3 questions lodged at 2026 Sierra Nevada Gold Inc (SNX) hybrid AGM
May 27, 2026
Below is the text of the 3 written questions submitted at the 18 minute Sierra Nevada Gold Inc (SNX) 11am AEST hybrid AGM in Nevada and via this Zoom/Vistra link on May 27, 2026. Market cap $33.2m on AGM day. See notice of meeting detailing 5 resolutions including request for extra placement capacity. Last year there were three 10.5% protest votes against incentive grants and 8% against extra placement capacity. The proxies were not disclosed early as no formal addresses were lodged with the ASX.
Q1. Given that the two directors up for election today are both Australians, what is the logic of this company being incorporated in the US and listed in Australia on the ASX. Have we investigated re-incorporating to Australia and have the recent proposed investor tax increases in Australia's Federal budget made this prospect less likely?
Q2. Could new director Simon Lill and the chair comment on the recruitment process that led to his appointment to the board. Was a head hunter involved, did the full board interview any other candidates and did Simon know any of our existing directors before engaging with the recruitment process? Also, what is Simon's personal history when it comes to treatment of retail shareholders in capital raisings at boards where he served. How many share purchase plans has been involved in and how many institutional placements without an SPP has he done over the years?
Q3. There was an 8% vote against the extra placement capacity resolution at last year's AGM? Will you undertake not to request this again in 2027 and if doing yet another selective placement over the next 12 months, will you undertake to offer your 861 retail shareholders a chance to participate on the same terms as the "sophisticated" placement recipients via a Share Purchase Plan?
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