Toronto Venture Stock Exchange: FMAN
VANCOUVER, BC, June 23,
2022 /CNW/ - Freeman Gold Corp. (TSXV: FMAN)
(OTCQX: FMANF) (FSE: 3WU) ("Freeman" or the
"Company") is pleased to announce that at its meeting of
shareholders (the "Shareholders") held on June 22, 2022, Shareholders approved the
re-election of incumbent directors Paul
Matysek, Will Randall,
Bassam Moubarak, Simon Marcotte and Victor Cantore.
All other matters put forward before the Shareholders at the
meeting for consideration, including the re-appointment of Crowe
MacKay LLP, Chartered Professional Accountants, as auditor of the
Company at a remuneration to be fixed by the board of directors,
ratification of both the stock option plan and the restricted share
unit plan (the "RSU Plan") of the Company, as set out in the
Company's Management Information Circular dated May 4, 2022, and the proposed amendment to the
Articles of the Company to implement advance notice provisions,
were approved.
Subsequent to the meeting, the incumbent officers were
re-appointed, namely Paul Matysek as
Executive Chairman, Will Randall as
Chief Executive Officer and President, Bassam Moubarak as Chief Financial Officer and
Corporate Secretary, Dean Besserer
as Vice President, Exploration and Tom
Panoulias as Vice President, Corporate Development. In
addition, an aggregate of 150,000 restricted share units were
awarded, subject to the terms and conditions of the RSU Plan, to
the independent directors of the Company.
About the Company and Project
Freeman Gold Corp. is a mineral exploration company focused on
the development of its 100% owned Lemhi Gold property (the
"Project"). The Project comprises 30 square kilometres of
highly prospective land, hosting a near-surface oxide gold
resource. The pit constrained National Instrument 43-101 ("NI
43- 101") compliant mineral resource estimate is comprised of
749,800 oz gold ("Au") at 1.02 grams per tonne
("g/t") in 22.94 million tonnes (Indicated) and 250,300 oz
Au at 1.01 g/t Au in 7.83 million tonnes (Inferred). See the NI
43-101 technical report titled "Maiden Resource Technical Report
for the Lemhi Gold Project, Lemhi County,
Idaho, USA" with an effective date of June 1, 2021, and signing date of July 30, 2021, as prepared by APEX Geoscience
Ltd. and F. Wright Consulting Inc. available under the Company's
profile on SEDAR (www.sedar.com). The Company is focused on growing
and advancing the Project towards a production decision. The
technical content of this news release has been reviewed and
approved by Dean Besserer, P.Geo.,
VP Exploration of the Company and a Qualified Person as defined by
NI 43- 101.
On Behalf of the Company
William Randall
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements: This press release contains
"forward‐looking information or statements" within the meaning of
Canadian securities laws, which may include, but are not limited to
statements relating to further exploration and the Company's future
business plans. All statements in this release, other than
statements of historical facts that address events or developments
that the Company expects to occur, are forward-looking statements.
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects," "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" and similar expressions, or
that events or conditions "will", "would", "may", "could" or
"should" occur. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ from those in the
forward-looking statements. Such forward-looking information
reflects the Company's views with respect to future events and is
subject to risks, uncertainties, and assumptions. The reader is
urged to refer to the Company's reports, publicly available through
the Canadian Securities Administrators' System for Electronic
Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more
complete discussion of such risk factors and their potential
effects. The Company does not undertake to update forward‐looking
statements or forward‐looking information, except as required by
law.
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SOURCE Freeman Gold Corp.