VANCOUVER, BC, June 27,
2024 /CNW/ - 1911 Gold Corporation ("1911
Gold" or the "Company") (TSXV: AUMB) (OTCBB: AUMBF) is
pleased to announce the results of its 2024 Annual General and
Special Meeting (the "Meeting") of shareholders held on
Wednesday, June 26, 2024, in
Vancouver, Canada. Shareholders
holding 58,765,642 common shares, or 43.7% of the outstanding
common shares of the Company were represented in person or by proxy
at the Meeting and voted in favour of all matters brought before
the Meeting:
- Electing each management-nominated director;
- Appointing Baker Tilly WM LLP as the Company's auditor;
- An ordinary resolution approving the Company's new long-term
incentive plan;
- An ordinary resolution of disinterested shareholders approving
the creation of a new Control Person.
A summary of the results for the election of 1911 Gold's Board
of Directors is provided below:
Nominee
|
Votes
For
|
Votes
Withheld
|
Number
|
%
|
Number
|
%
|
1. Elect Gary O'Connor as Director
|
53,665,904
|
99.39
|
327,414
|
0.61
|
2. Elect Michael Hoffman as Director
|
53,716,949
|
99.49
|
276,369
|
0.51
|
3. Elect Shaun Heinrichs as Director
|
53,724,768
|
99.50
|
268,550
|
0.50
|
4. Elect Blair Schultz as Director
|
53,727,754
|
99.51
|
265,564
|
0.49
|
Blair Schultz joins as a new
director to the Company at this years Meeting. Blair brings over 25
years of experience in financial, operational, project finance and
capital markets experience. He is an experienced director who began
his career at one of Canada's top
hedge funds, K2 and Associates Investment Management Inc. He was
Vice President and held various positions most notably, Head of
Special Situations, Portfolio Management and Trading.
James Haggarty and Shastri Ramnath, previously directors of the
Company since July 2018 and
March 2019, respectively, did not
stand for re-election at this years AGSM.
"On behalf of the company and shareholders, I would like to
thank both James and Shastri for all their invaluable contributions
to 1911 Gold over the past several years. They have both been
important members of the Board, providing the Company with the
benefit of their unique skill sets and experience. We wish them
well." Gary O'Connor, Executive
Chairman commented, "I would also like to welcome Blair to the
Board, and look forward to working closely with him and leveraging
his experience from when he was part of the Klondex Mines Ltd. team
that transitioned 1911 Gold to a separate public company and helped
guide the board during those early years."
About 1911 Gold Corporation
1911 Gold is a junior explorer that holds a highly prospective,
consolidated land package totalling more than 63,000 hectares
within and adjacent to the Archean Rice Lake greenstone belt in
Manitoba, and also owns the True
North mine and mill complex at Bissett,
Manitoba. 1911 Gold believes its land package is a prime
exploration opportunity, with potential to develop a mining
district centred on the True North complex. The Company also owns
the Apex project near Snow Lake,
Manitoba and the Denton-Keefer project near Timmins, Ontario, and intends to focus on
organic growth and accretive acquisition opportunities in
North America.
1911 Gold's True North complex and exploration land package are
located within the traditional territory of the Hollow Water First
Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks
forward to maintaining open, co-operative and respectful
communication with the Hollow Water First Nation, and all local
stakeholders, in order to build mutually beneficial working
relationships.
ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
This news release may contain forward-looking statements. Often,
but not always, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or describes a "goal", or variation of such words and phrases or
state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
All forward-looking statements reflect the Company's beliefs and
assumptions based on information available at the time the
statements were made. Actual results or events may differ from
those predicted in these forward-looking statements. All of the
Company's forward-looking statements are qualified by the
assumptions that are stated or inherent in such forward-looking
statements, including the assumptions listed below. Although the
Company believes that these assumptions are reasonable, this list
is not exhaustive of factors that may affect any of the
forward-looking statements.
Forward-looking statements involve known and unknown risks,
future events, conditions, uncertainties and other factors which
may cause the actual results, performance or achievements to be
materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or
implied by the forward-looking statements. All statements that
address expectations or projections about the future, including,
but not limited to, statements with respect to the terms of the
Offering, the use of proceeds of the Offering, the timing and
ability of the Company to close the Offering, the timing and
ability of the Company to receive necessary regulatory approvals,
the tax treatment of the securities issued under the Offering, the
timing for the Qualifying Expenditures to be renounced in favour of
the subscribers, and the plans, operations and prospects of the
Company, are forward-looking statements. Although 1911 Gold has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
All forward-looking statements contained in this news release
are given as of the date hereof. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except in accordance with applicable securities
laws.
Neither 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.
SOURCE 1911 Gold Corporation