Vangold Resources Ltd.
VANGOLD RESOURCES LTD. TSX-V:VAN
NEWS RELEASE
RESULTS FROM VANGOLD’s ANNUAL GENERAL MEETING
September 16th, 2012 – Vangold Resources Ltd’s (TSXV:VAN) (“Vangold” or the “Company”) shareholders approved all resolutions brought before them at the Company’s Annual General Meeting (“AGM’) held in Vancouver, British Columbia on September 13th, 2012.
The Company provides the following report on the voting results of the matters considered at the AGM, the particulars of which are set out in more detail in the Company’s information circular, dated August 13th, 2012:
- Election of Directors: Dal Brynelsen, Michael Mackay, Robert Chenery, Douglas Hutchison stood for election and were duly re-elected as directors of the Company for the ensuing year.
- Appointment and Remuneration of Auditors: Ernst & Young LLP, Chartered Accountants were re-appointed as the auditor of the Company for the ensuing year and the directors were authorized to fix their remuneration.
- Approval of Stock Option Plan: Shareholders approved the ratification and amendment of the Company’s 2012 Stock Option Plan which authorized directors to reserve up to a maximum of 20% of the issued and outstanding shares of the Company.
- Approval of Share Consolidation: Shareholders approved the option for the Company to consolidate all of its issued Shares on an up to ten for one basis.
The directors held a meeting immediately following the Annual General Meeting and appointed the following officers:
Dal Brynelsen: President and CEO Sandy Huntingford: CFO and Corporate Secretary
Audit Committee:
Dal Brynelsen Michael Mackey Robert Chenery
The Board of Directors would like to thank the shareholders for their continued support. To find out more about Vangold Resources Ltd. please visit our website at www.vangold.ca or contact Dal Brynelsen at 604-830-4458 or by email [email protected]
1 Suite 900 – 595 Howe Street, P.O. Box 10, Vancouver, BC, Canada V6C 2T5 VANGOLD RESOURCES LTD. Page 2 of 2
About Vangold Resources Ltd. In Papua New Guinea, Vangold has three advanced gold properties, the Mt. Penck, Fergusson and Allemata projects. The properties are located along the "Pacific Rim of Fire", the active circum-Pacific volcanic belt that is host to large copper-gold porphyry systems (Grasberg, Ok Tedi, Panguna and Frieda River) and to a number of world class epithermal gold deposits, including the multi-million ounce deposits at Barrick's Porgera and Newcrest Mining's Lihir gold mines. Headquartered in Vancouver, Canada, Vangold holds a diversified portfolio of mineral projects in North America, Papua New Guinea and Uganda, as well as oil and gas concessions in Armenia. In addition, Vangold holds a significant stake in Coppermoly Limited, an Australian listed security (ASX: COY) who has recently completed a $20 million dollar earn-in agreement with Barrick to earn a 72% interest of the Simuku and Nakru properties located in the area of Mt Penck . Vangold's shares are listed on the Toronto Venture Stock Exchange under the symbol VAN and on the Frankfurt Stock Exchange under the symbol VAQ.
To find out more about Vangold Resources Ltd., please visit our website at www.vangold.ca or contact Dal Brynelsen at 604-684-1974 or by email [email protected].
On Behalf of the Board of
VANGOLD RESOURCES LTD.
"Dal Brynelsen"
Dal Brynelsen, President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward Looking Information
This news release includes forward looking statements that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, expectations or beliefs regarding the future. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements.
Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. The Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.
Suite 900 – 595 Howe Street, P.O. Box 10, Vancouver, BC, Canada V6C 2T5