N-PX 1 fp0027356_npx.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 
FORM N-PX
 
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act File Number 811-04010
 
OCM Mutual Fund
2600 Kitty Hawk Road
Suite 119
Livermore, CA 94551
 
 (Address of principal executive offices)
 
OCM Mutual Fund
Attn: Greg Orrell
2600 Kitty Hawk Road
Suite 119
Livermore, CA 94551
 
 (Name and address of agent for service)
 
Registrant's telephone number, including area code: (925) 455-0802
 
Date of fiscal year end: November 30
 
Date of reporting period: July 1, 2016 through June 30, 2017
 
Item 1. Proxy Voting Record
 
Company Name
Company
Symbol
CUSIP
Number
Shareholder
Meeting Date
Describe The Matter Voted On
Proposed by
Company or
Shareholder
Did Orrell
Capital vote?
How did Orrell
Capital Vote?
Votes Cast for or
 Against Management
Cardinal Resources Ltd.
CDV AU
B8866Y1
8/11/2016
1. Ratification of the placement of shares,
Company
Yes
For
For
(Special Meeting)
      
Rule 7.1; 2. Ratification of the Placement of
        
       
shares, rule 1.7A; 3. Approval for the issue of
        
       
placement of shares.
        
                 
Dacian Gold Ltd.
DCN AU
B8N9RJ7
10/3/2016
1. Discussion of Financial statements and
Company
Yes
For
For
       
reports; 2. Adoption of remuneration report;
        
       
3-4. Re-election of Robert Reynolds and Ian
        
       
Cochrane as directors; 5. Ratification of prior
        
       
issue of Equity securities--placement shares;
        
       
6. Renewal of Company's proportional take-
        
       
over approval provisions; 7. Issue of Equity
        
       
securities to director, Rohan Williams.
        
                 
Royal Gold, Inc.
RGLD
780287108
11/16/2016
1A-1B. Election of directors Hayes & Vance;
Company
Yes
For
For
       
2. Appoint Ernst & Young as auditors; 3. Approve
        
       
advisory resolution relating to executive
        
       
compensation; 4. Approve amendment to
        
       
increase total of number of authorized shares
        
       
from 110,000,000 to 210,000,000 shares.
        
                 
Cardinal Resources Ltd.
CDV AU
B8866Y1
11/7/2016
1. Remuneration Report; 2-3. Re-election of
Company
Yes
For
For
       
directors Malik Easah and Mark Connelly;
        
       
4. Issue of securities; 5. Approval of 10%
        
       
placement facility; 6. Re-appointment of
        
       
Greenwich & Co. as auditors.
        
                 
Cardinal Resources Ltd.
CDV AU
B8866Y1
8/10/2016
1. Ratification of the issue of placement Shares
Company
Yes
For
For
       
2. Rule 7.1 2. Ratification of the issue
        
       
of placement shares. Rule 7.1A  3. Approval
        
       
for the issue of Placement shares.
        
 
Company Name
Company Symbol
CUSIP Number
Shareholder
Meeting Date
Describe The Matter Voted On
Proposed by Company or Shareholder
Did Orrell
Capital vote?
How did Orrell Capital Vote?
Votes Cast for or Against Management
Atlantic Gold Corp.
AGB CN
04854Q952
11/24/2016
1. Set number of directors at eight. 2. Elect
Company
Yes
For
For
       
directors; Appoint Pricewaterhousecoopers
        
       
LLP  as auditors; 3. Authorizing directors to fix
        
       
remuneration; 4. Ratify, confirm and approve
        
       
rolling stock option plan; 5. Transact
        
       
other business as may properly come
        
       
before the meeting.
        
                 
Aqua Metals, Inc.
AQMS
03837J101
12/21/2016
1. Elect directors; 2. Appoint Armanino LLP as
Company
Yes
For
For
       
auditors.
        
                 
Newmont Mining Corp.
NEM
651639106
4/20/2016
1A-F. Elect directors; 2. Appointment of
Company
Yes
For 1-4
For  1-4
       
independent Registered Accounting
    
Against 5
Against 5
       
firm; 3. Approve on an advisory basis
        
       
named executive officer compensation;
        
       
4. Approve frequency of stockholder
        
       
vote on executive compensation;
        
       
5. Stockholder proposal regarding human
        
       
rights risk assessment.
        
                 
Goldcorp, Inc.
GG
380956409
4/26/2017
1. Elect directors; 2. Appoint Deloitte LLP
Company
Yes
For 1-2
For 1-2
       
as auditors, authorizing directors to
    
Against 3
Against 3
       
fix remuneration. 3. Non-binding resolution
        
       
accepting company's approach to
        
       
executive remuneration.
        
                 
Eldorado Gold Corp.
EGO
284902103
4/27/2017
1. Elect Directors; 2. Appoint KPMG as
Company
Yes
For
For
       
auditors; 3. Authorize directors to fix auditors
        
       
pay; 4. Approve resolution supporting
        
       
company's approach to executive
        
       
compensation on an advisory basis.
        
 
Company Name
Company Symbol
CUSIP Number
Shareholder
Meeting Date
Describe The Matter Voted On
Proposed by Company or Shareholder
Did Orrell
Capital vote?
How did Orrell Capital Vote?
Votes Cast for or Against Management
Alacer Gold Corp.
ASR CN
010679959
4/28/2017
1. Elect directors; 2. Appoint Pricewaterhouse
Company
Yes
For 1-3
For 1-3
       
Coopers as auditors; 3. Ordinary resolution
    
Against 4
Against 4
       
ratifying and confirming corporations 2017
        
       
RSU plan authorizing directors to grant
        
       
restricted stock units which may be redeemed
        
       
as common shares of the corp. up to 5% of
        
       
the issued and outstanding common shares of
        
       
the corporation; 4. Advisory resolution on
        
       
the corp. approach to executive compensation.
        
                 
Agnico Eagle Mines Ltd.
AEM
008474108
4/28/2017
1. Elect directors; 2. Appoint Ernst & Young
Company
Yes
For 1-2
For 1-2
       
as auditors, directors to fix remuneration;
    
Against 3
Against 3
       
3. Non-binding advisory resolution accepting
        
       
company's approach to executive compensation.
        
                 
Randgold Resources Ltd. ADR
GOLD
752344309
5/2/2017
1. Receive audited financial statements;
Company
Yes
For
For
       
2. Declare a final dividend of $1.00 payable
        
       
March 17,2017; 3. Approve director's
        
       
remuneration report; 4. Approve director's
        
       
remuneration policy; 5-12. Re-elect directors;
        
       
13. Re-appoint BDO LLP as auditors; 14.
        
       
Authorize audit committee to determine
        
       
remuneration of the auditors; 15. Authority to
        
       
allot shares; 16. As part of their fees, each
        
       
non-executive director be awarded 1,500 shares
        
       
 17. Resolve as part of fee senior independent
        
       
director be awarded 2,000 shares and to vest on
        
       
on date of grant; 18. Resolve as part of his fee
        
       
Chairman be awarded 2,500 shares to vest
        
       
on date of grant;
        
 
Company Name
Company Symbol
CUSIP Number
Shareholder
Meeting Date
Describe The Matter Voted On
Proposed by Company or Shareholder
Did Orrell
Capital vote?
How did Orrell Capital Vote?
Votes Cast for or Against Management
Randgold Resources Ltd. ADR
GOLD
    
19. Authority to disapply pre-emption
        
(Continued)
      
Rights; 20. Authority for the company
        
       
to purchase its own ordinary shares
        
       
and ADSS.
        
                 
Centerra Gold, Inc.
CG CN
152006953
5/2/2017
1. Elect directors; 2. Appoint KPMG LLP as
Company
Yes
For
For
       
auditors, directors to fix remuneration; 3.
        
       
Approve corp. amended and restated restricted
        
       
share unit plan; 4. Employee share purchase
        
       
plan.
        
                 
Kinross Gold Corp.
KGC
496902404
5/3/2017
1. Elect directors; 2. Appoint KPMG LLP as
Company
Yes
For 1-2
For 1-2
       
auditors, directors to fix remuneration; 3. Pass
    
Against 3
Against 3
       
an advisory resolution on Kinross' approach
        
       
to executive compensation.
        
         
Company
Yes
For
For
Tahoe Resources, Inc.
TAHO
873868103
5/3/2017
1. Elect directors; 2. Appoint Deloitte LLP
        
       
as auditors; 3. Resolution that the shareholders
        
       
accept the advisory board's approach to
        
       
executive compensation.
        
                 
Yamana Gold, Inc.
AUY
98462Y100
5/4/2017
1. Elect directors; 2. Appoint Deloitte LLP as
Company
Yes
For 1-2
For 1-2
       
auditors; 3. On an advisory basis, accept
    
Against 3
Against 3
       
the company's approach to executive
        
       
compensation.
        
                 
Franco-Nevada Corp.
FNV
351858105
5/9/2017
1. Elect directors; 2. Appoint Pricewaterhouse-
Company
Yes
For
For
       
Coopers LLP as auditors, directors to fix
        
       
remuneration; 3. Accept corp. approach to
        
       
compensation.
        
 
Company Name
Company Symbol
CUSIP Number
Shareholder
Meeting Date
Describe The Matter Voted On
Proposed by Company or Shareholder
Did Orrell
Capital vote?
How did Orrell Capital Vote?
Votes Cast for or Against Management
Argonaut Gold, Inc.
AR CN
04016A952
5/10/2017
1. Elect directors; 2. Appoint Pricewaterhouse-
Company
Yes
For
For
       
Coopers LLP as auditors, directors to fix
        
       
remuneration; 3. Have shareholder advisory
        
       
vote on the corp.'s report on executive
        
       
compensation pay.
        
                 
Silver Wheaton Corp.
SLW CN
828336107
5/10/2017
1. Elect directors; 2. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditors, directors to fix remuneration;
        
       
3. Approve special resolution to amend the
        
       
Articles of Continuance in order to change
        
       
the name Silver Wheaton to Wheaton
        
       
Precious Metals Corp; 4. Approve non-binding
        
       
resolution re: company's approach to executive
        
       
compensation.
        
                 
AngloGold Ashanti Ltd. ADR
AU
035128206
5/16/2017
1-1-1.3, 2. Re-elect and elect directors;
Company
Yes
For
For
       
 3.1-3.6. Re-appoint members of the audit and risk
        
       
committee; 4. Re-appoint Ernst & Young as
        
       
auditors of the company; 5. Authority to
        
       
directors to allot and issue ordinary shares;
        
       
6. Non-binding advisory endorsement of the
        
       
Anglogold remuneration policy; 7. Special
        
       
resolution 1: Remuneration policy; 8. Special
        
 
      
resolution 2: Authority to acquire the company's
        
 
      
own shares. 9. Special resolution 3: Approval
        
       
of the Anglogold limited deferred share plan;
        
       
10. Authority to issue ordinary shares
        
       
pursuant to the DSP; 11. General authority
        
       
to directors to issue for cash those ordinary
        
       
shares which the directors are authorized
        
       
to allot and issue in terms of ordinary resolution;
        
 
Company Name
Company Symbol
CUSIP Number
Shareholder
Meeting Date
Describe The Matter Voted On
Proposed by Company or Shareholder
Did Orrell
Capital vote?
How did Orrell Capital Vote?
Votes Cast for or Against Management
AngloGold Ashanti Ltd. ADR
AU
    
12. General authority to provide financial
        
(Continued)
      
assistance in terms of section 44 and 45 of the
        
       
company's Act; 13. Amendment of Company
        
       
memorandum of incorporation; 14. Director's
        
       
authority to implement special and ordinary
        
       
resolutions.
        
                 
Gold Fields Ltd. ADR
GFI
38059T106
5/24/2017
1. Re-appoint KPMG as auditors; 2A-2G.
Company
Yes
For
For
       
Election of directors; 3A-3E. Election of
        
       
Audit committee members; 4. Approval of
        
       
authorized but unissued ordinary shares;
        
       
S-1. Approval for the conversion of ordinary
        
       
par value shares to ordinary no par value
        
       
shares; S-2. Approval for the increase in the
        
       
authorized share capital; S-3. Approval
        
       
for the issuing of equity securities for cash;
        
 
 
 
 
S4A. Advisory endorsement of the remuner-
        
 
 
 
 
ation policy; S4B. Approval of the remuner-
        
       
ation of non-executive directors; S5. Approval
        
       
for the company's inter-group financial
        
       
assistance in terms of Sections 44 and 45 of
        
       
the act; S6. Acquisition of the company's own
        
       
shares; S7. Amendments to the existing
        
       
memorandum of incorporation.
        
                 
Klondex Mines Ltd.
KDX CN
498696954
5/4/2017
1. Elect directors; 2. Appoint Pricewaterhouse-
Company
Yes
For
For
       
Coopers LLP as auditors, directors to fix
        
       
remuneration; 3. Pass resolution re: company's
        
       
approach to executive compensation;
        
       
4. Conduct a non-binding advisory vote on the
        
       
frequency of conducting a non-binding
        
       
advisory vote re: executive compensation.
        
 
Company Name
Company Symbol
CUSIP Number
Shareholder
Meeting Date
Describe The Matter Voted On
Proposed by Company or Shareholder
Did Orrell
Capital vote?
How did Orrell Capital Vote?
Votes Cast for or Against Management
Alamos Gold, Inc.
AGI
011532108
5/11/2017
1. Elect directors; 2. Appoint KPMG as auditors,
Company
Yes
For
For
       
directors to fix remuneration; 3. If deemed
        
       
advisable, pass a resolution to approve an
        
       
advisory resolution re: executive compensation.
        
                 
Asanko Gold, Inc.
AKG CN
04341Y956
6/9/2017
1. Set number of directors at 7; 2. Elect
Company
Yes
For
For
       
directors; 3. Appoint KPMG  LLP as auditors,
        
       
directors to fix remuneration; 4. Resolution
        
       
approving Company's incentive share option
        
       
plan; 5. Resolution approving Company's
        
       
share option plan for a further three year
        
       
period.
        
                 
Sutter Gold Mining, inc.
SGM CN
86944A956
6/2/2017
1. Elect directors; 2. Appoint Devisser Gray LLP
Company
Yes
For
For
       
as auditor, directors to fix remuneration;
        
       
3. Confirm Company's stock option plan.
        
                 
Wesdome Gold Mines Ltd.
WDO CN
95083R951
6/21/2017
1. Elect directors; 2. Appoint Grant Thornton
Company
Yes
For
For
       
LLP as auditor, directors to fix remuneration
        
       
3. Approve adoption of the 2017 Omnibus
        
       
Equity incentive plan of Wesdome.
        
                 
Premier Gold Mines Ltd.
PG CN
74051D955
6/22/2017
1. Elect directors; 2. Appoint Grant Thornton
Company
Yes
For
For
       
LLP as auditor, directors to fix remuneration.
        
                 
Jaguar Mining, Inc.
JAG CN
47009M400
6/5/2017
Did not vote, received proxy after meeting date.
Company
No
    
                 
Endeavour Mining Corp.
EDV CN
G3040R950
6/27/2017
1. Elect directors; 2. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditors, directors to fix remuneration;
        
       
3. Approve certain performance share unit and
        
       
performance share plan of the Corp.
        
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

OCM Mutual Fund

/s/ Gregory M. Orrell
  
Gregory M. Orrell
President
August 9, 2017