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
1536 Holmes Street
Livermore, CA 94550
(Address of principal executive offices)
OCM Mutual Fund
Attn: Greg Orrell
1536 Holmes Street
Livermore, CA 94550
(Name and address of agent for service)
Registrant's telephone number, including area code: (925) 455-0802
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Date of fiscal year end: November 30
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Date of reporting period: July 1, 2006 through June 30, 2007
ITEM 1. PROXY VOTING RECORD
JULY 1, 2006 - JUNE 30, 2007
ORRELL CAPITAL MANAGEMENT, INC. PROXY VOTING SUMMARY
HOW DID VOTE
COMPANY CUSIP SHAREHOLDER PROPOSED BY DID ORRELL ORRELL CAST FOR
TICKER NUMBER MEETING COMPANY OR CAPITAL CAPITAL OR AGAINST
COMPANY NAME SYMBOL DATE DESCRIBE THE MATTER VOTED ON SECURITY VOTE? VOTE? MANAGEMENT?
BIRIM
GOLDFIELDS BGI 090878109 7/5/2006 1. Elect directors; 2. Appoint Company yes For For
Price WaterhouseCoopers as
auditors; 3. Res. Authorizing
private placement of a total
of 3,676,627 units of corp.
MEXGOLD MXG 0592776108 7/28/2006 1. Special resolution for the Company yes For For
acquisition of all of the
outstanding shares of the
Company.
VICEROY
EXPLORATION VIE 925621104 10/13/2006 1. For each share of Viceroy Company Yes For For
Exploration held, holders will
receive 0.97 of a share
of Yamana Gold shares.
DRD GOLD DROOY 26152H103 12/8/2006 Company No
ALTIUS
MINERALS ALS 020936100 11/1/2006 Company No
AUSTRALIAN
SOLOMONS
GOLD LTD SGA Q82710100 11/28/2006 Company No
MAXIMUS
VENTURES MXV 57773B100 2/22/2007 1. Elect directors; 2. Appoint Company Yes For For
Grant Thornton, LLP as
auditors; 3. Approve Company
stock option plan.
SABINA
SILVER SBB 785271107 2/27/2007 1. Determine number of Company Yes For For
directors; 2.Elect directors;
3. Appoint Grant Thornton, LLP
as auditor; 4. Approve
continuation of company 2005
stock option plan.
FREEPORT-
MCMORAN FCX 35671D857 3/14/2007 1. Approve amendment to Company Yes For For
COPPER & GOLD increase authorized number of
Special Meeting Capital shares to 750,000,000;
2. Approval of issuance of
common stock in connection of
planned merger with Phelps
Dodge Corp.; 3. Approval of
adjournment of special meeting
if necessary to permit
solicitation of additional
proxies in favor of proposals
1&2.
HOW DID VOTE
COMPANY CUSIP SHAREHOLDER PROPOSED BY DID ORRELL ORRELL CAST FOR
TICKER NUMBER MEETING COMPANY OR CAPITAL CAPITAL OR AGAINST
COMPANY NAME SYMBOL DATE DESCRIBE THE MATTER VOTED ON SECURITY VOTE? VOTE? MANAGEMENT?
NEWMONT MINING NEM 651639106 4/24/2007 1. Elect directors; 2. Ratify Company Yes For 1, 2&5 For Company
appointment of independent Stockholder Against 2,5 Against
auditors; 3. Stockholder stockholder
proposal regarding Newmont's
Indonesian operation;
4. Stockholder proposal re:
report to stockholders
regarding Newmont's policies
and practices in communities
around it's operations, if
introduced at meeting; 5.
Stockholder proposal re:
independent board chairman.
LIHIR GOLD LIHR 532349107 4/24/2007 1. Receive Financial statements Company Yes For For
and report 2. Elect directors;
3. Re-appoint auditor;4.
Award of share rights to
managing director under Lihir
senior executive plan;
5. Increase to the aggregate
fee limit for non executive
directors.
SILVER WHEATON SLW 828336107 4/26/2007 1. Elect directors; 2. Appoint Company Yes For For
Deloitte & Touche as auditors;
3. Resolution approving
amendment to company
stock option plan.
AGNICO-EAGLE
MINES AEM 008474108 4/27/2007 1. Elect directors; 2. Appoint Company Yes For For
Ernst & Young LLP as auditors;
3. Resolution approving
amendment to corporation stock
option plan.
RANDGOLD GOLD 752344309 4/30/2007 1. Adoption of directors' Company Yes For For
report and accounts; 2.
Elect directors; 3. Adoption
of report of the remuneration
committee; 4. Approve fees
payable to directors; 5.
Appoint BDO Stoy Haywood LLP
as auditors.
GUYANA
GOLDFIELDS GUY 403530108 4/30/2007 1. Elect directors; 2. Appoint Company Yes For For
Smith, Nixon LLP as
auditor.
PAN
AMERICAN
SILVER PAA 697900108 4/30/2007 1. Elect directors; 2. Appoint Company Yes For For
Deloitte & Touche as auditors;
3. Authorize directors to fix
auditors' remuneration.
AURORA ENERGY AXU 05163P106 4/30/2007 1. Appoint Pricewater- Company Yes For For
houseCoopers LLP as auditors;
2. Authorize directors to fix
auditors remuneration; 3.
Determine # of directors at 5;
4. Elect directors.
HOW DID VOTE
COMPANY CUSIP SHAREHOLDER PROPOSED BY DID ORRELL ORRELL CAST FOR
TICKER NUMBER MEETING COMPANY OR CAPITAL CAPITAL OR AGAINST
COMPANY NAME SYMBOL DATE DESCRIBE THE MATTER VOTED ON SECURITY VOTE? VOTE? MANAGEMENT?
MERIDIAN GOLD MDG 589975101 5/1/2007 1. Elect directors; 2. Appoint Company Yes For For
KPMG LLP as auditors; 3.
Approval of the 2007 share
incentive plan.
BARRICK GOLD ABX 067901108 5/2/2007 1. Elect directors; 2. Approve Company Yes For For
PricewaterhouseCoopers LLP as
auditors; 3. Res. approving
amendment of stock option
plan.
GOLDCORP GG 380956409 5/2/2007 1. Special resolution Company Yes For For
authorizing directors to
determine number of directors;
2. Elect directors; 3. Appoint
Deloitte & Touche LLP as
auditors; 4. Resolution
approving amendment to company
stock option pl.
KINROSS GOLD KGC 496902404 5/2/2007 1. Special resolution Company Yes For For
empowering directors to fix
number of directors; 2.
Elect directors; 3. Approve
appointment of KPMG as auditors;
4. Resolution confirming
revisions to the By-Laws of the
company.
YAMANA GOLD AUY 98462Y100 5/2/2007 1. Elect directors; 2. Appoint Company Yes For For
auditors and authorize
directors to fix their
remuneration.
HECLA MINING HL 422704106 5/4/2007 1. Elect directors. Company Yes For For
ANGLOGOLD AU 035128206 5/4/2007 1. Adoption of financial Company Yes For For
statements; 2. Elect directors;
3. Placement of shares under
control of directors; 4.
Issuing shares for cash; 5.
Increase directors'
remuneration; 6. Acquisition
of company's own shares.
COEUR D'ALENE CDE 192108108 5/8/2007 1. Elect directors; 2. Company Yes For For
Ratification of KPMG LLP
as auditors.
MAG SILVER MAG 55903Q104 5/8/2007 1. Appoint Deloitte & Touche Company Yes For For
LLP as auditors; 2. Determine
the number of directors at 6;
3. Elect directors; 4.
Approve stock option plan.
GOLDEN STAR GSS 38119T104 5/9/2007 1. Elect directors; 2. Appoint Company Yes For For
RESOURCES PricewaterhouseCoppers LLP as
auditors; 3. Pass the
Rights Plan resolution.
IAMGOLD IAG 450913108 5/17/2007 1. Consider amending share Company Yes For For
incentive Plan; 2. Elect
directors; 3. Appoint KPKG
LLP, as auditors, directors
fix remuneration.
METALLICA MR 59125J104 5/24/2007 1. Elect directors; 2. Appoint Company Yes For For
RESOURCES PricewaterhouseCoopers LLP
as auditors.
HOW DID VOTE
COMPANY CUSIP SHAREHOLDER PROPOSED BY DID ORRELL ORRELL CAST FOR
TICKER NUMBER MEETING COMPANY OR CAPITAL CAPITAL OR AGAINST
COMPANY NAME SYMBOL DATE DESCRIBE THE MATTER VOTED ON SECURITY VOTE? VOTE? MANAGEMENT?
INTERNATIONAL IRC 460277106 5/18/2007 1. Reappoint Pricewater- Company Yes For For
ROYALTY CORP. houseCoopers LLP as auditors,
directors fix remuneration;
2. Elect directors; 3.
Approve amendments
to Stock Option Plan.
AQUILINE
RESOURCES AQI 03839N100 5/25/2007 1. Elect directors; 2. Appoint Company Yes For For
Grant Thornton LLP as
auditors, directors fix
remuneration; 3. Approve
amendments to Stock Option
Plan.
ANATOLIA
MINERALS ANO 003290095 5/31/2007 1. Elect directors; 2. Appoint Company Yes For For
PricewaterhouseCoopers LLP
as auditors; 3. Resolution
approving the shareholder
rights plan; 4. Resolution
approving share option plan.
GOLDEN
CYCLE GOLD GCGC 380894105 6/6/2007 1. Elect Directors; 2. Company Yes For For
Re-appoint Ehrnhardt
Keefe Steiner & Hoffman
PC as auditors.
GAMMON LAKE GAM 364915108 6/6/2007 1. Elect directors; 2. Company Yes For For
RESOURCES Re-appointment of KPMG LLP as
auditors, directors fix
remuneration; 3. Special
resolution to change
corporations name to "Gammon
Gold Inc/or Gammon Inc.
APEX
SILVER MINES SIL G04074103 6/7/2007 1. Elect directors; 2. Company Yes For For
Ratification of Pricewater-
houseCoopers LLP as auditors.
FIRST
MAJESTIC FR 32076V103 6/7/2007 1. Appoint Deloitte & Touche Company Yes For For
SILVER as auditors; 2. Directors fix
auditors remuneration; 3.
Determine number of directors
at 7; 4. Elect directors; 5.
Approve 2006 Stock Option Plan.
WESTERN
GOLDFIELDS WGDF 95828P104 6/19/2007 1. Approve agreement whereby Company Yes For For
Company will change its place
of incorporation from Idaho to
Nevada; 2. Approve shareholder
rights plan; 3. Approve
amendment to stock option plan;
4. Elect directors; 5.Approve
appointment of HJ & Associates
as auditors.
AFRICAN GOLD
GROUP AGG 00829A106 6/26/2007 1. Elect directors; 2. Company Yes For For
Reappointment of BDO Dunwoody
LLP as auditor, directors to
fix remuneration; 3. Resolution
authorizing increase of common
shares.
AMARILLO GOLD AGC 02301T108 6/26/2007 1. Elect directors; 2. Appoint Company Yes For For
Stephens Cooper Molyneux LLP
as auditors; 3. Directors to
fix auditors remuneration;
Approve Company's incentive
stock option plan.
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
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Gregory M. Orrell
President
July 12, 2007