Last checked at 23 Jan 2015 08:11
23 January 2015
SolGold Plc
("SolGold" or the "Company")
Announcement to London Stock Exchange
Results of Annual General Meeting
SolGold plc (AIM: SOLG) confirms that all resolutions put to shareholders were duly passed by a show of hands at the Company's Annual General Meeting, held on 23 January 2015 in Brisbane, Australia.
A breakdown of proxy votes is set out below:
Votes for (1) | % (2) | Votes against | % (2) | Abstain (3) | |||
Ordinary Business | |||||||
1. To receive the Company's financial statements and the report of the Directors and auditors for the year ended 30 June 2014. | 125,981,313 | 100% | - | - | 35,000 | ||
2. To re-appoint Brian Moller as a Director of the Company. | 125,978,299 | 100% | 3,014 | - | 35,000 | ||
3. To re-appoint John Bovard as a Director of the Company. | 125,978,299 | 100% | 3,014 | - | 35,000 | ||
4. To re-appoint BDO (UK) LLP as auditors of the Company to hold office from the conclusion of the meeting to the conclusion of the next meeting at which the accounts are laid before the Company at a remuneration to be determined by the Directors. | 125,978,299 | 100% | 3,014 | - | 35,000 | ||
5. That the Directors be generally and unconditionally authorised in accordance with section 551 of the Companies Act 2006 (the 'Act') to allot shares in the Company or grant rights to subscribe for or to convert any securities into shares in the Company up to a maximum aggregate nominal amount of £2,000,000. | 125,940,647 | 99.96% | 44,767 | 0.04% | 30,899 | ||
Special Business | |||||||
6. That, subject to and conditional on the passing of Resolution 5, the Directors be empowered pursuant to section 570 of the Act to allot equity securities (within the meaning of section 560 of the Act) for cash as if section 561(1) of the Act did not apply. | 125,975,647 | 99.99% | 9,767 | 0.01% | 30,899 | ||
Notes:
(1) Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
(2) As a percentage of the aggregate of votes "for" plus votes "against".
(3) An abstention is not counted towards the votes cast "for" or "against" a resolution.
By order of the Board
Karl Schlobohm
Company Secretary
Contacts:
Mr Alan Martin
SolGold Plc (CEO and Managing Director) Tel: +61(0)488 223 828
amartin@solgold.com.au
Mr Nicholas Mather Tel: +61 (0)7 3303 0665
SolGold Plc (Executive Director)
nmather@solgold.com.au
Mr Karl Schlobohm Tel: +61 (0)7 3303 0661
SolGold Plc (Company Secretary)
kschlobohm@solgold.com.au
Mr Ewan Leggat / Ms Katy Birkin Tel: +44 (0)20 3463 2260
SP Angel Corporate Finance LLP (Nomad and Broker)
Ewan.leggat@spangel.co.uk
Mr Dominic Barretto / Ms Anna Legge Tel: +44 (0)20 3664 4087
Yellow Jersey PR Limited (Financial PR)
dominic@yellowjerseypr.com
NOTES TO EDITORS
SolGold's exploration projects are located in northern Ecuador, Australia, and the Solomon Islands. In Ecuador, they consist of a joint venture with Cornerstone Capital Resources Inc. on the Cascabel copper-gold project. In Australia, SolGold holds 100% of the Rannes, Mt Perry, Cracow West and Normanby Projects, all in southeast Queensland. In the Solomon Islands they comprise the Fauro Project (located on Fauro Island), and the Lower Koloula, Malukuna and Kuma licenses, which are located on Guadalcanal.
The Cascabel copper-gold project is located approximately 180 km by sealed road north of Ecuador's capital, Quito, 20 km south of the Colombian border, and 75 km inland from the coastal city of San Lorenzo. At the Rannes project SolGold has announced indicated and inferred resources of 18.7 million tonnes at 0.9 g/t gold equivalent (gold + silver) for 550,146 ounces of gold equivalent (296,657 ounces of gold and 10,137,736 ounces of silver; see announcement dated 23 May 2012 for details of the resource statement and gold equivalent ratios). The Rannes project is currently under review.
In the Solomon Islands, a soil geochemical survey and 3D modelling of magnetic data has been approved at Kuma.
SolGold's objective is to create substantial shareholder value by discovering and defining world-class copper-gold deposits.
SolGold's Board includes accomplished professionals with strong track records in the areas of exploration, mine development, investment, finance and law. Board and Management have significantly vested interests in the Company, holding approximately 14% of its issued share capital.
SolGold is based in Brisbane, Queensland, Australia. The Company listed on London's AIM Market in 2006, under the AIM code 'SOLG' and currently has a total of 685,745,030 fully paid ordinary shares, 12,820,000 options exercisable at 50p, 12,730,000 options exercisable at 28p and 9,730,000 options exercisable at 14p.