2020 Annual General and Special Meeting of Shareholders and Appointment of Executive Officers
PRESS RELEASE For immediate publication
2020 Annual General and Special Meeting of Shareholders and Appointment of
Executive Officers
VANCOUVER, B.C., December 15, 2020 – Kanadario Gold Inc. (the “Corporation”) (TSX‐V: KANA) held its
2020 Annual General and Special Meeting of Shareholders earlier today, which was a hybrid meeting
involving participation by means of a ZOOM videoconference which was broadcast live online.
As previously disclosed in the press releases dated November 23 and 25, 2020, shareholders were asked
– in addition to electing directors, appointing auditors and approving the Corporation’s stock option
plan – to approve, inter alia, the Corporation’s continuance under the Canada Business Corporations
Act and a private placement by Life of Mine Investments Inc. (“LOMI”) and related persons for gross
proceeds of $5.67 million, LOMI and such related persons being a “Related Party” as such term is
defined in Multilateral Instrument 61‐101 – Protection of Minority Security Holders in Special
Transactions.
The approval of the private placement with LOMI and related persons (the “LOMI Transaction”) was
provided by a majority of disinterested shareholders to the “Related Party Transaction” at the meeting,
thereby allowing the LOMI Transaction to close. On closing of the LOMI Transaction, assuming the
underwriters’ option under the previously disclosed brokered offering is fully exercised, LOMI and its
related persons will collectively hold approximately 13.9 % of the outstanding common shares of the
Corporation.
In the address he made at the meeting, President and CEO Louis‐Pierre Gignac shared his views on the
Corporation’s outlook. “The Corporation is now well capitalized and excited to focus its efforts towards
identifying and completing a cornerstone acquisition where it can apply its expertise in engineering,
optimizing and building mining projects. I wish to welcome all our new Board members and look forward
to working with them to grow the Corporation”, Mr. Gignac declared.
Shareholder Approvals
At the meeting, shareholders unanimously approved the following matters, the relevant details in
respect of each was provided in the Corporation’s Information Circular dated November 10, 2020 (the
“Circular”):
The number of directors was set at seven (7) for the ensuing year; and the following persons
were elected to serve on the Company’s Board of Directors: David Fennell, Louis Gignac Sr.,
Louis‐Pierre Gignac, Elif Lévesque, Norman MacDonald, Jason Neal and Dušan Petković;
Crowe MacKay LLP, Chartered Professional Accountants of Vancouver, B.C. were appointed
auditors of the Corporation for the ensuing year;
The Corporation’s 10% rolling stock option plan was approved;
The investment by LOMI, and certain related parties (by 100% of disinterested shareholders)
was approved; and
The continuance of the Corporation under the Canada Business Corporations Act was approved.
Upon completion of the LOMI Transaction, LOMI acquired 8,540,000 units comprised of 8,540,000
common shares of the Corporation (each, a “Common Share”) and 4,270,000 warrants (each, a
“Warrant”), each Warrant entitling the holder to purchase one Common Share at a price of $0.80 per
share for a period of 18 months. LOMI now holds 12,640,000 Common Shares and 4,270,000 Warrants,
representing approximately 11.36% of the outstanding Common Shares on a non‐diluted basis and
14.63% on a partially diluted basis. Immediately before closing of the LOMI Transaction, the only
securities of the Corporation held by LOMI were 4,100,000 Common Shares, then representing
approximately 4.17% of the outstanding Common Shares on a non‐diluted basis.
LOMI has filed an Early Warning Report pursuant to National Instrument 62‐103 disclosing that LOMI
acquired the securities for investment purposes and that it may from time to time acquire additional
securities, dispose of some or all of the existing or additional securities or may continue to hold
securities of the Corporation depending on market and economic conditions, the business and
prospects of the Corporation and other relevant factors.
A copy of the early warning report may be obtained by contacting:
Life of Mine Investments Inc.
Attention: Diane Quesnel
7900 Boul. Taschereau, Édifice D, Suite 200 Brossard, QC, J4X 1C2
Tel: 450‐465‐1950
Name Change and New Ticker Symbol
The Corporation is also pleased to announce that, further to its press release dated October 23, 2020,
the shareholders of the Corporation have approved the change in its corporate jurisdiction by
continuing out of British Columbia under the Business Corporations Act (British Columbia) and into
the Canada Business Corporations Act as a federal corporation. Concurrently with the name change,
the Corporation will change its name from “Kanadario Gold Inc.” to “G Mining Ventures Corp.”. At the
opening of the markets on December 18, 2020, the Corporation’s common shares will commence
trading under the new name G Mining Ventures Corp. and the new ticker symbol “GMIN”. The new
CUSIP for the Corporation’s common shares will be 36261G102.
No action will be required by existing shareholders with respect to the name change. Issued share
certificates representing common shares of the Corporation will not be affected by the change of name
and will not need to be exchanged. The Corporation encourages any shareholder concerns in this
regard, if any, to be directed to such person’s broker or agent.
Appointment of Officers
Following the shareholders meeting, the Board appointed Julie Lafleur as Vice President, Finance & Chief
Financial Officer and Marc Dagenais as Vice President, Legal Affairs and Corporate Secretary, effective
tomorrow.
Julie Lafleur, CPA, CA, is a Chartered Professional Accountant in Québec since 1998 and has 20 years of
experience in the mining industry. After four years with the Montreal accounting firm of Raymond
Chabot Grant Thornton, Ms. Lafleur started with Cambior Inc. as Senior Accounting Analyst and took on
various positions of increasing responsibility with Niobec Inc. (2004‐2008), Iamgold Essakane S.A. in
Burkina Faso (2008‐2014), Newmont Suriname, LLC (2014‐2017) and Aurelian Ecuador S.A. (2017‐2020),
a subsidiary of Lundin Gold Inc., as Accounting Manager. She recently joined G Mining Services.
Mr. Marc Dagenais is a Québec lawyer since April 1990 and has 30 years of experience in the mining
industry, both in North America and internationally. He was Vice President, Legal Affairs & Corporate
Secretary of Nemaska Lithium (2016‐2020); prior to that, he held similar positions with Graymont
Limited (2014‐2016) and for the African region of Kinross Gold Corporation (2011‐2014), based in Las
Palmas de Gran Canaria, Spain. Prior to that, Mr. Dagenais worked for 15 years with Cambior Inc., in
positions of increasing responsibility. He also was a partner of Lavery, de Billy, LLP, a major Montréal
law firm and a partner of MinQuest Capital Inc., a private equity fund specialized in mining investments.
About Kanadario Gold Inc.
The Corporation is a mineral exploration company which has been, up to now, focused on the
exploration and development of the Cameron Lake Property, located in the west‐central part of Québec.
As disclosed in the October 23, 2020 press release, the Corporation is henceforth actively pursuing its
objective of acquiring a significant gold asset in year 2021.
A corporate website will be established during the next month at: www.gminingventures.com.
Cautionary Statement on Forward‐Looking Information
All statements, other than statements of historical fact, contained in this press release constitute
“forward‐looking information” and “forward‐looking statements” within the meaning of certain
securities laws and are based on expectations and projections as of the date of this press release.
Forward‐looking statements contained in this press release include, without limitation, those related to
(i) the identification and completion of a cornerstone acquisition, (ii) the use of its expertise in
engineering, optimizing and building mining projects, and (iii) generally, the above “About Kanadario
Gold Inc.” paragraph which essentially expresses the Corporation’s goal. Forward‐looking statements
are based on expectations, estimates and projections as of the time of this press release. Forward‐looking
statements are necessarily based upon a number of estimates and assumptions that, while considered
reasonable by the Corporation as of the time of such statements, are inherently subject to significant
business, economic and competitive uncertainties and contingencies. These estimates and assumptions
may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual
results to differ materially from those expressed or implied in any forward‐looking statements. There can
be no assurance that the Corporation will acquire a significant gold asset in year 2021, or ever, as future
events could differ materially what is currently anticipated by the Corporation.
By their very nature, forward‐looking statements involve inherent risks and uncertainties, both general
and specific, and risks exist that estimates, forecasts, projections and other forward‐looking statements
will not be achieved or that assumptions do not reflect future experience. Forward‐looking statements
are provided for the purpose of providing information about management’s expectations and plans
relating to the future. Readers are cautioned not to place undue reliance on these forward‐looking
statements as a number of important risk factors and future events could cause the actual outcomes to
differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions
and intentions expressed in such forward‐looking statements. All of the forward‐looking statements
made in this press release are qualified by these cautionary statements and those made in the
Corporation’s other filings with the securities regulators of Canada including, but not limited to, the
cautionary statements made in the relevant section of the Corporation’s Management Discussion &
Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not
exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any
intention or obligation to update or revise any forward‐looking statements or to explain any material
difference between subsequent actual events and such forward‐looking statements, except to the extent
required by applicable law.
Further information regarding the Corporation is available in the SEDAR database (www.sedar.com).
FOR FURTHER INFORMATION, PLEASE CONTACT:
Louis‐Pierre Gignac
Chief Executive Officer
450‐465‐1950, ext. 201