VANCOUVER, July 12, 2018 /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
July 11, 2018.
At the meeting, all director nominees listed in the Company's
management information circular dated June
6, 2018, were elected as directors of the Company.
Common Shares represented at the Meeting: 51,828,618
Total issued and outstanding Common Shares as at Record
Date: 185,136,689
Percentage of issued and outstanding Common Shares represented:
27.99%
MATTERS VOTED
UPON
|
VOTING
RESULTS
|
1.
|
Number of
Directors
|
Votes in
Favour
|
Votes
Against
|
|
|
|
|
|
The fixation of the
number of directors at five
|
21,210,236
(99.76%)
|
51,832
(0.24%)
|
The number of
directors was fixed at five (5)
|
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
|
21,088,520
(99.18%)
|
173,548
(0.82%)
|
|
|
Corry J.
Silbernagel
|
21,075,020
(99.12%)
|
187,048
(0.88%)
|
|
|
Javier
Reyes
Javier
Montano
|
21,074,920
(99.12%)
21,086,420
(99.17%)
|
187,148
(0.88%)
175,648
(0.83%)
|
|
|
Harry
Burgess
|
21,085,020
(99.17%)
|
177,048
(0.83%)
|
Each of the five
nominees proposed by management were 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.
|
51,250,287
(98.88%)
|
578,331
(1.12%)
|
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 2018 Stock Option Plan as more fully described under the
heading "Particular Matters to be Acted Upon" in the Company's
Management Information Circular.
|
19,694,934
(92.63%)
|
1,567,134
(7.37%)
|
The Shareholders
approved the Company's new 2018 Stock Option Plan attached as more
fully described under the heading "Particular Matters to be Acted
Upon" in the Company's Management Information
Circular.
|
5.
|
Ratification of
Granted Options
|
Votes in
Favour
|
Against
|
|
|
|
|
|
The approval with or
without variation, ratifying the 2,740,000 stock options granted by
the Company on January 23, 2018, as more fully described under the
heading "Particular Matters to be Acted Upon" in the Company's
Management Information Circular.
|
3,378,188*
(69.87%)
|
1,457,051
(30.13%)
|
The Shareholders
approved with or without variation, ratifying the 2,740,000 stock
options granted by the Company on January 23, 2018, as more fully
described under the heading "Particular Matters to be Acted Upon"
in the Company's Management Information Circular.
|
|
|
|
|
|
|
* Excluding
16,426,829 shares held by Insiders
|
|
|
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
SOURCE Goldgroup Mining Inc.