2 Dec 2013 10:06
2 December 2013
SCOTGOLD RESOURCES LIMITED
("SCOTGOLD" OR "THE COMPANY")
RESULT OF ANNUAL GENERAL MEETING 28 NOVEMBER 2013
The company advises that the resolutions considered by shareholders at the Annual General Meeting of Scotgold Resources Limited held on 28 November 2013 were duly passed.
The results of the meeting were as follows:
1. Adoption of Remuneration Report Passed
2. Re-Election of Director - Mr P Jackson Passed
3. Approval of 10% Placement Facility Passed
4. Ratification of Unlisted Options - 7 December 2012 Passed
5. Ratification of Broker Options - 7 December 2012 Passed
6. Ratification of RMB Options - 9 April 2013 Passed
7. Ratification of Placement Shares - 16 September 2013 Passed
For the purposes of Section 251AA of the Corporations Act 2001 the company advises that each of the resolutions were passed on a show of hands.
Set out below is the proxy information required by Section 251AA.
In Favour | Against | Abstain | Proxy Discretion | |
Resolution 1 | 131,115,686 | 68,750 | 48,000 | 485,000 |
Resolution 2 | 133,635,378 | 13,750 | 48,000 | 485,000 |
Resolution 3 | 133,533,969 | 115,159 | 48,000 | 485,000 |
Resolution 4 | 133,580,378 | 68,750 | 48,000 | 485,000 |
Resolution 5 | 133,580,378 | 68,750 | 48,000 | 485,000 |
Resolution 6 | 133,588,969 | 60,159 | 48,000 | 485,000 |
Resolution 7 | 133,580,378 | 68,750 | 48,000 | 485,000 |
For further information please contact:
United Kingdom:
Scotgold Resources Limited | Westhouse Securities Limited | Bankside Consultants |
John Bentley (Chairman) Tel: + 44 (0)7785 921505
Chris Sangster (CEO)
| Richard Baty / Martin Davison | Simon Rothschild |
Tel: +44 (0)77 2562 9509 | Tel: +44 (0)20 7601 6100 | Tel +44 (0)20 7367 8888 |
Australia:
Scotgold Resources Limited | Professional Public Relations |
Peter Newcomb (Company Secretary)
| Belinda Newman |
Tel: +61 (8) 9222 5850
| Tel: +61 (8) 9388 0944 Mobile: +61 (0) 401 802 210 |
Background
Scotgold Resources
• Scotgold Resources is a mining exploration and development company listed on the Australian Securities Exchange in January 2008 and the AIM market of the London Stock Exchange in the UK in February 2010.
• The Company was formed with its sole focus on exploring for gold and silver in Scotland, with the already identified Cononish Gold and Silver Project as its core asset. Once in production, the Project will be Scotland's first commercial gold mine.
• The Company holds Crown options of some 4200km2 covering the highly prospective Dalradian terrain in the SW Grampians of Scotland
• Scotgold acquired the Cononish Gold and Silver Project in 2007 and has been working towards bringing the project to production in conjunction with its ongoing exploration efforts at Cononish and in the south west Grampians.
• In July 2011 Scotgold submitted its reapplication for planning permission, which was recommended for approval in October 2011 subject to finalizing conditions and various legal agreements
• In February 2012, the Decision Notice granting planning permission was issued by the Planning Authority and the Crown lease granted in May 2012