Vancouver, British Columbia–(Newsfile Corp. – December 12, 2022) – Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (WKN: A1JQW5) (“Defiance” or the “Company“) announces the results of its 2022 Annual and Special General Meeting (“AGM“) of shareholders held Thursday, December 8th, 2022.
Shareholders approved all items to be acted upon as outlined in the Management Information Circular of the Company dated November 3rd, 2022 (the “Circular“), namely:
- Electing all the nominees to the Board of Directors of the Company.
- Appointing Davidson & Company LLP as auditor of the Company for the ensuing year and authorizing the directors to determine the auditor’s compensation.
- Approving the 2022 Omnibus Incentive Plan for the Company and the granting of certain restricted share unit awards thereunder.
A total of 75,436,826 common shares of the Company were voted at the AGM, representing approximately 31.12% of the issued and outstanding common shares of the Company, with the following results:
| RESOLUTION | VOTES FOR | VOTES AGAINST | VOTES WITHHELD |
| To Set the Number of Directors at Five | 99.91% | 0.09% | 20,921,618 |
| Christopher D. Wright as Director | 99.18% | 0.82% | 20,921,618 |
| Paul A. Smith as Director | 99.19% | 0.81% | 20,921,618 |
| Ronald E. Sowerby as Director | 96.03% | 3.97% | 20,921,618 |
| Dunham L. Craig as Director | 99.19% | 0.81% | 20,921,618 |
| James Russell Bergin as Director | 99.19% | 0.81% | 20,921,618 |
| Appointment of Auditor | 99.87% | 0.13% | 20,921,618 |
| 2022 Omnibus Plan | 94.28% | 65.72% | 20,921,618 |
| 2022 Omnibus Plan (Disinterested Shareholders) | 93.29% | 6.71% | 20,921,618 |
About Defiance Silver Corp.
Defiance Silver Corp. (DEF | TSX Venture Exchange; DNCVF | OTCQX; A1JQW5 | Frankfurt) is an exploration company advancing the district-scale San Acacio Deposit, located in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing and developing several operating mines and advanced resource projects Defiance’s corporate mandate is to expand the San Acacio and Tepal projects to become premier Mexican silver and gold deposits.
On behalf of Defiance Silver Corp.
“Chris Wright”
Chairman of the Board
For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at [email protected].
www.defiancesilver.com
Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Defiance Silver Corp. relies upon litigation protection for forward-looking statements.
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