St. Augustine Annouces Results of Its Annual General Meeting Hong Kong
ST. AUGUSTINE
ANNOUCES RESULTS OF ITS ANNUAL GENERAL MEETING
Hong Kong
, June
29
, 2018
–
St. Augustine Gold and Copper Limited (TSX: SAU) (“St.
Augustine” or the “Company”)
announced
that shareholders have approved all
resolutions brought before them at the Annual General Meeting of Shareholders held on
June 29, 2018.
The director nominees listed in the Company’s 2018
management information circular
filed on SEDAR were elect
ed as follows:
Name of Nominee
Votes for
Percentage
Votes Withheld
Percentage
Manuel Paolo A. Villar
335,636,940
99.93%
248,000
0.07%
Yolanda L. Coronel
-
Armenta
335,636,940
99.93%
248,000
0.07%
Patrick V. Caoile
335,636,940
99.93%
248,000
0.07%
Johnny C. Felizardo
335,636,940
99.93%
248,000
0.07%
Eugene T. Mateo
335,636,940
99.93%
248,000
0.07%
Shareholders also voted in favor of appointing Davidson and Company LLP as the external
auditor of St. Augustine until the next annual meeting at such
remuneration as may be
determined by the Company’s directors. 99.72% of the votes cast supported the
appointment of the auditors.
The King
-
king Copper
-
Gold Project
The King
-
king Copper
-
Gold Project is located in
Compostela Valley in the Philippines, and
i
s expected to recover 3.16B lbs. of copper and 5.43M oz. of gold over its 25 year mine
and process life. According to the Preliminary Feasibility Study that was released on
September 18, 2013, and then filed on www.sedar.com on November 1, 2013, the Projec
t
has a pre
-
tax NPV of $2.0 billion with an IRR of 24.8%. The estimated mineral reserves
amount to 617.9 million tonnes at 0.300% total copper and 0.395 g/t gold.
About St. Augustine
St. Augustine (SAU.T) is a TSX
-
listed mining company focused on the development of the
King
-
king Copper
-
Gold Project. The Project is one of the largest undeveloped copper
-
gold
deposits in the world, and is listed as a top three
-
priority mining project by t
he Philippine
government.
CAUTIONARY NOTE REGARDING FORWARD
-
LOOKING STATEMENTS
This announcement includes certain "forward
-
looking statements" within the meaning of
Canadian securities legislation. All statements, other than statements of historical fac
t
included herein are forward
-
looking statements. Forward
-
looking statements involve
various risks and uncertainties and are based on certain factors and assumptions. There
can be no assurance that such statements will prove to be accurate, and actual resu
lts and
future events could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company's
expectations include uncertainties related to fluctuations in gold, copper a
nd other
commodity prices and currency exchange rates; uncertainties relating to interpretation of
drill results and the geology, continuity and grade of mineral deposits; uncertainties
relating to the completion of a bankable feasibility study; uncertaint
y of estimates of
capital and operating costs, recovery rates production estimates and estimated economic
return; the need for cooperation of the Company's joint venture partner and government
agencies in the development of the Company's mineral projects;
the need to obtain further
permits and additional financing to develop the Company's mineral projects; the
possibility of delay in development programs or in construction projects and uncertainty
of meeting anticipated program milestones for the Company's
mineral projects; and other
risks and uncertainties disclosed under the heading "Risk Factors" in the Annual
Information Form dated March
28, 2018
, and filed with Canadian securities regulatory
authorities on the SEDAR website at
www.sedar.com
.
For more Information:
Ethelinda
Abarro
ST. AUGUSTINE CORPORATE HEADQUARTERS
Investor and Public Relations Contact
28/F, AIA Central
T:
+6382 225 0884
No. 1 Connaught Road, Central
E:
Hong Kong
+852
3651 6001