Independent Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Sapporo Shareholders Vote 'FOR' 3D Investment Partners' Director Nominee Paul Brough

3D Investment Partners Pte. Ltd., the asset management company of 3D OPPORTUNITY MASTER FUND (collectively referred to as '3D'), today announced that a second independent proxy advisory firm, Glass, Lewis & Co. ('Glass Lewis'), has recommended that shareholders of Sapporo Holdings Limited ('Sapporo' or 'the Company') (2501.T) vote 'FOR' the appointment of 3D's director nominee Mr. Paul Brough at the Company's 101st Annual General Meeting of Shareholders (the 'AGM'), scheduled to be held on March 28, 2025.
In its report, Glass Lewis determined that 'credible concerns regarding [Sapporo]'s historical performance and strategic execution – including with respect to critical M&A and capital allocation efforts – as well as a raft of continuing governance concerns' provide 'compelling cause for investors to support [3D]'s resolutions.'
Glass Lewis joins Institutional Shareholder Services ('ISS') in recommending that shareholders vote in favor of the election of Mr. Brough. Glass Lewis concluded he is an 'independent candidate with relevant expertise' and 'represent[s] a strong and decidedly low-risk addition to [Sapporo's] board.' Glass Lewis also questioned whether incumbent Outside Director Makio Tanehashi is 'well-suited to offer unambiguously independent oversight,' noting that he is 'affiliated as an extension of Sapporo's legacy cross-shareholding dynamics.'
In making its recommendation, Glass Lewis noted the following:
Performance
'[T]he Company has consistently trailed its peers across a wide range of fundamental metrics (e.g. ROE, operating profit margin, EBIT margin, revenue and EBIT growth rates), during which, as [3D] highlights, Sapporo has also routinely missed its own guidance to investors and the market more broadly…'
'[B]ased on data going back to FY1985, the Company has never achieved its current long-term ROE target of 10%, offering a rather shaky basis on which to conclude Sapporo is, without further change, likely to transcend a lengthy history of missed guidance.'
'[T]here appears to be very little cause for investors to conclude Sapporo's trailing performance, [without 3D]'s influence, represents a compelling bulwark for management and the board, and further do not consider there exists compelling reason for shareholders to be confident in the achievement of Sapporo's mid- to long-term objectives or in the board's ability to effectively oversee major, capital-intensive initiatives.'
Board Oversight Failures
'[W]e share [3D's] concern that the audit and supervisory committee is chaired by Toru Miyaishi, who is not independent.'
'The remaining members of the audit and supervisory committee other than Mr. Miyaishi (i.e. Mr. Yamamoto and Ms. Tanouchi), though independent, do not appear to offer skill sets and expertise well suited to Sapporo's current state and intended strategic trajectory. Given the fundamentally critical nature of the audit and supervisory committee's role at this juncture, we consider this apparent skill gap — which we do not believe Sapporo directly disputes in persuasive fashion — should be disconcerting to investors, particularly given the Company's legacy misadventures in capital allocation.'
'[A] raft of continuing governance concerns... raise meaningful doubts around Sapporo's somewhat nebulous and to-date plodding effort to reallocate capital from its large, low synergy real estate business to its underperforming alcoholic beverages business.'
'[There is] considerable concern whether management and the board will: (i) effectively identify and pursue those alternatives which result in the greatest possible value for Sapporo; and (ii) effectively and efficiently reallocate proceeds to thoroughly due diligenced, value maximizing opportunities.'
'[T]here exists compelling cause to conclude Sapporo's extant governance framework — including the core architecture underpinning the audit and supervisory committee and the board's ongoing review process — warrants revision at this time.'
Appointment of Mr. Paul Brough as an Outside Director
'[Mr. Brough's] prior history, including his time with Toshiba, establishes regional bona fides and direct familiarity with critical, time-sensitive review and engagement architecture.'
'We… believe [Mr. Brough] would represent a strong and decidedly low-risk addition to a board which has very evidently and consistently struggled to timely appraise the most attractive alternatives available to the Company.'
Glass Lewis concluded, '[W]e believe [3D]'s proposals represent a particularly compelling opportunity to install an independent, well-qualified director credibly prepared to meaningfully contribute to critical deliberations surrounding Sapporo's strategic trajectory.'
3D is pleased that both leading independent proxy advisory firms have recognized the need to augment Sapporo's Board with a highly qualified, independent director as Sapporo faces critical and irreversible decisions regarding the divestiture of its real estate business and the allocation of the proceeds.
3D encourages Sapporo shareholders to consider the recommendations put forth by ISS and Glass Lewis and vote FOR its proposal to appoint Mr. Brough as an outside director as a member of the Audit and Supervisory Committee, and also vote AGAINST Mr. Tanehashi's reappointment as an outside director at the Company's upcoming AGM.
Note: The passages in quotation marks ("") are direct quotes excerpted by 3D from the Glass Lewis report. The portions in brackets ([]) have been added by 3D for additional clarity/context. Permission to use these quotes from Glass Lewis was neither explicitly sought nor obtained.
About 3D Investment Partners Pte. Ltd.
3D Investment Partners Pte. Ltd. is an independent Singapore-based Japan focused value investing fund manager founded in 2015. 3D Investment Partners Pte. Ltd. focuses on partnering with managements who share its investment philosophy of medium- to long-term value creation through compound capital growth and a common objective of achieving long-term returns.
Disclaimer
This press release is provided for informational purposes only and does not constitute an offer to purchase or sell any security or investment product, nor does it constitute professional or investment advice. This press release should not be relied on by any person for any purpose and is not, and should not be construed as investment, financial, legal, tax or other advice.
3D Investment Partners Pte. Ltd. and its affiliates and their related persons ('3DIP') believe that the current market price of Sapporo does not reflect its intrinsic value. 3DIP acquired beneficially and/or economic interests based on its own idea that Sapporo securities have been undervalued and provides attractive investment opportunity and may in the future beneficially own and/or have an economic interest in, Sapporo securities. 3DIP intends to review its investments in Sapporo on a continuing basis and, depending upon various factors including, without limitation, Sapporo's financial position and strategic direction, the outcome of any discussions with Sapporo, overall market conditions, other investment opportunities available to 3DIP, and the availability of Sapporo securities at prices that would make the purchase or sale of Sapporo securities desirable, 3DIP may, from time to time (in the open market or in private transactions), buy, sell, cover, hedge, or otherwise change the form or substance of any of its investments (including the investment in Sapporo securities) to any degree in any manner permitted by any applicable law, and expressly disclaims any obligation to notify others of any such changes.
3DIP provides no representation or warranty, either expressed or implied, in relation to the accuracy, completeness, or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets, or developments referred to herein. 3DIP expressly disclaims any responsibility or liability for any loss howsoever arising from any use of, or reliance on, this press release or its contents as a whole or in part by any person, or otherwise howsoever arising in connection with this press release. 3DIP hereby expressly disclaims any obligation to update or provide additional information regarding the contents of this press release or to correct any inaccuracies in the information contained in this press release.
3DIP disclaims any intention or agreement to be treated as a joint holder (kyodo hoyu sha) under the Financial Instruments and Exchange Act of Japan, a closely related party (missetsu kankei sha) under the Foreign Exchange and Foreign Trade Act with other shareholders, or receiving any power or permission to represent other shareholders in relation to the exercise of their voting rights, and has no intention to solicit, encourage, induce or require any person to cause other shareholders to represent such voting rights.
3DIP does not have the intention to make a proposal, directly or through other shareholders of Sapporo, to transfer or abolish the business or assets of Sapporo and/or Sapporo group companies at the general shareholders meeting of Sapporo. 3DIP does not have the intention and purpose to engage in any conduct which constricts the continuing and stable implementation of business of Sapporo and/or Sapporo Holdings group companies.
This press release may include content or quotes from news coverage or other third-party public sources ('Third-Party Materials'). Permission to quote from Third-Party Materials in this press release may neither have been sought nor obtained. The content of the Third-Party Materials has not been independently verified by 3DIP and does not necessarily represent the views of 3DIP. The authors and/or publishers of the Third-Party Materials are independent of, and may have different views to 3DIP. The quoting Third-Party Materials in this press release does not imply that 3DIP endorses or concurs with any part of the content of the Third-Party Materials or that any of the authors or publishers of the Third-Party Materials endorses or concurs with any views which have been expressed by 3DIP on the relevant subject matter. The Third-Party Materials may not be representative of all relevant news coverage or views expressed by other third parties on the stated issues.
In respect of information that has been prepared by 3DIP (and not otherwise attributed to any other party) and which appear in the English language version of this press release, in the event of any inconsistency between the English language version and the Japanese language version of this press release, the meaning of the Japanese language version shall prevail unless otherwise expressly indicated.
Koshida: +81-70-8793-3990
KEYWORD: JAPAN ASIA PACIFIC
SOURCE: 3D Investment Partners Pte. Ltd.
Copyright Business Wire 2025.
PUB: 03/16/2025 11:00 PM/DISC: 03/16/2025 11:02 PM

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Prime Announces Voting Results of 2025 AGM

VANCOUVER, British Columbia, June 19, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. ('Prime' or the 'Company') (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) announces that shareholder voting at the Company's Annual General and Special Meeting of shareholders held on June 19, 2025 (the 'Meeting') has resulted in the election of all the directors listed as nominees in management's information circular dated May 5, 2025 (the 'Circular'), as well as the approval of all matters presented. Summaries of the results of voting are provided below. Prime is focused on the exploration and development of its wholly owned Los Reyes gold-silver project in Sinaloa State, Mexico ('Los Reyes' or the 'Project'). Recent highlights include: Announcement that the Company is targeting the delivery of a Preliminary Economic Assessment ('PEA') reflecting a high return, high margin, low capital and long-life project at Los Reyes, based on drilling to the end of 2024 and extensive technical work completed to-date. The PEA is targeted for completion in Q3 2025. Cash balance of approximately $32.9 million as at June 17, 2025. In addition, the Company will shortly be publishing its third annual Environmental, Social and Corporate Governance report, which will be made available on its website, at: Meeting Results A total of 103,882,459 common shares were represented at the Meeting, representing 68.13% of the issued and outstanding common shares of the Company at the record date. Number of Directors Voting results for the resolution to set the number of directors to be elected at nine (9) are as follows: Votes For % For Votes Against % Against 103,219,008 99.36% 663,451 0.64% Election of Directors Voting results for the resolution approving the appointment of nominees are as follows: Nominee Votes For % For Votes Withheld % Withheld Murray John 98,399,590 96.05% 4,047,915 3.95% Scott Hicks 102,005,338 99.57% 442,167 0.43% Paul Sweeney 99,361,921 96.99% 3,085,584 3.01% Andrew Bowering 97,037,576 94.72% 5,409,929 5.28% Edie Hofmeister 79,134,692 77.24% 23,312,813 22.76% Marc Prefontaine 101,007,267 98.59% 1,440,238 1.41% Chantal Gosselin 101,118,850 98.70% 1,328,655 1.30% Kerry Sparkes 81,918,002 79.96% 20,529,503 20.04% Sunny Lowe 99,354,374 96.98% 3,093,131 3.02% Appointment of Auditors Voting results for the resolution to approve Davidson & Company LLP, Chartered Professional Accounts as auditor of the Company, and to authorize the directors to fix the remuneration are as follows: Votes For % For Votes Withheld % Withheld 100,914,857 97.14% 2,967,602 2.86% Revised Omnibus Incentive Plan Voting results for the resolution to approve adoption of a revised omnibus incentive plan, as further described in the Circular, are as follows: Votes For % For Votes Against % Against 97,926,055 95.59% 4,521,450 4.41% Unallocated Entitlements Under Omnibus Incentive Plan Voting results for the resolution to approve unallocated entitlements under the revised omnibus incentive plan, as further described in the Circular, are as follows: Votes For % For Votes Against % Against 89,794,404 87.65% 12,653,101 12.35% 2025 Outlook The Company plans to continue its success-based approach to exploration to further identify new prospective targets, expand the existing resource, and infill drilling. Additional work will include geological mapping and geochemical sampling to identify further discovery areas. On January 28, 2025, drilling was paused in response to a deterioration in the security situation in parts of Sinaloa, including the Los Reyes area. This pause is not currently expected to impact the Company's ability to drill a minimum 40,000m program over 12-months from the recommencement of drilling. Six drill rigs remain on site and drill contractors are on standby to resume drilling as soon as security improves. The Company will continue to work with local authorities to monitor the current situation. Planned fiscal 2025 exploration will focus on: Extending the high-grade Z-T Area shoots that remain open at depth, as well as along strike, both north and south. Expanding the known high-grade mineralization at Guadalupe East. Increasing the Central Area resource through additions southeast at Noche Buena and its connection to San Miguel East. Generative target drilling of high-grade intercepts at Las Primas, Fresnillo and Mariposa to further grow these emerging resources, as well as other target discovery areas to demonstrate the significant resource expansion potential at Los Reyes. Project activities are also planned to include: Preliminary Economic Assessment completion: Further refine metallurgical, geotechnical, mine planning and development parameters for project development, including process and underground mining optimization, infrastructure assessment and permitting requirements – targeting Q3 2025 completion. Community Engagement: Continue to engage with and support local ejidos (communities) through educational, community and environmental programming, access (road) improvements and infrastructure development. Prime continues to sponsor and benefit from a strong geologist intern program, supporting geology students from local colleges and universities. Figure 1 – Los Reyes Trends and Exploration TargetsAbout the Los Reyes Gold and Silver Project Los Reyes is a high-grade, low-sulphidation epithermal gold-silver project located in Sinaloa State, Mexico. On October 15, 2024, Prime announced an updated multi-million-ounce high-grade open pit and underground resource based on exploration drilling up to July 17, 2024. Since acquiring Los Reyes in 2019, Prime has spent more than $64 million on direct exploration activities and has completed over 221,000 metres of drilling to date. The Company is targeting the delivery of a PEA by the end of Q3, 2025 that will highlight a high return, high margin, low capital and long-life project at Los Reyes. October 15, 2024 Resource Statement1,2(based on a $1950/oz gold price, $25.24/oz silver price, economic-constrained estimate) Mining Methodand Process Class Tonnage(kt) Gold Grade (g/t) Gold Contained(koz) Silver Grade(g/t) Silver Contained(koz) Open Pit - Mill Indicated 24,657 1.13 899 35.7 28,261 Inferred 7,211 0.89 207 42.8 9,916 Underground Indicated 4,132 3.02 402 152.4 20,243 Inferred 4,055 2.10 273 78.6 10,247 Total Mill Indicated 28,789 1.41 1,301 52.4 48,504 Inferred 11,266 1.33 480 55.7 20,163 Open Pit - Heap Leach Indicated 20,254 0.29 190 8.4 5,492 Inferred 5,944 0.30 58 7.3 1,398 Total Indicated 49,042 0.95 1,491 34.2 53,995 Inferred 17,210 0.97 538 39.0 21,561 Open Pit Resource estimates are based on economically constrained open pits generated using the Hochbaum Pseudoflow algorithm in Datamine's Studio NPVS and the following optimization parameters (all dollar values are in US dollars): $1,950/ounce gold price and $25.24/ounce silver price. Mill recoveries of 95.6% and 81% for gold and silver, respectively. Heap leach recoveries of 73% and 25% for gold and silver, respectively. Pit slopes by area ranging from 42-47 degrees overall slope angle. 5% ore loss and 5% dilution factor applied to the 5 x 5 x 5m open pit resource block models. Mining costs of $2.00 per tonne of waste mined and $2.50 per tonne of ore mined. Milling costs of $16.81 per tonne processed. Heap Leach costs of $5.53 per tonne processed. G&A cost of $2.00 per tonne of material processed. 3% royalty costs and 1% selling costs were also applied. A 0.17 g/t gold only cutoff was applied to ex-pit processed material (which is above the heap-leaching NSR cutoff). Underground Resource estimates are based on economically constrained stopes generated using Datamine's Mineable Shape Optimizer (MSO) algorithm and the following optimization parameters (all dollar values are in US dollars): $1,950/ounce gold price and $25.24/ounce silver price. Mill recoveries of 95.6% and 81% for gold and silver, respectively. Mechanized cut and fill mining with a $60.00 per tonne cost. Diluted to a minimum 4m stope width with a 98% mining recovery. G&A cost of $4.00 per tonne of material processed. Milling costs of $16.81 per tonne processed. 3% royalty costs and 1% selling costs were also applied. Where mentioned, 'residual open pits' assumes that any underground stopes are backfilled with zero grade material at two-thirds of the original rock density. Economic-constrained open pits are then estimated with this mined-out, backfilled material in the open pit block selective mining unit ('SMU') model and assuming the resource parameters above. Mineral Resources are not Mineral Reserves (as that term is defined in the CIM Definition Standards) and do not have demonstrated economic viability. Refer to the Additional Notes section for further information. Drilling and geological interpretation suggests that the three known main deposit areas (Guadalupe, Central and Z-T) are larger than previously reported. Potential also exists for new discoveries where mineralized trends have been identified outside of the currently defined resource areas. Historic operating results indicate that an estimated 1 million ounces of gold and 60 million ounces of silver were recovered from five separate operations at Los Reyes between 1770 and 1990. Prior to Prime's acquisition, recent operators of Los Reyes had spent approximately US$20 million on exploration, engineering, and prefeasibility studies. QA/QC Protocols and Sampling Procedures Drill core at the Los Reyes project is drilled in predominantly HQ size (63.5 millimetres 'mm'), reducing to NQ (47.6 mm) when required. Drill core samples are generally 1.50 m long along the core axis with allowance for shorter or longer intervals if required to suit geological constraints. After logging intervals are identified to be sampled, the core is cut and one half is submitted for assay. Sample QA/QC measures include unmarked certified reference materials, blanks, and field duplicates as well as preparation duplicates are inserted into the sample sequence and make up approximately 8% of the samples submitted to the laboratory for each drill hole. Samples are picked up from the Project by the laboratory personnel and transported to their facilities in Durango or Hermosillo, Mexico, for sample preparation. Sample analysis is carried out by Bureau Veritas and ALS Labs, with fire assay, including over limits fire assay re-analysis, completed at their respective Hermosillo, Mexico laboratories and multi-element analysis completed in Vancouver, Canada. Drill core sample preparation includes fine crushing of the sample to at least 70% passing less than 2 mm, sample splitting using a riffle splitter, and pulverizing a 250 gram split to at least 85% passing 75 microns. Gold in diamond drill core is analyzed by fire assay and atomic absorption spectroscopy of a 30 g sample (code FA430 or Au-AA23). Multi-element chemistry is analyzed by 4-Acid digestion of a 0.25-gram sample split (code MA300 or ME-ICP61) with detection by an inductively coupled plasma emission spectrometer for a full suite of elements. Gold assay techniques FA430 and Au-AA23 have an upper detection limit of 10 g/t. Any sample that produces an over-limit gold value via the initial assay technique is sent for gravimetric finish via method FA-530 or Au-GRA21. Silver analyses by MA300 and ME-ICP61 have an upper limit of 200 g/t and 100 g/t, respectively. Samples with over-limit silver values are re-analyzed by fire assay with gravimetric finish FA530 or Au-GRA21. Both Bureau Veritas and ALS Labs are ISO/IEC accredited assay laboratories. Additional Notes Prime's MRE as of October 15, 2024 is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum ('CIM') 'CIM Definition Standards - For Mineral Resources and Mineral Reserves' adopted by the CIM Council (as amended, the 'CIM Definition Standards') and in accordance with the requirements of NI 43-101. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Metres is represented by 'm'; 'etw' is Estimated True Width and is based on drill hole geometry or comparisons with other on-section drill holes; 'Au' refers to gold, and 'Ag' refers to silver; 'g/t' is grams per metric tonne; some figures may not sum due to rounding; Composite assay grades presented in summary tables are calculated using a Au grade minimum average of 0.20 g/t or 1.0 g/t as indicated in 'Au Cut-off' column of Summary Tables. Maximum internal waste included in any reported composite interval is 3.00 m. The 1.00 g/t Au cut-off is used to define higher-grade 'cores' within the lower-grade halo. Additional details are available in the associated Technical Report, filed on November 27, 2024. Qualified Person Scott Smith, Executive Vice President of Exploration, is a Qualified Person for the purposes of NI 43-101 and has reviewed and approved the technical content in this news release. About Prime Mining Prime is managed by an ideal mix of successful mining executives, strong capital markets personnel and experienced local operators all focused on unlocking the full potential of the Project. The Company has a well-planned capital structure with a strong management team and insider ownership. Prime is targeting a material resource expansion at Los Reyes through a combination of new generative area discoveries and growth, while also building on technical de-risking activities to support eventual project development. For further information, please visit or direct enquiries to: Scott HicksCEO & Director Indi GopinathanVP Capital Markets & Business Development Prime Mining Corp.710 – 1030 West Georgia BC V6E 2Y3 Canada+1(604) 238-1659info@ Cautionary Notes to U.S. Investors Concerning Resource EstimatesThis news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the U.S. securities laws. In particular, and without limiting the generality of the foregoing, the terms 'mineral reserve', 'proven mineral reserve', 'probable mineral reserve', 'inferred mineral resources,' 'indicated mineral resources,' 'measured mineral resources' and 'mineral resources' used or referenced in this presentation are Canadian mineral disclosure terms as defined in accordance with NI 43-101 under the guidelines set out in the CIM Standards. The CIM Standards differ from the mineral property disclosure requirements of the U.S. Securities and Exchange Commission (the 'SEC') in Regulation S-K Subpart 1300 (the 'SEC Modernization Rules') under the U.S. Securities Act of 1933, as amended (the 'Securities Act'). As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multijurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Standards. Accordingly, the Company's disclosure of mineralization and other technical information may differ significantly from the information that would be disclosed had the Company prepared the information under the standards adopted under the SEC Modernization Rules. Forward Looking Information This news release contains certain 'forward-looking information' and 'forward-looking statements' within the meaning of Canadian securities legislation as may be amended from time to time, including, without limitation, statements regarding the perceived merit of the Company's properties, including additional exploration potential of Los Reyes, potential quantity and/or grade of minerals, the potential size of the mineralized zone, metallurgical recoveries, and the Company's exploration and development plans in Mexico. Forward-looking statements are statements that are not historical facts which address events, results, outcomes, or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve several risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding the price of gold, silver and copper; the accuracy of mineral resource estimations; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained, including concession renewals and permitting; that political and legal developments will be consistent with current expectations; that currency and exchange rates will be consistent with current levels; and that there will be no significant disruptions affecting the Company or its properties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: risks related to uncertainties inherent in the preparation of mineral resource estimates, including but not limited to changes to the cost assumptions, variations in quantity of mineralized material, grade or recovery rates, changes to geotechnical or hydrogeological considerations, failure of plant, equipment or processes, changes to availability of power or the power rates, ability to maintain social license, changes to interest or tax rates, changes in project parameters, delays and costs inherent to consulting and accommodating rights of local communities, environmental risks, title risks, including concession renewal, commodity price and exchange rate fluctuations, risks relating to COVID-19 and other future pandemics, delays in or failure to receive access agreements, on-going receipt of amended and/or operating permits, risks inherent in the estimation of mineral resources; and risks associated with executing the Company's objectives and strategies, including costs and expenses, physical access to the property, security risks, availability of contractors and skilled labour, as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis, as well as its annual information form dated March 25, 2024, available on Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. 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WESTSHORE TERMINALS REPORT OF AGM VOTING RESULTS

VANCOUVER, BC, June 17, 2025 /CNW/ - Westshore Terminals Investment Corporation (TSX: WTE) (the "Corporation") announced today that the following nominees were elected as directors of the Corporation until the next Annual General Meeting: Name of Nominee Votes For % Votes Withheld % Dallas H. Ross 40,233,103 92.65 3,193,253 7.35 Clark H. Hollands 38,813,952 89.38 4,612,404 10.62 Nick Desmarais 42,604,517 98.11 821,839 1.89 Steve Akazawa 43,365,091 99.86 61,265 0.14 Dianne Watts 43,351,706 99.83 74,650 0.17 Glenn Dudar 43,316,345 99.75 110,011 0.25 Dirk Lever 43,411,941 99.97 14,415 0.03 David Schellenberg 43,389,333 99.91 37,023 0.09 The following were the results to appoint KPMG LLP as Auditors of the Corporation: Auditors Votes For % Votes Withheld % KPMG LLP 42,924,217 98.43 684,370 1.57 SOURCE Westshore Terminals Investment Corporation View original content: