Results of Annual and Special Meeting of Shareholders and Share Consolidation
November 14, 2013 - Vancouver, British Columbia - Aguila American Gold Limited. (“Aguila”) or (the “Company”) – (TSX-V: AGL) announces that at its Annual and Special Meeting of Shareholders held November 14, 2013, the shareholders re-elected Messrs. John Huguet, Nick DeMare, Dušan Berka and Blair Way as directors of the Company. The shareholders also passed all other resolutions including: (i) an ordinary resolution to ratify the existing stock option plan, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of the grant; and (ii) a special resolution approving the proposed share consolidation, as announced on October 4, 2013, whereby all of the issued and outstanding common shares of the Company will be consolidated on the basis of five (5) old for one (1) new common share. The share consolidation will reduce the 43,330,302 shares of the Company currently issued and outstanding to approximately 8,666,060 shares. No fractional shares will be issued. Any fraction of a share will be rounded down to the nearest whole number of common shares.
At a directors meeting held following the shareholders meeting, Mr. John Huguet was appointed as President and Chief Executive Officer of the Company and Nick DeMare as Chief Financial Officer and Corporate Secretary. Messrs. Blair Way, Dušan Berka and Nick DeMare were appointed to the audit committee. The directors also approved the implementation of the above share consolidation, which is subject to TSX Venture Exchange approval, and will be effected upon receipt of such approval.
ON BEHALF OF THE BOARD,
“John Huguet”
John Huguet President and CEO
Aguila American Gold Ltd.
Aguila American Gold Ltd. is an emerging gold exploration company with an experienced geological and executive management team focused on advancing and developing their flagship prospective gold project, Angostura. Angostura is located 180 kilometres southwest of city of Cuzco, in the Department of Apurimac, southwestern Peru. Angostura is located in a prolific mineral trend, approximately 25 kilometres from the Las Bambas Mine, a $4.5 billion mining project being developed by Xstrata Mining Pty.
For more information visit www.aguilaamerican.ca
Aguila American Gold Ltd.
Tel: (604) 685 9316 Fax: (604) 683 1585 http://www.aguilaamerican.ca
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