Facsimile: 604-669-3041 Trading Symbol: “SHJ” Toll Free: 1-800-663-9688 Results of Annual General Meeting
Suite 610 – 1100 Melville Street, Vancouver, British Columbia V6E 4A6
Telephone: 604-669-6463 TSX Venture Exchange Facsimile: 604-669-3041 Trading Symbol: “SHJ” Toll Free: 1-800-663-9688
Results of Annual General Meeting
April 1, 2015
Shoshoni Gold Ltd. (the “Company”) held its Annual General Meeting on March 27, 2015 with the following results:
Directors:
Directors elected by shareholders for the ensuing year are Glen Macdonald, Stephem Kubots, Marlowe Harvey, George Frangeskides and Arthur Brown. Mr. Macdonald and Mr. Brown are new to the Company’s Board of Directors, filling the vacancies left by Mark Tommasi and Ralf Hillebrand, who did not stand for re-election to the Board.
Stock Option Plan:
Shareholders approved the adoption of a new “rolling 10%” Stock Option Plan (the “New Plan”), which was approved by the Board of Directors (the “Board”) on February 25, 2015. The New Plan replaces and supersedes the Company’s previous fixed number stock option plan.
Alteration of Articles:
Shareholders did not approve a special resolution in respect of amendments to the Company’s Articles of Incorporation (as described in detail in a News Release dated February 26, 2015).
The Company had proposed alteration of the Company's Articles to implement advance notice provisions and to approve the alteration of the Company’s Articles to provide the Company’s Board with the authority to approve any change in the Company’s name as well as provide the Board of the Company with the ability to amend the alteration provisions of its Articles to permit the directors to approve a subdivision or consolidation of all or any of the Company’s unissued, or fully paid issued, shares without further Shareholder approval.
Shoshoni Gold Ltd.
Per:"Glen Macdonald"
Director
Tel: 604-669-6463
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the proposed share consolidation and seeking shareholder approval therefor, the proposed shares for debt settlement transactions and seeking shareholder approval for the creation of a new control person, seeking shareholder approval of the alteration of the Company’s Articles, are forward-looking information. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking information disclosed by the Company is not a guarantee of future performance, and that actual results may differ materially from those in forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
Neither the 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.