Lion Copper & Gold Corp. Reports AGM Voting Results

What Happened
Lion Copper & Gold Corp. announced results of its Annual General Meeting held on August 12, 2026. Of 431,181,105 common shares entitled to vote, 296,866,201 were present or represented by proxy. Shareholders fixed the board size at five and elected five directors — Thomas Patton, Tony Alford, Charles Travis Naugle, Frederick Scruggs and Mark Sharman — to serve until the next annual meeting. The meeting also approved MNP LLP as auditors, adopted the 2026 Stock and Incentive Plan, approved a share consolidation (a reverse split) at a ratio of 1-for-20 to 1-for-30 to be set by the board, and amended the articles to increase quorum requirements to holders representing at least 33 1/3% of issued shares.

Key Details

• Shares entitled to vote: 431,181,105; shares present/represented: 296,866,201.
• Directors elected (votes FOR): Thomas Patton — 210,215,405; Tony Alford — 210,846,482; Charles T. Naugle — 199,159,728; Frederick Scruggs — 240,835,654; Mark Sharman — 240,835,654.
• Auditors: MNP LLP appointed (For: 290,145,177; Withheld/Abstain: 5,387,690).
• Share consolidation approved (1 post‑consolidation share for every 20–30 pre‑consolidation shares); vote For: 282,071,911; Against: 13,089,833.
• 2026 Stock and Incentive Plan approved (For: 236,634,608; Against: 7,937,663).
• Quorum amendment approved to require shareholders (in person or by proxy) holding at least 33 1/3% of issued shares (For: 240,196,533).

Why It Matters
Investors should note the board and auditors are now set, and corporate governance rules (quorum) were tightened. Approval of the Stock and Incentive Plan authorizes a vehicle for future equity awards, which can dilute existing holders if shares are issued. The approved share consolidation (reverse split) will reduce the number of outstanding shares once the board selects the final ratio and effective date — this changes per‑share math (shares outstanding, share price, and per‑share metrics) but does not by itself change the company’s overall value.