St. Elias Mines

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in response to jw83jw's message

As I recall last year we voted for Tina Whyte and Murry Braucht as directors. Our options were to vote "for" or "withhold". We need to review our bylaws as I do not believe we have any power to vote "against" Directors.

Some statements that I found under a different company online...

Each company must disclose how "abstain" or "withhold" votes affect an election in its proxy statement. This information is often found toward the beginning of the proxy statement under a heading such as "Votes Required to Adopt a Proposal" or "How Your Votes Are Counted."

If a director runs unopposed, he or she only needs one vote to be elected, so an "against" vote is meaningless. Because of this, shareholders have the option to express dissatisfaction with a candidate by indicating that they wish to "withhold" authority to vote their shares in favor of the candidate. A substantial number of "withhold" votes will not prevent a candidate from getting elected, but it can sometimes influence future decisions by the board of directors concerning director nominees.

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Vimar
City
Rank
Treasurer
Activity Points
570
Rating
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Date Joined
06/25/2010
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St. Elias Mines
Symbol
SLI
Exchange
TSX-V
Shares
130.4 M (FD) : Nov 29, 2011
Industry
Metals & Minerals
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