Gold Terra Announces Annual General and Special Meeting Results and Grants Options
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Gold Terra Announces Annual General and Special Meeting Results
and Grants Options
June 13, 2022, Vancouver, B.C. – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0;
OTC QX: YGTFF) (“Gold Terra” or the “Company”) announces that all matters submitted to the
shareholders for approval as set out in the Company's Notice of Meeting and Information Circular
which were mailed to shareholders in connection with the meeting were approved at the
Company’s Annual General and Special Meeting held in Vancouver, BC, on June 7, 2022.
The shareholders elected Gerald Panneton (Chair), Louis Dionne, Patsie Ducharme , Laurie
Gaborit, Stuart Rogers, and Hellen Siwanowicz as directors of the Company for the forthcoming
year.
Shareholders approved the Company’s new 10% rolling stock option plan and the reappointment
of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as the auditor
of the Company for the ensuing year with their remuneration to be fixed by the board of directors.
In addition, the Company announces the grant of incentive stock options under the Company's
stock option plan to its officers, employees and consultants to purchase up to an aggregate of
943,750 treasury shares. The options are exercisable at a price of $0.24 per share for a period of
5 years and are subject to t he policies of the TSX Venture Exchange and the Company's stock
option plan which includes a vesting period beginning six months after issue for 25% of the
options, and 25% every six months following.
About Gold Terra’s Yellowknife City Gold Project
The Yellowknife City Gold (YCG) project encompasses 800 sq. km of contiguous land
immediately north, south and east of the City of Yellowknife in the Northwest Territories. Through
a series of acquisitions, Gold Terra controls one of the six major high -grade gold camps in
Canada. Bei ng within 10 kilometres of the City of Yellowknife, the YCG is close to vital
infrastructure, including all -season roads, air transportation, service providers, hydro -electric
power, and skilled tradespeople. Gold Terra is currently focusing its drilling o n the prolific
Campbell shear, where 14 Moz of gold has been produced, and most recently on the Con Mine
Option claims immediately south of the past producing Con Mine (1938-2003).
The YCG lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilometres of strike
length along the main mineralized shear system that host the former -producing high-grade Con
and Giant gold mines. The Company's exploration programs have successfully identified
significant zones of gold mineralization and multipl e targets that remain to be tested which
reinforces the Company's objective of re -establishing Yellowknife as one of the premier gold
mining districts in Canada.
Visit our website at www.goldterracorp.com.
For more information, please contact:
Gerald Panneton, Executive Chairman
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Mara Strazdins, Manager of Investor Relations
Phone: 1-778-897-1590 | 604-689-1749 ext 102
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 release.
Cautionary Note Regarding Forward-Looking Information
Certain statements made and information contained in this news release constitute "forward -
looking information" within the meaning of applicable securities legislation (" forward-looking
information"). Generally, this forward -looking information can, but not always, be identified by
use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or variations of such words and phrases or statements that certain actions, events,
conditions or results "will", "may", "could", "would", "might" or "will be t aken", "occur" or "be
achieved" or the negative connotations thereof.
All statements other than statements of historical fact may be forward -looking information.
Forward-looking information is necessarily based on estimates and assumptions that are
inherently subject to known and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance, or achievements of the Company to be materially
different from those expressed or implied by such forward -looking information. In particular, this
news release contains forward-looking information on the Company's objective of re-establishing
Yellowknife as one of the premier gold mining districts in Canada.
There can be no assurance that such statements will prove to be accurate, as the Company's
actual results and future events could differ materially from those anticipated in this forward -
looking information as a result of the factors discussed in the "Risk Factors" section in the
Company's most recent MD&A and annual information form available under the Company's profile
at www.sedar.com.
Although the Company has attempted to identify important factors that would cause actual results
to differ materially from those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. The forward-looking information
contained in this news release is based on information available to the Company as of t he date
of this news release. There can be no assurance that such statements will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such
statements. All of the forward -looking information contained in this news release is qualified by
these cautionary statements. Readers are cautioned not to place undue reliance on forward -
looking information due to the inherent uncertainty thereof. Except as required under applicable
securities legislation and regulations applicable to the Company, the Company does not intend,
and does not assume any obligation, to update this forward-looking information.