Mr. Keith Piggott reports
GOLDGROUP ANNOUNCES THE RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
Goldgroup Mining Inc. held its annual general and special meeting of shareholders in Vancouver, B.C., on July 11, 2018.
At the meeting, all director nominees listed in the company's management information circular dated June 6, 2018, were elected as directors of the company.
Common shares represented at the meeting: 51,828,618
Total issued and outstanding common shares as at record date: 185,136,689
Percentage of issued and outstanding common shares represented: 27.99 per cent
Matters voted upon Voting results
Number of directors Votes in favour Votes against
The fixation of the number of directors at five 21,210,236 (99.76%) 51,832 (0.24%)
(The number of directors was fixed at five.)
Election of directors Votes in favour Votes against
The election of the following nominees as
directors of the company for the ensuing year or
until their successors are appointed
Keith Piggott 21,088,520 (99.18%) 173,548 (0.82%)
Corry J. Silbernagel 21,075,020 (99.12%) 187,048 (0.88%)
Javier Reyes 21,074,920 (99.12%) 187,148 (0.88%)
Javier Montano 21,086,420 (99.17%) 175,648 (0.83%)
Harry Burgess 21,085,020 (99.17%) 177,048 (0.83%)
(Each of the five nominees proposed by management
was elected as a director of the company.)
Appointment of auditor Votes in favour Votes withheld
The appointment of Davidson & Company LLP,
chartered accountants, as the auditor of the
company and the authorization of the
directors to set its remuneration 51,250,287 (98.88%) 578,331 (1.12%)
(Davidson & Company LLP was reappointed as the
auditor of the company, and the directors
were authorized to set its remuneration.)
Stock option plan Votes in favour Votes against
The approval of the company's 2018 stock option
plan as more fully described under the section
regarding particular matters to be acted upon in
the company's management information circular 19,694,934 (92.63%) 1,567,134 (7.37%)
(The shareholders approved the company's new
2018 stock option plan.)
Ratification of granted options Votes in favour Votes against
The approval, with or without variation,
ratifying the 2.74 million stock options
granted by the company on Jan. 23, 2018, as
more fully described under section regarding
particular matters to be acted upon in the
company's management information circular 3,378,188* (69.87%) 1,457,051 (30.13%)
(The shareholders approved, with or without
variation, the 2.74 million stock options
granted by the company on Jan. 23, 2018.)
* Excluding 16,426,829 shares held by insiders.
The formal report on voting results with respect to all matters voted upon at the meeting has been filed on SEDAR.
About Goldgroup
Mining Inc.
Goldgroup is a Canadian-based gold production, development and exploration company with a significant upside in a portfolio of projects in Mexico and Ecuador, including a 50-per-cent interest in DynaResource de Mexico S.A. de C.V., which owns 100 per cent of the high-grade gold exploration project, San Jose de Gracia, located in the state of Sinaloa. The company operates its 100-per-cent-owned Cerro Prieto heap leach gold mine, located in the state of Sonora, Mexico, and is continuing the environmental assessment and permitting processes to advance to production the El Mozo property in Ecuador.
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