Mr. Phillip Walford reports
MARATHON GOLD ANNOUNCES RESULTS OF ANNUAL MEETING OF SHAREHOLDERS
Marathon Gold Corp. today released the results of voting at its annual meeting of shareholders held on June 7, 2017, in Toronto, Ont.
All of the director nominees set out in the management information circular dated April 28, 2017, were elected as directors to serve a one-year term. In addition, PricewaterhouseCoopers LLP was reappointed as the company's auditor for the fiscal year ending Dec. 31, 2017; all unallocated stock options under the company's stock option plan were approved for a period of three years, as required by the Toronto Stock Exchange; and the company's amended and restated shareholder rights plan was reconfirmed, ratified and approved for a period of three years.
Details of the voting are shown in the attached table.
Votes for of votes for Votes withheld
Proposal No. 1 -- election of directors
George D. Faught 52,094,871 98.31% 898,200
Phillip C. Walford 52,988,191 99.99% 4,880
Julian B. Kemp 52,704,691 99.46% 288,380
Joseph G. Spiteri 52,988,191 99.99% 4,880
Douglas H. Bache 52,706,691 99.46% 286,380
Proposal No. 2 -- reappointment of
PricewaterhouseCoopers LLP 60,044,444 99.50% 301,957
Votes for of votes for Votes against
Proposal No. 3 -- unallocated stock
Approval of all unallocated
stock options under stock
option plan and certain
amendments to the stock
option plan 43,725,521 82.51% 9,267,550
Proposal No. 4 -- amended and restated
shareholder rights plan
Approval of amended and
restated shareholder rights
plan 52,949,451 99.92% 43,620
The company's shareholders voted in favour of all matters brought before the meeting. The results of voting will be filed on SEDAR.
Marathon is a Toronto-based gold exploration company rapidly advancing its 100-per-cent-owned Valentine Lake gold property located in Newfoundland, one of the top mining jurisdictions in the world. The Valentine Lake gold property currently hosts four near-surface, mainly pit-shell-constrained deposits with measured and indicated resources totalling 1,388,200 ounces of gold at 1.91 grams per tonne and inferred resources totalling 766,500 ounces of gold at 2.24 grams per tonne. The majority of the resources occur in the Marathon and Leprechaun deposits, which also have resources below the pit shell. Both deposits are open to depth and on strike. Drilling in 2017 is continuing to focus on expanding the Marathon deposit at surface and to depth.
We seek Safe Harbor.
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