TORONTO,
Dec. 14, 2012 /CNW/ - The Board of
Directors of Patagonia Gold PLC (TSX: PAT, AIM: PGD) announces that
a circular containing a notice of General Meeting ("GM"), to be
convened for 11:30 am on Tuesday, January 8, 2013 at the offices of
Lawrence Graham LLP, 4 More London Riverside, London SE1 2AU, is today being sent to
shareholders.
The purpose of the GM is to seek shareholder approval to renew
the Board's general authorities to allot shares and to disapply
statutory pre-emption rights, both of which were previously renewed
at the 2012 annual general meeting but substantially utilised as a
result of the recent placing and subscription.
The notice of GM and form of proxy, together with an explanatory
covering letter from the Chairman, is being posted to shareholders
today and can be downloaded from the Company's website at
www.patagoniagold.com.
About Patagonia Gold
Patagonia Gold Plc is an advanced mining
exploration company that seeks to grow shareholder value through
the acquisition, exploration and development of gold and silver
projects in the southern Patagonia region of Argentina. The Company is primarily focused on
the development of three projects: the flagship Cap-Oeste project,
the nearby COSE project and the Lomada heap leach project, which is
expected to begin generating free cash flow by 2013. Patagonia
Gold, indirectly through its subsidiaries or under option
agreements, has mineral rights to over 220 properties in several
provinces of Argentina and
Chile, and is one of the largest
landholders in the province of Santa
Cruz.
Patagonia Gold is listed on the Toronto Stock
Exchange (TSX) under the symbol PAT and has been listed on the AIM
market of the London Stock Exchange under the symbol PGD since
2003.
SOURCE Patagonia Gold plc