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, British Columbia--(Newsfile Corp. - June 29, 2022) - Goldgroup Mining Inc.
(TSX: GGA)
(OTC Pink: GGAZF) (BMV SIX: GGAN.MX) ("Goldgroup" or the "Company") held its annual general
meeting of shareholders in Vancouver, B.C. on June 28, 2022.
Common Shares represented at the Meeting:
48,444,736
Total issued and outstanding Common Shares as at Record Date: 211,803,356
Percentage of issued and outstanding Common Shares represented: 22.87%
MATTERS VOTED UPON
VOTING RESULTS
1.
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:
Corry J. Silbernagel
39,266,153
(99.26%)
292,769
(0.74%)
Javier Reyes
39,268,949
(99.27%)
289,973
(0.73%)
Javier Montano
39,267,929
(99.26%)
290,993
(0.74%)
Anthony Balic
39,276,090
(99.29%)
282,832
(0.71%)
Blair Jordan
39,328,810
(99.42%)
230,112
(0.58%)
Each of the five nominees proposed by management were elected as a director of the
Company.
2.
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.
48,222,001
(99.54%)
222,735
(0.46%)
Davidson & Company LLP, Chartered Accountants, was re-appointed as the auditors of the
Company and the directors were authorized to set their remuneration.
3.
Share Consolidation
Votes in
Favour
Against
The approval of an amendment to the articles of incorporation of the
Company to consolidate its Common Shares on the basis of a ratio
within the range of one post-consolidation common share for every
two (2) pre-consolidation Common Shares to one post-consolidation
Common Shares for every ten (10) pre-consolidation Common
Shares, with the ratio to be selected and implemented by the Board of
Directors in its sole discretion, if at all, at any time prior to April 30,
2023 as more particularly described in the information circular relating
to the Meeting;
47,393,039
(97.83%)
1,051,967
(2.17%)
The Shareholders approved the amendment to the articles of incorporation of the Company to
consolidate its Common Shares on the basis of a ratio within the range of one post-
consolidation common share for every two (2) pre-consolidation Common Shares to one post-
consolidation Common Shares for every ten (10) pre-consolidation Common Shares, with the
ratio to be selected and implemented by the Board of Directors in its sole discretion, if at all, at
any time prior to April 30, 2023 as more particularly described in the information circular
relating to the Meeting;
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, including an 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. In addition, the Company operates its 100%-owned Cerro Prieto heap-leach
gold mine, in the State of Sonora, Mexico.
Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in
mine development, corporate finance, and exploration in Mexico. 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
Investor Relations
Toll Free: 1-877-655-ozAu (6928)
The TSX has neither reviewed nor accepts responsibility for the adequacy or accuracy of this
release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Certain information contained in this news release, including any information relating to future
financial or operating performance, may be considered "forward-looking information" (within the
meaning of applicable Canadian securities law) and "forward-looking statements" (within the meaning
of the United States Private Securities Litigation Reform Act of 1995). These statements relate to
analyses and other information that are based on forecasts of future results, estimates of amounts not
yet determinable and assumptions of management. Actual results could differ materially from the
conclusions, forecasts and projections contained in such forward-looking information.
These forward-looking statements reflect Goldgroup's current internal projections, expectations or
beliefs and are based on information currently available to Goldgroup. In some cases forward-looking
information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan",
"anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the
negative of those terms or other comparable terminology.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to materially differ from those reflected in the
forward-looking information, and are developed based on assumptions about such risks, uncertainties
and other factors including, without limitation: receipt of all required stock exchange and regulatory
approvals; the scope, duration and impact of the COVID-19 pandemic; the scope, duration and
impact of regulatory responses to the pandemic on the employees, business and operations;
uncertainties related to actual capital costs operating costs and expenditures; production schedules
and economic returns from Goldgroup's projects; uncertainties associated with development activities;
uncertainties inherent in the estimation of mineral resources and precious metal recoveries;
uncertainties related to current global economic conditions; fluctuations in precious and base metal
prices; uncertainties related to the availability of future financing; potential difficulties with joint venture
partners; risks that Goldgroup's title to its property could be challenged; political and country risk; risks
associated with Goldgroup being subject to government regulation; risks associated with surface
rights; environmental risks; Goldgroup's need to attract and retain qualified personnel; risks
associated with potential conflicts of interest; Goldgroup's lack of experience in overseeing the
construction of a mining project; risks related to the integration of businesses and assets acquired by
Goldgroup; uncertainties related to the competitiveness of the mining industry; risk associated with
theft; risk of water shortages and risks associated with competition for water; uninsured risks and
inadequate insurance coverage; risks associated with potential legal proceedings; risks associated
with community relations; outside contractor risks; risks related to archaeological sites; foreign
currency risks; risks associated with security and human rights; and risks related to the need for
reclamation activities on Goldgroup's properties, as well as the risk factors disclosed in Goldgroup's
Annual Information Form and MD&A. Any and all of the forward-looking information contained in this
news release is qualified by these cautionary statements.
Although Goldgroup believes that the forward-looking information contained in this news release is
based on reasonable assumptions, readers cannot be assured that actual results will be consistent
with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-
looking information. Goldgroup expressly disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, events or otherwise, except as may
be required by, and in accordance with, applicable securities laws.
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