Goldgroup Announces the Results of its Annual General and Special Meeting of Shareholders
Goldgroup Announces the Results of its Annual General
and Special Meeting of Shareholders
VANCOUVER
,
July 12, 2018
/CNW/ - Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSX:GGA, OTC:GGAZF, BMV
SIX:GGAN.MX) held its annual general and special meeting of shareholders in
Vancouver, B.C.
on
July 11, 2018
.
At the meeting, all director nominees listed in the Company's management information circular dated
June 6, 2018
, were elected as
directors of the Company.
Common Shares represented at the Meeting: 51,828,618
Total issued and outstanding Common Shares as at Record Date: 185,136,689
Percentage of issued and outstanding Common Shares represented: 27.99%
MATTERS VOTED UPON
VOTING RESULTS
1.
Number of Directors
Votes in Favour
Votes Against
The fixation of the number of directors at five
21,210,236 (99.76%)
51,832 (0.24%)
The number of directors was fixed at five (5)
2.
Election of Directors
Votes in Favour
Votes Withheld
The election of the following nominees as directors of the Company for the ensuing year or until their successors are appointed:
Keith Piggott
21,088,520 (99.18%)
173,548 (0.82%)
Corry J. Silbernagel
21,075,020 (99.12%)
187,048 (0.88%)
Javier Reyes
Javier Montano
21,074,920 (99.12%)
21,086,420 (99.17%)
187,148 (0.88%)
175,648 (0.83%)
Harry Burgess
21,085,020 (99.17%)
177,048 (0.83%)
Each of the five nominees proposed by management were elected as a director of the Company.
3.
Appointment of Auditors
Votes in Favour
Votes Withheld
The appointment of Davidson & Company LLP, Chartered Accountants, as auditors of the Company and the authorization of the
directors to set their remuneration.
51,250,287 (98.88%)
578,331 (1.12%)
Davidson & Company LLP
, Chartered Accountants, was re-appointed as the auditors of the Company and the directors were authorized to set their
remuneration
.
4.
Stock Option Plan
Votes in Favour
Against
The approval of the Company's 2018 Stock Option Plan as more fully described under the heading "Particular Matters to be Acted
Upon" in the Company's Management Information Circular.
19,694,934 (92.63%)
1,567,134 (7.37%)
The Shareholders approved the Company's new 2018 Stock Option Plan attached as more fully described under the heading "Particular Matters to be Acted Upon" in
the Company's Management Information Circular.
5.
Ratification of Granted Options
Votes in Favour
Against
The approval with or without variation, ratifying the 2,740,000 stock options granted by the Company on January 23, 2018, as more
fully described under the heading "Particular Matters to be Acted Upon" in the Company's Management Information Circular.
3,378,188* (69.87%)
1,457,051 (30.13%)
The Shareholders approved with or without variation, ratifying the 2,740,000 stock options granted by the Company on January 23, 2018, as more fully described
under the heading "Particular Matters to be Acted Upon" in the Company's Management Information Circular.
* Excluding 16,426,829 shares held by Insiders
The formal report on voting results with respect to all matters voted upon at the meeting has been filed on SEDAR.
About Goldgroup
Goldgroup is a Canadian-based gold production, development, and exploration Company with a significant upside in a portfolio of
projects in
Mexico
and
Ecuador
, including a 50% interest in DynaResource de
Mexico
, S.A. de C.V., which owns 100% of the high-
grade gold exploration project, San José de
Gracia
located in the
State of Sinaloa
. The Company operates its 100%-owned
Cerro
Prieto
heap-leach gold mine, in the
State of Sonora
, Mexico, and is continuing the environmental assessment and permitting
processes to advance to production the El Mozo property in
Ecuador
.
Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate
finance, and exploration in
Mexico
and
Ecuador
. Goldgroup's mission is to increase gold production, mineral resources, profitability
and cash flow, with a view to building a leading gold producer.
For further information on Goldgroup, please visit
www.goldgroupmining.com
On behalf of the Board of Directors,
Mr.
Keith Piggott
, Chairman and President
Tel: 1-520-247-5753
SOURCE
Goldgroup Mining Inc.
View original content: http://www.newswire.ca/en/releases/archive/July2018/12/c4946.html
%SEDAR: 00003703E
For further information:
Investor Relations, Toll Free: 1-877-655-ozAu (6928)
CO: Goldgroup Mining Inc.
CNW 19:02e 12-JUL-18