CAP Castle Peak Mining Ltd

Castle Peak Mining Ltd. ("Castle Peak" or "the Company") (TSX VENTURE:CAP) is
pleased to announce the results of its Annual General and Special Meeting of
shareholders (the "Meeting"), including the election of a new director, approval
of new "control persons" and an alteration to its articles of incorporation. 


RESULTS OF THE MEETING 

At the Meeting on Monday, April 30, 2012, Randy Smallwood, Brian Lock, Randal
Gindi, Peter Hawley, Darren Lindsay, Darryl Cardey and Allan Green were elected
as directors. In addition, all items put forth at the Meeting were approved by
the shareholders, including an ordinary resolution to ratify and approve the
amended stock option plan, two ordinary resolutions to approve the creation of
two new control persons, being Grizal Enterprises Inc. ("Grizal") and East China
Mineral Exploration & Development Bureau ("East China Mining"), and a special
resolution to amend the Company's articles of incorporation, all as set out in
the Company's Management Information Circular dated March 30, 2012, except as
noted below. 


NEW DIRECTOR ELECTED TO BOARD OF DIRECTORS

As noted above, Allan Green was elected to the Board of Directors by the
shareholders of the Company. Darren Lindsay, President and CEO, noted: "We are
pleased to have Allan join the Castle Peak Board of Directors. As President and
owner of Consellior SAS, Allan has developed strong relationships within
European financial institutions. His experience with strategic advisory services
in the public and private sectors will also be beneficial as Castle Peak grows."


NEW CONTROL PERSONS

In the Meeting materials mailed to shareholders, the Company proposed two
ordinary resolutions to approve Grizal and Beijing Donia Resources Co., Ltd. and
its affiliates ("Beijing Donia") as "control persons", as required by the TSX
Venture Exchange ("TSXV"). Prior to the Meeting, the Company was advised that
East China Mining would be subscribing for up to 20.6% of the issued and
outstanding common shares of the Company on a partially-diluted basis pursuant
to the terms of the previously announced non-brokered private placement of units
and Beijing Donia would be subscribing for units representing 9.9% of the issued
and outstanding common shares of the Company on a partially-diluted basis. After
discussions with the TSXV, the Company presented a proposed amendment to the
resolutions submitted to shareholders at the Meeting to reflect East China
Mining as the control person, rather than Beijing Donia and its affiliates. The
full text of the resolutions, as amended, has been posted on the Company's
website at www.castlepeakmining.com. At the Meeting, the shareholders approved
the creation of two new control persons, being Grizal and East China Mining.
With shareholder approval, the Company can move towards closing its previously
announced brokered private placement with Grizal and the non-brokered private
placement with Beijing Donia and East China Mining. 


ALTERATION OF COMPANY'S ARTICLES

The shareholders passed a special resolution to amend the Company's articles of
incorporation to set the threshold for approval of special resolutions at 66
2/3%. 


About Castle Peak

Castle Peak Mining Ltd. is a Canadian-based exploration and development company
focused on advancing greenfield and early stage gold projects. The Company holds
a strategic land package in the Ashanti belt adjacent to several producing gold
mines in Ghana, West Africa. The Ashanti belt is known as one of the most
prolific gold belts in the world with over 150 million proven ounces uncovered
and current investment in excess of $3.3B USD. 


On behalf of the Board of Castle Peak Mining Ltd.:

Darren Lindsay, President & CEO

FORWARD-LOOKING STATEMENTS

Except for statements of historical fact, this news release contains certain
'forward-looking information' and 'forward-looking statements' within the
meaning of applicable securities laws including statements regarding the
anticipated timing and closing of the brokered private placement and
non-brokered private placement. Such forward-looking statements are based on the
opinions and estimates of management at the date the statements are made, and
are subject to known and unknown risks, uncertainties and assumptions that could
cause actual results to vary materially from the anticipated results or events
predicted in these forward-looking statements, including those risk factors
identified in the Company's Annual MD&A and Filing Statement filed under the
Company's SEDAR profile. As a result, readers are cautioned not to place undue
reliance on these forward-looking statements. The forward-looking statements
contained in this news release are made as of the date of this release. Except
as required by applicable law, Castle Peak disclaims any intention and assumes
no obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

Castle Peak Mining (TSXV:CAP)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Castle Peak Mining (TSXV:CAP)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024