Receives Positive Recommendation from Leading
Independent Proxy Advisory for All Proposed Items at Upcoming
AGM
MONTREAL, June 7, 2023
/CNW/ - Aya Gold & Silver
Inc. (TSX: AYA) (OTCQX: AYASF) ("Aya" or "the
Corporation") is pleased to announce that in line with its
commitment to instituting highest standards of corporate governance
including increasing gender diversity and representation at the
Board and management levels, the Board has convened that, if
re-elected at the 2023 AGM, Marc Nolet de
Brauwere will step down and the Board intends to appoint Ms.
Annie Torkia Lagacé as Director to fill the vacancy.
This appointment will immediately increase female Board
representation to over 37%, reflecting the Corporation's commitment
to best governance practices, and largely exceeds proxy advisory
firms' guidelines, including guidelines of Institutional
Shareholder Services Inc. ("ISS"), which has recommended that
shareholders vote for all resolutions put forth at its upcoming
Annual General Meeting ("AGM") to be held on June 15, 2023.
About Ms. Torkia
Lagacé
Ms. Torkia Lagacé is a seasoned ESG-driven business executive
with over 20 years of legal and financial experience, mainly within
the mining and aerospace sectors. Up to recently, Ms. Torkia Lagacé
held the position of Senior-Vice President, Legal Affairs, General
Counsel and Corporate Secretary of Bombardier Inc. Prior to that,
she held several positions at Stornoway Diamonds, including
Executive Vice-President, Finance and Corporate Services. Ms.
Torkia Lagacé also served as Senior Legal Counsel for Cliffs
Natural Resources and practiced law for more than 12 years in the
fields of M&A, securities & project financing at Blake,
Cassels & Graydon and Stikeman Elliott. She holds a civil law
degree and a common law degree from University
of Ottawa as well as an EMBA from the Kellogg-Schulich
executive MBA program from the Schulich School of Business in
Toronto and the Kellogg School of
Management in Chicago. She has
been a member of the Barreau du Québec since 2001.
"Ms. Torkia Lagacé's nomination underscores the Board's desire
to diversify further and maximize its effectiveness," said
Robert Taub, Chair of Aya's Board.
"Ms. Torkia Lagacé's ESG steering committee experience coupled with
her expertise in law, finance, capital markets, governance and
compliance sets her apart and will be invaluable as we continue to
unlock value for all stakeholders."
"On behalf of management and the Board, we would like to extend
a very warm thanks to Marc Nolet de
Brauwere for his sound counsel during his two years of
service on the Board and on the Environmental, Health and Safety,
and Sustainability Committee," said Benoit
La Salle, President & CEO. "Mr. Nolet's stepping down to
help the Corporation achieve its diversity goals is a reflection of
Mr. Nolet's values and commitment to the Corporation's ESG
objectives."
Voting
Shareholders are encouraged to vote in advance of the meeting by
mail, telephone, internet or fax in the manner set out in the
meeting materials that have been sent to shareholders, copies of
which can be accessed on our website at
https://ayagoldsilver.com/agm-2023/.
YOUR VOTE IS IMPORTANT - PLEASE VOTE
TODAY
The Board of Directors recommends that
shareholders vote FOR ALL proposed resolutions.
Please submit your vote well in advance of the
proxy deposit deadline of 10:00 a.m.
(Eastern Time) on Tuesday, June 13, 2023.
Shareholders can also exercise their rights by attending the AGM
in person, which will be held on June 15,
2023 at 10:00 EST at the
Corporation's office in the Town of Mount
Royal.
About Aya
Gold & Silver Inc.
Aya Gold & Silver Inc. is a
rapidly growing, Canada-based
silver producer with operations in the Kingdom of Morocco.
The only TSX-listed pure silver mining company, Aya operates the
high-grade Zgounder Silver Mine and is exploring its properties
along the prospective South-Atlas Fault, several of which have
hosted past-producing mines and historical resources. Aya's
Moroccan mining assets are complemented by its Tijirit Gold Project
in Mauritania, which is being
advanced to feasibility.
Aya's management team maximizes shareholder value by anchoring
sustainability at the heart of its production, resource,
governance, and financial growth plans.
For additional information, please visit Aya's website at
www.ayagoldsilver.com.
Forward-Looking
Statements
This press release contains certain statements that constitute
forward-looking information within the meaning of applicable
securities laws ("forward-looking statements"), which reflects
management's expectations regarding Aya's future growth and
business prospects (including the timing and development of new
deposits and the success of exploration activities) and other
opportunities. Wherever possible, words such as "continue",
"would", and similar expressions or statements that certain
actions, events or results "may", "could", "would", "might",
"will", or are "likely" to be taken, occur or be achieved, have
been used to identify such forward-looking information.
Although the forward-looking information contained in this
press release reflect management's current beliefs based upon
information currently available to management and based upon what
management believes to be reasonable assumptions, Aya cannot be
certain that actual results will be consistent with such
forward-looking information. Such forward-looking statements are
based upon assumptions, opinions and analysis made by management in
light of its experience, current conditions, and its expectations
of future developments that management believe to be reasonable and
relevant but that may prove to be incorrect. Aya cautions you not
to place undue reliance upon any such forward-looking
statements.
The risks and uncertainties that may affect forward-looking
statements include factors and other risks and uncertainties which
are more fully described in Aya's 2022 Annual Information Form
dated March 31, 2023. Aya does not
undertake any obligation to update forward-looking statements
should assumptions related to these plans, estimates, projections,
beliefs, and opinions change. Nothing in this document should be
construed as either an offer to sell or a solicitation to buy or
sell Aya securities. All references to Aya include its subsidiaries
unless the context requires otherwise.
SOURCE Aya Gold & Silver
Inc