Spanish Mountain Announces Results of Annual General and Special Meeting of Shareholders and Resignation of Director
1120‐1095 West Pender Street
Vancouver, British Columbia, V6E 2M6
Tel: 604.601.3651
December 11, 2020
Spanish Mountain Announces Results of Annual General and Special Meeting of
Shareholders and Resignation of Director
Vancouver, B.C. ‐ Spanish Mountain Gold Ltd. ( “Spanish Mountain” o r t h e “Company” ) ( T S X ‐ V : S P A )
announces the results of its Annual General and Special Meeting of shareholders (the "Meeting") held on
December 10, 2020.
An ordinary resolution of disinterested shareholders was passed at the Meeting authorizing and
approving the creation of 2176423 Ontario Ltd., a corporation controlled by Mr. Eric Sprott, as a new
C o n t r o l P e r s o n ( a s d e f i n e d i n t h e p o l i c i e s o f t h e T S X V e n t u r e Exchange) of the Company upon the
exercise of share purchase warrants. The warrants were issued t o M r . S p r o t t i n c o n n e c t i o n w i t h h i s
participation of three private placements during 2020 totalling $12,000,000.
A total of 121,512,251 common shares of the Company were repres ented at the Meeting, accounting for
approximately 37.11% of the total number of common shares issued and outstanding. The following
matters were duly authorized and approved:
the appointment of Smythe LLP, Chartered Professional Accountan ts, as Auditor of the
Company for the ensuing year and authorization of the Directors t o f i x t h e A u d i t o r ’ s
remuneration
fixing the number of Directors at seven
The vote tabulation with respect to the election of directors is as follows:
Voted "for" Voted "Withhold"
Name # % # %
Morris Beattie 93,807,188 99.67% 307,017 0.33 %
James Clare 32,212,174 34.23% 61,902,031 65.77%
Christopher Lattanzi 93,969,985 99.85% 144,220 0.15%
Dale Corman 92,509,187 98.29% 1,605,018 1.71%
Donald Coxe 93,918,787 99.79% 195,418 0.21%
W. Terry MacLean 92,414,885 98.19% 1,699,320 1.8 1%
Sara Heston 92,097,384 97.86% 2,016,821 2.14%
The Board of Directors has accepted Mr. James Clare’s resignati on as a director effective December 10,
2020 and is grateful for his service to the Company.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd. is focused on advancing its multi‐mi llion ounce Spanish Mountain gold
project in southern central British Columbia. The Project is w ell funded to pursue the dual objectives of
fast tracking Phase 1 of the Project to be “shovel ready” and actively expanding the mineral resource.
The Company has commenced a Preliminary Feasibility Study for P hase 1 with the target of completion
during the first quarter of 2021. Phase I focuses on the pit‐delineated high‐grade core of the deposit
t h a t i s p o t e n t i a l l y e x p e c t e d t o s u s t a i n a s t a n d ‐ a l o n e o p e r a t i o n f o r m o r e t h a n a d e c a d e . T h e p o t e n t i al
viability of Phase 1 has been demonstrated in a 2019 Preliminar y Economic Assessment, which profiles
an operation with low operating cost and modest capital expenditures. Additional information on the
PEA and about the Company is available on www.sedar.com a n d o n t h e C o m p a n y ’ s w e b s i t e :
www.spanishmountaingold.com
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Larry Yau
Chief Executive Officer
Inquiries:
SPANISH MOUNTAIN GOLD LTD.
Phone: (604) 601‐3651
E‐mail: [email protected]
Website: www.spanishmountaingold.com
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.