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Yahoo
3 days ago
- Business
- Yahoo
K92 Mining Announces Voting Results of Annual General Meeting of Shareholders
VANCOUVER, British Columbia, June 10, 2025 (GLOBE NEWSWIRE) -- K92 Mining Inc. ('K92' or the 'Company') (TSX: KNT; OTCQX: KNTNF) is pleased to announce the voting results of its 2025 annual general meeting ('AGM') of shareholders that was held today as a virtual and in-person event. All of the resolutions proposed at the meeting were duly passed. A total of 160,902,226 common shares, representing 66.83% of the Company's issued and outstanding common shares as at the record date were voted. All of the Company's six director nominees were elected and detailed results of the votes on directors are shown below: Name of Nominee Votes For Votes Withheld Number % Number % Mark Eaton 141,576,374 97.81 3,174,920 2.19 Anne E. Giardini 144,542,464 99.86 208,830 0.14 Saurabh Handa 144,109,082 99.56 642,212 0.44 Cyndi Laval 144,710,951 99.97 40,343 0.03 Nan Lee 144,721,191 99.98 30,103 0.02 John D. Lewins 144,699,736 99.96 51,558 0.04 Shareholders also voted in favour of the following matters: Set the number of directors at six (6); Re-appointed PricewaterhouseCoopers LLP as auditor of the Company for the ensuing year and authorized the directors to fix the auditor's remuneration; and Approved the non-binding advisory resolution accepting the Company's approach to executive compensation. Matter Votes For Votes Against Number % Number % Number of Directors (6) 160,667,308 99.85 234,918 0.15 Appoint Auditor 158,954,274 98.79 1,947,951 1.21 Advisory Vote on Executive Compensation 137,964,551 95.31 6,786,743 4.69 All six directors will serve on the Company's Board of Directors until the next annual meeting of shareholders or until their successors are elected or appointed. Further details on the above matters are set forth in the Company's meeting materials, including the Management Information Circular dated April 23, 2025, that are accessible on K92's website at and under the Company's issuer profile on SEDAR+ at Final voting results on all matters voted on at the AGM are also contained in the Report on Voting Results filed under the Company's profile on the SEDAR+ website. About K92 K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing plant expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience. On Behalf of the Company, John Lewins, Chief Executive Officer and Director For further information, please contact David Medilek, CFA, President and Chief Operating Officer at +1-604-416-4445 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility Study, including the Stage 3 Expansion, a new standalone 1.2 mtpa process plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as 'expect', 'plan', 'anticipate', 'project', 'target', 'potential', 'schedule', 'forecast', 'budget', 'estimate', 'intend' or 'believe' and similar expressions or their negative connotations, or that events or conditions 'will', 'would', 'may', 'could', 'should' or 'might' occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company's operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company's ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company's ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company's foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company's Annual Information Form under the heading 'Risk Factors'. Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
The Independent
26-03-2025
- Business
- The Independent
How do no-deposit mortgages work and should I get one?
SPONSORED BY TRADING 212 The Independent Money channel is brought to you by Trading 212. No deposit mortgages are back on the market, making it cheaper for first-time buyers to get on the property ladder. At the time of writing there are currently 16 different residential mortgage options at 100 per cent loan-to-value (LTV), with some requiring a family member or friend to provide security if they fall behind on payments. Of course, there are far more options if you are able to save even a small deposit. Eligibility criteria varies and lenders are more strict compared with the 2008 financial crises where high LTV home loans were more common. You will still need to pass tough affordability tests to prove you can afford the repayments. But these mortgages typically cost more than other products and there are risks to be aware of, particularly if house prices fall. Rachel Springall, finance expert at said: 'First-time buyers are the lifeblood of the mortgage market, but it is an excruciating situation for them to secure a mortgage amid a short supply of affordable housing. 'There will be many reliant on the 'Bank of Mum and Dad' to help them get their foot onto the property ladder, such as with a guarantor mortgage. There are even options for borrowers to add their family or friends onto their mortgage to borrow more, but these pose a risk to anyone on the application should the homeowner default on their mortgage.' Here is what you need to know. What is a no deposit mortgage? As the name suggests, a no deposit or 100 per cent LTV mortgage gives borrowers access to a home loan without having to put any money down. You will still need to go through a mortgage application though to prove that you can afford the monthly repayments and there will also be interest rates stress tests to assess whether you can still repay if interest rates rise. Mark Eaton, chief operating officer for April Mortgages, said: 'A 100 per cent mortgage can be a game-changer for first-time buyers struggling to save while renting. 'By removing the need for a deposit, it eliminates one of the biggest barriers to homeownership, allowing buyers to step onto the property ladder much sooner. 'This is particularly beneficial for renters whose monthly payments are already comparable to mortgage costs but who find it difficult to save a lump sum alongside their living expenses.' Who offers no deposit mortgages? Most 100 per cent LTV mortgages require someone else to provide a security such as savings or committing to make repayments if the borrower defaults. Skipton Building Society is often hailed as the most innovative. It launched the Track Record mortgage in 2023 that provides a 100 per cent LTV loan as long as applicants can show they have made rental payments on time over a 12-month period. The product is only available to first-time buyers over the age of 21 with a good credit history and no guarantor is required. The maximum that renters can borrow will depend on their credit score, evidence of making their rent on time for the last 12 months and their income but there is a limit of £600,000. Elliot Culley, director at Switch Mortgage Finance, said: 'Affordability for this mortgage is calculated in two ways - the borrower's income but also the interest rate and rent the borrower has been paying as a tenant. 'I have found the rental payments and current higher interest rates for this product can hamper the amount the borrower can lend which means a smaller property than the borrower is sometimes currently renting. So the product has some limitations currently whilst rates are higher, if rates continue to fall it's likely this product would become more popular as the borrowing capacity should also increase.' Other options include Barclays Bank's Mortgage Boost, where first-time buyers and existing homeowners can add another individual to an application to increase the amount they can borrow. Anyone on the application is legally responsible for the mortgage but the helper won't own the property or be named on the title deeds. Barclays Bank also offers a guarantor 'Family Springboard Mortgage' whereby helpers can deposit a lump sum - 10 percent of the amount borrowed - for five years to help a first-time buyer to secure a mortgage. The money is returned to the depositor with interest. Lloyds Bank has a Lend a Hand Mortgage that lets a guarantor deposit 10 per cent of the amount borrowed for three years into a fixed term savings account to help a borrower secure a mortgage, which is returned to the depositor with interest. However, this has a limited distribution. Similarly, Halifax has a Family Boost Mortgage that works the same way but the borrower or helper must have a Reward or Ultimate Reward Current Account with the bank. What are the risks of a zero deposit mortgage? A 100 per cent LTV mortgage may remove one the largest pitfalls of buying a home - the deposit - but there are downsides. The rates are typically higher than if you can even put down a 5 per cent deposit. For example, Skipton's Track Record mortgage has a rate of 5.44 per cent for five years. But if you can pull together a 5 per cent deposit, Lloyds Bank has a five-year fix at 4.96 per cent. A 25-year £200,000 mortgage would cost £1,221 per month with Skipton in this scenario but would be £1,164 with Lloyds Bank. That is £57 cheaper per month, £684 over the year and would save you £3,420 over the full five years. Steve Humphrey, founder of The Mortgage Pod, said: 'My advice is often to wait until they have a five per cent or higher deposit, as this would open up substantially more options and lenders.' Another risk is that if house prices fall, you could end up in negative equity - which is when the value of your house is lower than that of your mortgage. This could make it hard to remortgage or sell as you would need spare cash to make up any shortfall between your property value and the amount of loan left. Springall added: 'House prices can rise in the years ahead, but they can also plummet. The latter could be a disaster for borrowers with little equity in their homes from borrowing at the highest ends of the loan-to-value spectrum.' When investing, your capital is at risk and you may get back less than invested. Past performance doesn't guarantee future results.
