Perfect. Okay, thank you. Welcome to the annual general meeting of the shareholders of American Pacific Mining Corp. The meeting will now come to order. I am Alnesh Mohan, the CFO of the company. In accordance with the articles of the company and with the consent of the meeting, I will act as chair of the meeting. I will also act as secretary of the meeting. TSX Trust Company, the company's transfer agent, has provided us with a scrutineer. Therefore, I appoint Soumya Honda to act as scrutineer of the meeting. We will now proceed with the formal portion of today's meeting. To expedite the formal business of the meeting and in accordance with the articles of the company, I will propose all motions. A seconder is not required.
The notice of meeting, management information circular dated May 3rd, 2024, and form of proxy were mailed on May 17th, 2024, to the company shareholders of record. Unless there are any objections, I propose we dispense with the reading of the notice of the meeting. Proof that notice of meeting was given in accordance with the articles of the company will be filed with the minutes of the meeting. I now ask that the scrutineer read the report on the attendance of the meeting.
Sure. There are zero total holders present in person or by proxy at the meeting holding zero shares. Sixty-six management proxies received representing 39,213,190 shares. So this represents 17.89% of the total issued and outstanding shares.
Thank you. I adopt the report of the scrutineer and declare the attendance at this meeting to be as there and set out. I declare that there is a quorum of shareholders present and that this meeting has been regularly called and properly constituted for the transaction of business. The first item in business is the presentation of the audited financial statements of the company for the years ended December 31, 2023, and 2022, the related management discussion and analysis, and the auditor's report thereon. The financial statements and auditor's reports were filed on SEDAR+ in accordance with securities legislation. Accordingly, unless someone specifically requests that I do so, I would propose that the auditor's report not be read at the meeting and will consider them received by the shareholders as submitted to the meeting. Now, setting number of directors.
The next item in business is fixing the number of directors at five. Is there any discussion on this motion? Hearing none, I move to set the number of directors at five. I declare the motion carried. The next item in business is the election of directors. The board of directors presently consists of five directors whose terms of office are deemed to have expired today pursuant to the company's articles. Their circular contains the names of five persons proposed for election at this meeting. These five proposed nominees are Warwick Smith, Ken Cunningham, Eric Saderholm, Joness Lang, and Ali Hakimzadeh. As the company has adopted an advance notice policy and no notices were received in accordance with that policy, there can be no other nominations.
I declare that the persons nominated have been elected directors of the company by acclamation to hold office until the next annual meeting of the shareholders of the company, subject to the provisions of the articles of the company or the British Columbia Business Corporations Act. The next item in business is the appointment of Davidson & Company LLP, chartered professional accountants as auditors of the company until the next annual meeting of the shareholders of the company or until a successor is appointed at a remuneration to be fixed by the directors. Is there any discussion on this motion? Hearing none, I move to appoint Davidson & Company LLP, chartered professional accountants as auditors of the company until the next annual meeting of the shareholders of the company or until a successor is appointed at a remuneration to be fixed by the directors. I declare the motion carried.
The next item in business is the pre-approval or, sorry, is a reapproval of the 10% rolling stock option plan of the company. With permission of the meeting, I will dispense with reading the resolution to the meeting, the full text of which is set forth on page 17 of the circular dated May 3rd, 2024. Is there any discussion on this motion? Hearing none, I move to approve the resolution to reapprove the 10% rolling stock option plan. I declare the motion carried. This completes the formal business of the meeting, and a motion for the termination of this meeting is now in order. I move that this meeting is terminated. I declare the motion carried. Thank you for joining us. We wish you all an excellent remainder of the week. Thanks, everyone.
Thanks, Alnesh.
Thank you.
Thank you.