VANCOUVER, July 7, 2017 /CNW/ - Goldgroup Mining Inc.
("Goldgroup" or the "Company") (TSX:GGA, OTC:GGAZF, BMV
SIX:GGAN.MX) held its annual general and special meeting of
shareholders in Vancouver, B.C. on
June 14, 2017.
At the meeting, all director nominees listed in the Company's
management information circular dated May
17, 2017, were elected as directors of the Company.
Common Shares
represented at the
Meeting:
|
19,246,544
|
|
|
Total issued and
outstanding Common Shares as at Record
Date:
|
185,136,689
|
|
|
Percentage of issued
and outstanding Common Shares represented:
|
10.4%
|
|
|
MATTERS VOTED
UPON
|
VOTING
RESULTS
|
1.
|
Number of
Directors
|
Votes in
Favour
|
Votes
Against
|
|
|
|
|
|
The fixation of the
number of directors at four.
|
19,199,782
(99.76%)
|
46,762
(0.24%)
|
The number of
directors was fixed at four (4)
|
2.
|
Election of
Directors
|
Votes in
Favour
|
Votes
Withheld
|
|
|
|
|
|
The election of the
following nominees as directors of the Company for the ensuing year
or until their successors are appointed:
|
|
|
|
|
|
|
|
|
|
Keith
Piggott
|
18,049,860
(93.78%)
|
1,196,684
(6.22%)
|
|
|
Corry J.
Silbernagel
|
19,074,226
(99.10%)
|
172,318
(0.90%)
|
|
|
Javier
Reyes
|
17,926,653
(93.14%)
|
1,319,891
(6.86%)
|
|
|
Javier
Montano
|
18,040,519
(93.73%)
|
1,206,025
(6.27%)
|
Each of the four
nominees proposed by management was elected as a director of the
Company.
|
3.
|
Appointment of
Auditors
|
Votes in
Favour
|
Votes
Withheld
|
|
|
|
|
|
The appointment of
Davidson & Company LLP, Chartered Accountants, as auditors of
the Company and the authorization of the directors to set their
remuneration.
|
19,216,719
(99.85%)
|
29,825
(0.15%)
|
Davidson &
Company LLP, Chartered Accountants, was re-appointed as the
auditors of the Company and the directors were authorized to set
their remuneration.
|
4.
|
Stock Option
Plan
|
Votes in
Favour
|
Against
|
|
|
|
|
|
The approval of the
Company's 2017 Stock Option Plan attached as Schedule "A" to the
Company's management information circular filed on SEDAR on May 10,
2017, and of all unallocated stock options thereunder.
|
17,971,226
(93.37%)
|
1,275,318
(6.63%)
|
The Shareholders
approved the Company's 2017 Stock Option Plan attached as Schedule
"A" to the Company's management information circular filed on SEDAR
on May 17, 2017, and all unallocated stock options
thereunder.
|
The formal report on voting results with respect to all matters
voted upon at the meeting has been filed on SEDAR.
About Goldgroup
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% interest
in DynaResource de Mexico, S.A. de
C.V., which owns 100% of the high-grade gold exploration project,
San José de Gracia located in the
State of Sinaloa. The Company
operates its 100%-owned Cerro
Prieto heap-leach gold mine, 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.
Goldgroup is led by a team of highly successful and seasoned
individuals with extensive expertise in mine development, corporate
finance, and exploration in Mexico
and Ecuador. Goldgroup's mission
is to increase gold production, mineral resources, profitability
and cash flow, with a view to building a leading gold producer.
For further information on Goldgroup, please
visit www.goldgroupmining.com
On behalf of the Board of Directors,
Mr. Keith
Piggott, Chairman and President
Tel:
1-520-247-5753
Investor Relations
Toll Free:
1-877-655-ozAu (6928)
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
INFORMATION
Certain information contained in this news release, including
any information relating to future financial or operating
performance (including future production and cost estimates), may
be considered "forward-looking information" (within the meaning of
applicable Canadian securities law) and "forward-looking
statements" (within the meaning of the United States Private
Securities Litigation Reform Act of 1995). These statements relate
to analyses and other information that are based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management. Actual results could differ materially
from the conclusions, forecasts and projections contained in such
forward-looking information. These forward-looking statements
reflect Goldgroup's current internal projections, expectations or
beliefs and are based on information currently available to
Goldgroup. In some cases forward-looking information can be
identified by terminology such as "may", "will", "should",
"expect", "intend", "plan", "anticipate", "believe", "estimate",
"projects", "potential", "scheduled", "forecast", "budget" or the
negative of those terms or other comparable terminology. Certain
assumptions may have been made regarding the Company's plans at the
Cerro Prieto project. Many of
these assumptions are based on factors and events that are not
within the control of Goldgroup and there is no assurance they will
prove to be correct. Forward-looking information is subject to a
variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to materially differ from
those reflected in the forward-looking information, and are
developed based on assumptions about such risks, uncertainties and
other factors including, without limitation: uncertainties related
to actual capital costs, operating costs and expenditures,
production schedules and economic returns from Goldgroup's
projects; uncertainties associated with development activities;
uncertainties inherent in the estimation of mineral resources and
precious metal recoveries; uncertainties related to current global
economic conditions; fluctuations in precious and base metal
prices; uncertainties related to the availability of future
financing; potential difficulties with joint venture partners;
risks that Goldgroup's title to its property could be challenged;
political and country risk; risks associated with Goldgroup being
subject to government regulation; risks associated with surface
rights; environmental risks; Goldgroup's need to attract and retain
qualified personnel; risks associated with potential conflicts of
interest; Goldgroup's lack of experience in overseeing the
construction of a mining project; risks related to the integration
of businesses and assets acquired by Goldgroup; uncertainties
related to the competitiveness of the mining industry; risk
associated with theft; risk of water shortages and risks associated
with competition for water; uninsured risks and inadequate
insurance coverage; risks associated with potential legal
proceedings; risks associated with community relations; outside
contractor risks; risks related to archaeological sites; foreign
currency risks; risks associated with security and human rights;
and risks related to the need for reclamation activities on
Goldgroup's properties, as well as the risk factors disclosed in
Goldgroup's Annual Information Form and MD&A. Any and all of
the forward-looking information contained in this news release is
qualified by these cautionary statements. Although Goldgroup
believes that the forward-looking information contained in this
news release is based on reasonable assumptions, readers cannot be
assured that actual results will be consistent with such
statements. Accordingly, readers are cautioned against placing
undue reliance on forward-looking information. Goldgroup expressly
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, events or otherwise, except as may be required by, and
in accordance with, applicable securities laws.
SOURCE Goldgroup Mining Inc.