Maple Gold Reports AGM Results and Provides Corporate Update
Maple Gold Reports AGM Results and Provides
Corporate Update
Montreal, Quebec--(Newsfile Corp. - June 20, 2018) -
Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G)
("
Maple Gold
" or the "
Company
") is pleased to report AGM results and provide a brief corporate update. The following
directors were elected to the board to hold office until the next annual meeting of shareholders of the Company or until their
successors are duly appointed or elected.
NOMINEE
VOTES FOR
% FOR
VOTES
WITHHELD
%
WITHHELD
David W. Broughton
35,982,457
99.48
186,388
0.52
Sean Charland
36,060,847
99.7
107,998
0.3
Jay Chmelauskas
36,020,107
99.59
148,738
0.41
B. Matthew Hornor
36,018,867
99.59
149,978
0.41
Pierre Lebel
36,023,975
99.6
148,870
0.4
Janine North
35,998,005
99.53
170,840
0.47
Maurice Tagami
36,069,378
99.72
99,467
0.28
In addition, shareholders at the AGM approved the Company's stock option plan and the appointment of the Company's
auditors.
Corporate Update
Maple Gold is in the process of implementing a number of cost-cutting measures given the current market environment. The
Company will provide an update on cost reductions in the coming weeks. Maple Gold expects to report additional drill results
from the Douay Gold Project shortly. The Company has experienced longer than anticipated turnaround times on assay results
to-date, but expects a steady flow of assay results throughout June and July as additional results are received and interpreted.
Maple Gold's President and CEO,
Matthew Hornor, stated:
"
The market conditions and current Maple Gold share price
have both softened recently, but we remain
very optimistic about creating
shareholder value going forward. The Douay Gold
Project hosts
a significant
gold
resource in one of the world's premier mining jurisdictions with excellent infrastructure and
exploration upside. We've
been very pleased with the
discovery of new gold zones and
early returns from the re
cently
completed drill program
. We
still have
a significant
number
of assays to report t
hrough June and July and
remain on track to
complete an updated resource estimate
toward
year's end.
"
Hornor a
dded:
"The Company recently attracted local institutional investors from Quebec approximately two months ago
and we continue to have ongoing discussions with other major institutions and mining companies that recognize the
opportunity to create meaningful long-term value at Douay."
Qualified Person
The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred
Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument
43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information
disclosed in this news release through his direct participation in the work.
Quality Assurance (QA) and Quality Control (QC)
Maple Gold implements strict Quality Assurance ("QA") and Quality Control ("QC") protocols at Douay covering the planning and
placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill-hole surveying; core transport to the Douay
Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the
analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a
complete description of protocols, please visit the Company's QA/QC page on the website at:
http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement
About Maple Gold
Maple Gold is an advanced gold exploration company focused on defining a district-scale gold project in one of the world's
premier mining jurisdictions. The Company's 377 km² Douay Gold Project is located along the Casa Berardi Deformation Zone
within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project has an established gold resource that
remains open in multiple directions, with excellent infrastructure and several large scale operating mines within this prolific
mining district. Maple Gold has now completed a significant winter drill campaign to expand on the known Resource Areas and
test new discovery targets within the Company's 55 km of strike along the Casa Berardi Deformation Zone. For more
information please visit
www.maplegoldmines.com
.
ON BEHALF OF
MAPLE GOLD MINES LTD.
"Matthew Hornor"
B. Matthew Hornor, President & CEO
For Further Information Please Contact:
Mr. Joness Lang
VP, Corporate Development
Office: +1 416.306.8124
Email:
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS PRESS RELEASE.
Forward Looking Statements:
This news release contains "forward-looking information" and "forward-looking statements" (collectively referred to as "forward-
looking statements") within the meaning of applicable Canadian securities legislation in Canada, including statements about the
prospective
mineral potential of the Porphyry Zone, the potential for significant mineralization from other drilling in the referenced
drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and
management's best estimate of future events. Actual events or results could differ materially from the Company's expectations
and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers
should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to,
statements regarding timing and completion of the private placement. When used herein, words such as "anticipate", "will",
"intend" and similar expressions are intended to identify forward-looking statements.
Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed
reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements
involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or
achievements to be materially different from any future events, results, performance, or achievements expressed or implied by
such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results
to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.'s filings
with Canadian securities regulators available on
www.sedar.com
or the Company's website at
www.maplegoldmines.com
.
The
Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking
statements whether as a result of new information, future events or otherwise, except as required by law
.