Cerrado GOLD Announces Successful Results of Annual and Special Meeting of Shareholders and Appointment to Board of Directors
October 28, 2021 www.cerradogold.com
CERRADO GOLD ANNOUNCES SUCCESSFUL RESULTS OF ANNUAL AND
SPECIAL MEETING OF SHAREHOLDERS AND
APPOINTMENT TO BOARD OF DIRECTORS
• All matters presented for shareholder approval were approved
• Ms. Petra Decher appointed as independent member of the board of directors
TORONTO, ONTARIO - Cerrado Gold Inc. (TSX.V: CERT) (OTCQX: CRDOF) ("Cerrado" or the "Company”)
is pleased to announce that at its Annual and Special Meeting of Shareholders (“Meeting”) held earlier
today all matters presented to shareholders were approved. Details of the voting results are set out
below.
New Independent Member of the Board
Immediately following the Meeting, Mr. David Ball resigned from the board of directors and was
appointed Vice President, Business Development effective November 28, 2021. Ms. Petra Decher was
appointed as a new independent member of the Board and Chair of the Audit Committee.
Ms. Decher is an experienced finance executive currently serving as an independent director and Chair
of the Audit Committees of Ascendant Resources Inc. and Rockcliff Metlas Corp. Ms. Decher is the Chief
Financial Officer of Marimaca Copper Corp., a Chilean copper development and exploration company.
From 2009 to 2016, Ms. Decher was the Vice President, Finance and Assistant Secretary for Franco -
Nevada Corporation. She previously served as the Lead Independent Director of Integra Gold Corp. until
its acquisition by Eldorado Gold Corporation , the Lead Director of Marimaca Copper Corp. and w as
Chairwoman of the Board at Red Pine Exploration Inc. Ms. Decher is a Chartered Public Accountant and
will Chair the Company’s Audit Committee.
Meeting Voting Results
A total of 27,898,210 common shares were voted at the Meeting, representing 36.55% of the votes
attached to all outstanding common shares of the Company. All matters presented for shareholder
approval at the Meeting were duly authorized and approved as follows.
Election of Directors
The shareholders elected each of the nine nominees listed in the Company’s Management Proxy Circular.
Details of the voting results are as follows:
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Name Votes in Favour % Votes Withheld %
Mark Brennan 22,093,706 99.995 1,203 0.005
Stephen Shefsky 18,296,906 82.811 3,798,003 17.189
David Ball 22,093,706 99.995 1,203 0.005
Robert Campbell 22,093,706 99.995 1,203 0.005
Jonathan Gilligan 22,093,706 99.995 1,203 0.005
Kurt Menchen 22,093,706 99.995 1,203 0.005
Oscar Neto 22,093,706 99.995 1,203 0.005
Elmer Prata Salomão 22,093,706 99.995 1,203 0.005
Jad Salomão 22,093,706 99.995 1,203 0.005
Appointment of Auditor
KPMG LLP was appointed auditor of the Corporation and the directors of the Corporation were
authorized to fix the auditor’s remuneration. Details of the voting results are as follows:
Total Votes % of Votes Cast
Votes in Favour 25,332,118 99.892
Votes Withheld 27,303 0.108
Total Votes Cast 25,359,421 100
Amended and Restated Omnibus Incentive Plan
The Amended and Restated Omnibus Incentive Plan of the Company was approved by disinterested
shareholders. Details of the voting results are as follows:
Total Votes % of Votes Cast
Votes in Favour 8,696,527 69.583
Votes Against 3,801,503 30.417
Total Votes Cast 12,498,030 100
Grant of Deferred Share Units and Options
The Company also announces that it has granted 725,000 deferred share units to members of the board
of directors of the Company and 150,00 0 share purchase options (“Options”) to Mr. Ball in connection
with his appointment under the Company’s Amended and Restated Omnibus Incentive Plan. The Options
have a strike price of $ 1.53, a term of five years and vest as to one-third immediately and one -third on
each of the following two anniversaries.
For further information please contact
Mark Brennan Nicholas Campbell, CFA
CEO and Co Chairman Director, Corporate Development
Tel: +1-647-796-0023 Tel.: +1-905-630-0148
[email protected] [email protected]
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About Cerrado Gold
Cerrado Gold is a public gold producer and exploration company with gold production derived from its
100% owned Minera Don Nicolás mine in Santa Cruz province, Argentina. It also owns 100% of the assets
of Minera Mariana in Santa Cruz province, Argentina. The company is also undertaking exploration at its
100% owned Monte Do Carmo project located in Tocantins, Brazil. For more information about Cerrado
Gold please visit our website at: www.cerradogold.com.
Disclaimer
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This press release contains statements that constitute “forward -looking information” (collectively, “forward -
looking statements”) within the meaning of the applicable Canadian securities legislation, All statements, other
than statements of historical fact, are forward -looking statements and are based on expectations, estimates
and projections as at the date of this news release. Any stateme nt that discusses predictions, expectations,
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Forward-looking statements contained in this press release include, without limitation, statements regarding
the business and operations of Cerrado Gold. In making the forward- looking statements contained in this press
release, Cerrado Gold has made certain assumptions, including, but not limited to ability of Cerrado to expand
its drilling program at its Minera Don Nicolas Project and increase its resources. Although Cerrado Gold believes
that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the
expectations of any forward -looking statements will prove to be correct. Known and unknown risks,
uncertainties, and other factors which may cause the actual results and future events to differ materially from
those expressed or implied by such forward -looking statements. Such factors include, but are not limited to
general business, economic, competitive, political and social uncertai nties. Accordingly, readers should not
place undue reliance on the forward-looking statements and information contained in this press release. Except
as required by law, Cerrado Gold disclaims any intention and assumes no obligation to update or revise any
forward-looking statements to reflect actual results, whether as a result of new information, future events,
changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.