Vancouver, British Columbia, December 6th, 2019. Newport Exploration Ltd (“Newport” or “the Company”) is pleased to announce that the nominees listed in the management information circular for the 2019 Annual General Meeting (“AGM”) of Shareholders were elected as directors of Newport. A total of 55,801,210 common shares or 53.43 per cent of Newport’s issued and outstanding common shares were voted in connection with the AGM. The detailed results are set out in the table.
|Nominee||Votes For||% For||Votes Withheld||% Withheld|
These AGM results indicate strong support for the management and Board of Directors of the Company and for the current management strategy of allocating capital to shareholders through dividends; to date, the Company has paid out more than 85% of all royalty receipts. As previously reported (Company News Release dated 3rd December, 2019), the Company is in the process of reviewing its dividend policy going forward.
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