Chesapeake Gold Announces AGM Results
Chesapeake Gold Announces AGM Results
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2022) - Chesapeake Gold Corp. (TSXV: CKG)
(OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that at the 2022 Annual
General Meeting ("AGM") held on May 25, 2022 in Vancouver, British Columbia, Chesapeake's
shareholders voted in favour of all items of business. All director nominees were elected.
The Company's Stock Option Plan (the "Option Plan"), as amended and restated to comply with the TSX
Venture Exchange's (the "TSX-V") new Policy 4.4 -
Security Based Compensation
, was also approved
by a majority of the shareholders.
The Option Plan is a "rolling 10%" stock option plan whereby the
Company may issue, pursuant to options granted to eligible persons, up to maximum of 10% of the
issued and outstanding common shares of the Company determined at the time of grant.
As there are
67,366,866 common shares of the Company issued and outstanding as of today's date, a maximum of
6,736,686 common shares are issuable under the Option Plan.
The Option Plan remains subject to final
TSX-V approval.
A total of 29,237,196 common shares were represented at the AGM, being 43.40% of the Company's
issued and outstanding common shares. The following is a tabulation of the votes submitted by proxy:
Director Nominees
Votes For
% of Votes
Randy Buffington
27,895,150
99.89%
Christian Falck
25,794,050
92.37%
Doug Flegg
27,891,850
99.88%
Lian Li
27,894,378
99.89%
Alan Pangbourne
27,891,900
99.88%
John Perston
27,891,978
99.88%
P. Randy Reifel
27,846,695
99.72%
To appoint Grant Thornton LLP
as new auditor of the Company
29,221,724
99.95%
To approve and confirm the
Company's "rolling 10%" stock
option plan, as amended and
restated
27,426,247
98.21%
Following the AGM, Chesapeake re-appointed Randy Reifel as Chairman of the Board, Christian Falck
as Audit Committee Chair and Lead Independent Director, and Lian Li as Compensation and
Governance Committee Chair.
About Chesapeake
Chesapeake Gold Corp. is focused on the discovery, acquisition, and development of major gold-silver
deposits in North and South America. Chesapeake's Metates project hosts one of the largest
undeveloped gold-silver deposits in the Americas with a defined resource of over 20 million ounces of
gold and 550 million ounces of silver (as per NI 43-101 Technical Report Preliminary Economic
Assessment dated August 30, 2021 available on
www.sedar.com
).
Chesapeake also has an organic pipeline of satellite exploration properties strategically located near
Metates. In addition, the Company owns approximately 70% of Gunpoint Exploration Ltd. which owns the
Talapoosa gold project in Nevada.
For Further Information:
For more information on Chesapeake and its Metates Project, please visit our website at
www.chesapeakegold.com
or contact Alan Pangbourne at
or +1 778 731
1362.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/125350