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CENTENNIAL, Colo., Dec. 15, 2016 -- NioCorp Developments Ltd. (“NioCorp” or the "Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) is pleased to announce the results of its 2016 Annual General Meeting ("AGM"), held on Friday, December 9, 2016. Among the motions approved by NioCorp's shareholders included the following:
- Approval of the number of directors;
- Re-election of all of NioCorp's current Board members: Mark A. Smith, Joseph A. Carrabba, Michael Morris, David C. Beling, and Anna Castner Wightman; and
- Re-appointment of BDO USA, LLP as the Company's external auditor.
At the AGM the following five nominees were elected as Directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the voting were as follows:
| Nominee | Votes For | % For | Votes Withheld | % Withheld | ||
| Mark A. Smith | 30,200,660 | 99.66 | % | 103,389 | 0.34 | % |
| Joseph A. Carrabba | 30,277,624 | 99.91 | % | 26,425 | 0.09 | % |
| David C. Beling | 30,271,080 | 99.89 | % | 32,969 | 0.11 | % |
| Michael Morris | 30,268,980 | 99.88 | % | 35,069 | 0.12 | % |
| Anna Castner Wightman | 30,262,980 | 99.86 | % | 41,069 | 0.14 | % |
Joseph Cecil, a director of the Company since November 14, 2014, determined not to stand for re-election at the AGM, and accordingly ceased to be a director on December 9, 2016. The Company wishes to thank Mr. Cecil for his time and important contributions to the NioCorp Board of Directors and to the Audit Committee, and wishes him the best in his future endeavors.
For greater detail please refer to the Company's Notice of 2016 Annual General Meeting of Shareholders and Information Circular in respect of the AGM dated November 2, 2016, as well as the Company’s Report of Voting Results of the AGM, under NioCorp’s profile at www.sedar.com.
On Behalf of the Board of Directors,
“Mark Smith”
Mark Smith
Executive Chairman, CEO and Director
Source: NioCorp Developments Ltd.
@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek
About NioCorp
NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce niobium, scandium, and titanium. Niobium is used to produce superalloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a superalloy material that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium also is a critical component of advanced solid oxide fuel cells. Titanium is used in various superalloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor and medical implants.
Cautionary Statements
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
For More Information Contact Jim Sims, VP of External Affairs, NioCorp Developments Ltd. 720-639-4650 [email protected]
