital Limited (Nomad) | Tel: +44-20-3328-5656 |
| Nick Athanas/Nick Harriss | |
| Brandon Hill Capital Limited (Broker) | Tel: +44-20-3463-5000 |
| Jonathan Evans | |
| Lothbury Financial Services | Tel: +44-20-3290-0707 |
| Michael Padley | |
| Hall Communications | Tel: +353-1-660-9377 |
| Don Hall |
www.kareliandiamondresources.com