Golden Tag Announces Date of Annual General and Special Shareholder Meeting
Golden Tag Announces Date of Annual General and Special Shareholder
Meeting
TORONTO, June 30, 2020 -- Golden Tag Resources Ltd. (“Golden Tag ” or the "Company") (TSX.V: GOG) announces that it
will hold an annual and special meeting of shareholders (the “ Meeting ”) on August 4, 2020. The record date for the
shareholders entitled to vote at the Meeting has been set as at the close of business of June 22, 2020.
The board of directors of the Company proposes to adopt an amended and restated By-Law No. 1 – General Corporate By-
Law, relating to general corporate matters (the “ General By-Law ”), which rescinds and replaces the Company’s existing
general corporate by-law. The General By-Law, among other provisions, contains provisions to ensure that the Company’s by-
law remains consistent with evolving corporate laws and governance practices and guidelines. The General By-Law will
become effective upon confirmation by shareholders at the Meeting.
The board of directors of the Company has adopted a new 10% rolling incentive stock option plan (the “New Plan ”) to replace
the previous fixed number stock option. The New Plan is subject to the approval of the TSX Venture Exchange (the “ TSXV”)
and of shareholders of the Company at the Meeting. These items of business and related items of business will be described
in the information circular in respect of the Meeting to be posted under the Company’s profile on www.sedar.com.
On May 28, 2020, the Company announced that Mr. Greg McKenzie, President and Chief Executive Officer of the Company,
was granted certain one-year nomination rights under the Investment Agreement dated May 19, 2020, pursuant to which he
could appoint up to two directors of the Company. Mr. McKenzie has waived his rights to nominate a second director following
the appointment of Tom English as director. Further, Mr. McKenzie has waived his one-year right to appoint successor
directors (except with respect to his or Mr. Tom English’s successor).
Pursuant to its 2004 Incentive Stock Option Plan, as amended on June 30, 2008, the Company has granted 1,000,000
incentive stock options to certain Directors, who previously did not receive any awards, having an exercise price of $0.125
which vest over time and are exercisable for a period of up to 5 years.
Golden Tag Resources Ltd. is a junior exploration company exploring for high-grade silver deposits. The Company holds a
100% interest in the San Diego property in Durango State, Mexico. The San Diego property is located within the Velardeña
Mining District, the site of several mines having produced silver, zinc, lead and gold over the past century. For more
information regarding the San Diego property please visit our website at www.goldentag.ca. Golden Tag has no debt,
129,806,558 shares issued and outstanding, as well cash balances of approximately $2.1 million.
For additional information, please contact:
Greg McKenzie, President & CEO
Ph: 416-504-2024
Email: [email protected]
www.goldentag.ca
Cautionary Statement:
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 news release.
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking
statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words
to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may
be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since
forward-looking statements are based on assumptions and address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements are based on information currently available to the
Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties
and other factors involved with forward-looking information could cause actual events, results, performance, prospects and
opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking
information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, and estimates
of market conditions. Factors that could cause actual results to differ materially from such forward-looking information
include, but are not limited to the failure to implement and successfully complete exploration programs, failure to identify new
property acquisitions or operate new property acquisitions on a successful basis, the ability of the Company to counteract the
potential impact of the COVID-19 coronavirus on factors relevant to the Company’s business, delays in obtaining or failures to
obtain required shareholder and TSX Venture Exchange approvals, changes in equity markets, inflation, changes in exchange
rates, fluctuations in commodity prices, delays in the development of projects, and those risks set out in the Company’s
public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, undue reliance should not be placed on such information,
which only applies as of the date of this news release, and no assurance can be given that such events will occur in the
disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, other than as required by law.