TORONTO, Aug. 31, 2017 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQB: LGORF) hereby announces the voting results from the Company's Annual and Special Meeting of Shareholders held on Thursday June 29, 2017 (the "Meeting").
A total of 299,817,143 common shares were represented at the Meeting, representing 65% of the Company's issued and outstanding shares. Shareholders voted in favour of all matters brought before the Meeting including the re-appointment of PricewaterhouseCoopers LLP as auditors for the ensuing year, and the election of management's nominees as directors.
Detailed results of the votes on the election of directors are as follows:
|Director Nominee||Votes For||Votes
In addition, shareholders passed a resolution approving the Company's new share compensation plan, as further detailed in the Management Information Circular of the Company dated May 30, 2017 (a copy of which is available under the Company's profile on SEDAR at www.sedar.com)
Largo Resources Ltd. is a growing strategic mineral company focused on the production of vanadium pentoxide at its Vanadio de Maracás Menchen Mine. Vanadium is primarily used as an alloy to strengthen steel and reduce its weight. Vanadium enhanced steels are used in a vast and growing range of products that are used and encountered every day; including, rebar, automobiles, transport infrastructure etc. As trends in the steel industry now demand increasingly stronger and lighter products for advanced applications, the use of vanadium is expected to grow over the medium and long term. Largo also has interests in a portfolio of other projects, including: a 100% interest in the Currais Novos Tungsten Tailings Project in Brazil; a 100% interest in the Campo Alegre de Lourdes Iron-Vanadium Project in Brazil; and a 100% interest in the Northern Dancer Tungsten-Molybdenum property in the Yukon Territory, Canada. For more information, please visit www.largoresources.com.