Caracal Gold PLC Results of General Meeting (4015P)

TIDMGCAT

RNS Number : 4015P

Caracal Gold PLC

09 October 2023

Caracal Gold plc

('Caracal' or the 'Company')

Results of General Meeting

Caracal Gold plc, the expanding East African gold producer with over 1,300,000oz JORC-compliant gold resources, is pleased to announce that all resolutions proposed to shareholders at the General Meeting ("General Meeting") held at 4.45pm on Friday 6(th) October 2023 were duly passed on a show of hands.

The proxy votes received in relation to these resolutions were as follows:

 
 Resolution                 Total Shares                                            Shares 
                             Voted 
                                                             For        % of votes     Against      % of     Withheld 
                                                                                                    votes 
                           --------------------------  --------------  -----------  ------------  -------  ----------- 
 Ordinary Resolution: 
  1. To authorise 
  the Directors 
  of Caracal to 
  allot securities 
  up to an aggregate 
  nominal amount 
  of GBP1,068,376.08.                     425,492,788     416,421,462   98.43%         6,628,989   1.57%     2,442,337 
                           --------------------------  --------------  -----------  ------------  -------  ----------- 
 Special Resolution: 
  2. To empower 
  the Directors 
  of Caracal to 
  disapply statutory 
  pre-emption rights 
  to allot equity 
  securities for 
  cash on a 
  non-pre-emptive 
  basis.                                  425,492,788     415,753,282   98.28%         7,297,169   1.72%     2,442,337 
                           --------------------------  --------------  -----------  ------------  -------  -----------

A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" any of the resolutions.

**ENDS**

 
 Caracal Gold plc 
  Simon Grant Rennick 
  Robbie McCrae                        robbie@kilimapesa.com 
 VSA Capital Limited 
  Financial Adviser and Broker 
  Andrew Raca (Corporate Finance)    +44 203 005 5000 
                                    ------------------------ 
 DGWA, the German Institute for      info@dgwa.org 
  Asset and 
  Equity Allocation and Valuation 
  European Investor and Corporate 
  Relations Advisor 
  Katharina Löckinger 
                                    ------------------------

Notes:

Caracal Gold plc is an expanding East African focused gold producer with a clear path to grow production and resources both organically and through strategic acquisitions. Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz. The company is progressing a well-defined mine optimisation strategy at its 100% owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion potential and the ability to increase gold production to 24,000oz p.a. and the resource to +2Moz (current JORC compliant resources of approx. 706,000oz). Alongside this, Caracal is undertaking a targeted exploration programme at the Nyakafuru Project in Tanzania, which has an established high-grade shallow gold resource of 658,751oz at 2.08g/t contained within four deposits over 280 km2 and appears amenable to development as a large scale conventional open pit operation.

Caracal's experienced team has a proven track record in successfully developing and operating mining projects throughout Africa.

The Company is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates. It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families' health, safety, and wellbeing.

Caracal's shares are quoted on the Main Market of the London Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK). The Company is also in the process of listing on the Nairobi Securities Exchange.

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END

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October 09, 2023 03:32 ET (07:32 GMT)

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