Austral Gold Announces Results of Annual General Meeting
Austral Gold Announces Results of Annual
General Meeting
Sydney, Australia--(Newsfile Corp. - May 30, 2023) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD)
(
"Austral" or "the Company"
) advises that shareholders of the Company passed all resolutions in the
Notice of Meeting dated 28 April 2023 at the General Meeting held today at 8:30am (AEST) by way of
poll.
A summary of proxy votes and the number of votes cast on each poll is attached, in accordance with
ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001.
Release approved by the Company Secretary of Austral Gold, Chelsea Sheridan.
For additional information please contact:
Jose Bordogna
Chief Financial Officer
Austral Gold Limited
+61 466 892 307
Gareth Quinn
Media and Investor Relations
Republic PR
+61 417 711 108
About Austral Gold
Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets
in the Americas.
Austral continues to lay the foundation for its growth strategy by advancing its attractive
portfolio of producing and exploration assets.
OPERATIONS
Guanaco and Amancaya mines, Antofagasta Province, Chile
(100% interest) Open pit and
underground. 2023 Forecast: 34,000-38,000 gold equivalent ounces.
Casposo/Manantiales Mine Complex, San Juan Province, Argentina
(100% interest) Gold
and silver mine currently in care and maintenance. Strategy is to restart profitable mining
operations.
EXPLORATION
CHILE
Paleocene Belt, Chile
Guanaco District
Amancaya District
Las Pampa District
ARGENTINA
Triassic Choiyoi Belt
Indio Belt
Deseado Massif
EQUITY INVESTMENTS
Unico Silver Limited, an ASX listed company
Pampa Metals Corp, a CSE listed company
Ensign Minerals Inc., private vehicle, Utah, USA
Rawhide Mine, private vehicle, Fallon, Nevada, USA
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements. Forward-
looking statements are statements that are not historical, and consist primarily of projections -
statements regarding future plans, expectations and developments. Words such as "expects", "intends",
"plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar
import tend to identify forward-looking statements. Forward-looking statements in this news release
include the Company's 2023 forecasted production and its strategy to restart profitable mining
operations at it's Casposo/Manantiales Mine Complex.
All of these forward-looking statements are subject to a variety of known and unknown risks,
uncertainties and other factors that could cause actual events or results to differ from those expressed or
implied, including, without limitation, business integration risks; uncertainty of production, uncertainty of
exploration programs, development plans and cost estimates, commodity price fluctuations; political or
economic instability and regulatory changes; currency fluctuations, the state of the capital markets
especially in light of the effects of the novel coronavirus,, uncertainty in the measurement of mineral
reserves and resource estimates, Austral's ability 2ttarct and retain qualified personnel and
management, potential labour unrest, reclamation and closure requirements for mineral properties;
unpredictable risks and hazards related to the development and operation of a mine or mineral property
that are beyond the Company's control, the availability of capital to fund all of the Company's projects
and other risks and uncertainties identified under the heading "Risk Factors" in the Company's
continuous disclosure documents filed on the ASX and on SEDAR. You are cautioned that the foregoing
list is not exhaustive of all factors and assumptions which may have been used. Austral cannot assure
you that actual events, performance or results will be consistent with these forward-looking statements,
and management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect
current expectations regarding future events and operating performance and speak only as of the date
hereof and Austral does not assume any obligation to update forward-looking statements if
circumstances or management's beliefs, expectations or opinions should change other than as required
by applicable law. For the reasons set forth above, you should not place undue reliance on forward-
looking statements.
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001
(Cth) and ASX Listing Rule 3.13.2.
Resolution details
Instructions given to validly appointed proxies
(as at proxy close)
Number of votes cast on the poll
(where applicable)
Resolution
Result
Resolution
Resolution
Type
For
Against
Proxy's
Discretion
Abstain
For
Against
Abstain*
Carried /
Not Carried
1 Adoption of
Remuneration
Report
Ordinary
13,138,260
81.88%
2,579,149
16.07%
329,207
2.05%
431,984,708
13,467,467
83.93%
2,579,149
16.07%
431,984,708
Carried
2 Re-Election of
Director - Mr
Wayne Hubert
Ordinary
Withdrawn
3 Re-Election of
Director - Mr
Eduardo Elsztain
Ordinary
446,800,310
99.87%
457,608
0.10%
151,207
0.03%
622,199
447,301,517
99.90%
457,608
0.10%
622,199
Carried
4 Re-Election of
Director - Mr Saul
Zang
Ordinary
446,799,623
99.87%
457,985
0.10%
149,207
0.03%
624,508
447,298,830
99.90%
457,985
0.10%
624,508
Carried
5 Re-Election of
Director - Mr Pablo
V. Del Carril
Ordinary
446,676,375
99.84%
581,233
0.13%
149,207
0.03%
624,508
447,175,582
99.87%
581,233
0.13%
624,508
Carried
6 Re-Election of
Director - Mr
Robert Trzebski
Ordinary
446,676,375
99.84%
581,233
0.13%
149,207
0.03%
624,508
447,175,582
99.87%
581,233
0.13%
624,508
Carried
7 Re-Election of
Director - Mr Ben
Jarvis
Ordinary
446,709,547
99.85%
559,061
0.12%
149,207
0.03%
613,508
447,208,754
99.88%
559,061
0.12%
613,508
Carried
8 Approval of 10%
Capacity to Issue
Equity Securities
Ordinary
444,697,874
99.35%
2,757,934
0.62%
149,207
0.03%
426,310
445,197,081
99.38%
2,757,934
0.62%
426,310
Carried
9 Issue of Unlisted
Options under
Austral Gold
Limited Stock
Incentive Plan to
Mr Wayne Hubert
Ordinary
Withdrawn
10 Issue of
Unlisted Options
under Austral Gold
Limited Stock
Incentive Plan to
Mr Eduardo
Elsztain
Ordinary
13,056,431
81.50%
2,860,379
17.85%
104,207
0.65%
432,010,308
13,160,638
82.15%
2,860,379
17.85%
432,010,308
Carried
11 Issue of
Unlisted Options
under Austral Gold
Limited Stock
Incentive Plan to
Mr Saul Zang
Ordinary
13,056,431
79.69%
2,860,379
17.46%
466,511
2.85%
431,648,004
13,522,942
82.54%
2,860,379
17.46%
431,648,004
Carried
12 Issue of
Unlisted Options
under
13,056,431
2,860,379
466,511
431,648,004
13,522,942
2,860,379
431,648,004
Carried
Austral Gold
Limited Stock
Incentive Plan to
Mr Stabro
Kasaneva
Ordinary
79.69%
17.46%
2.85%
82.54%
17.46%
13 Issue of Unlisted
Options under
Austral Gold
Limited Stock
Incentive Plan to
Mr Pablo Vergara
Del Carril
Ordinary
12,934,066
78.95%
2,982,744
18.21%
466,511
2.85%
431,648,004
13,400,577
81.79%
2,982,744
18.21%
431,648,004
Carried
14 Issue of Unlisted
Options under
Austral Gold
Limited Stock
Incentive Plan to
Mr Robert Trzebski
Ordinary
12,934,066
78.95%
2,982,744
18.21%
466,511
2.85%
431,648,004
13,400,577
81.79%
2,982,744
18.21%
431,648,004
Carried
15 Issue of Unlisted
Options under
Austral Gold
Limited Stock
Incentive Plan to
Mr Ben Jarvis
Ordinary
12,934,066
78.95%
2,983,873
18.21%
465,382
2.84%
431,648,004
13,399,448
81.79%
2,983,873
18.21%
431,648,004
Carried
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/168015