Mr. James Longshore reports
XTRA-GOLD REPORTS VOTING RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
Xtra-Gold Resources Corp. has released the voting results of its annual general meeting of shareholders of the company held on June 25, 2020. A total of 32,504,948 common shares representing 69.86 per cent of the issued and outstanding shares of the company were voted at the AGM. Resolutions relating to the following matters were approved by a majority of the votes cast at the AGM.
Appointment of auditor
RBSM LLP, chartered accountants, were appointed as the auditor of the company for the ensuing year.
Election of directors
The number of directors to be elected to the board of directors of the company was set at five. The nominees proposed by management were elected as directors of the company to hold office until the next annual meeting of shareholders or until their successors are elected or appointed.
Director Votes for % Votes withheld %
Peter Minuk 30,585,933 99.86% 41,930 0.14%
James Schweitzer 30,544,933 99.73% 82,930 0.27%
James Longshore 30,585,933 99.86% 41,930 0.14%
Denis Laviolette 30,498,603 99.58% 129,260 0.42%
Hans Morsches 30,585,933 99.86% 41,930 0.14%
Victor Nkansa will continue in his role as chief financial officer.
Yves P. Clement, PGeo, will continue in his role as vice-president, exploration.
Stock option matters
The shareholders also voted 98.15 per cent in favour of the unallocated stock options to acquire common shares under the company's stock option plan. There are currently 2,426,000 options to acquire 2,426,000 common shares issued and outstanding under the option plan, representing 5.1 per cent of the company's issued and outstanding common shares.
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