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Xtra-Gold Resources Corp
Symbol XTG
Shares Issued 46,704,117
Close 2020-06-25 C$ 0.64
Recent Sedar Documents

Xtra-Gold shareholders elect five directors at AGM

2020-06-26 09:42 ET - News Release

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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