Uragold Annual General Meeting Results and Silica Update
June 23 2014 - 9:32AM
Access Wire
Montreal, Quebec / ACCESSWIRE / June 23 2014
/ Uragold Bay Resources Inc. ("Uragold") (TSX Venture: UBR)
is pleased to
announce the voting results of its Annual General Meeting held on
June 18, 2014 in Montreal, at the offices of McCarthy
Tetrault.
A total of
9,721,500 shares, representing 17.9 per cent of the issued capital,
were voted at the meeting. No shares or proxies were disqualified.
Shareholders voted to re-elect the Company's five (5) member Board
of Directors, and reappoint Raymond Chabot Grant
Thornton as auditors.
The votes were as
follow:
-----------------------------------------------------
|Election of Directors |
|---------------------------------------------------|
| | | | | |
|---------------------------------------------------|
|Nominee | Voted |% |Withheld|% |
| |For | | | |
|---------------------------------------------------|
|Bernard J. Tourillon| 9,168,476|94.3%| 553,024|5.7%|
|---------------------------------------------------|
|Noelle Drapeau | 9,455,480|97.3%| 266,020|2.7%|
|---------------------------------------------------|
|Patrick Levasseur | 9,168,476|94.3%| 553,024|5.7%|
|---------------------------------------------------|
|Robert Robitaille | 9,455,480|97.3%| 266,020|2.7%|
|---------------------------------------------------|
|Richard Mimeau | 9,455,480|97.3%| 266,020|2.7%|
|---------------------------------------------------|
| | | | | |
|---------------------------------------------------|
|Appointment of Auditors |
|---------------------------------------------------|
|RCGT | 9,455,480|97.3%| 266,011|2.7%|
-----------------------------------------------------
Patrick
Levasseur, Uragold President and COO,
remarks: "I would like to thank all voting shareholders for their
overwhelming vote of confidence in Management's efforts to develop
two gold mines in the Beauce region of Quebec and the development
of our new silica properties"
Mr. Levasseur
also stated, "I would also like to congratulate FerroAltantica for choosing
Port-Cartier, Quebec for the location of it new Silicon Metal
plant. We are very excited about the potential development of the
Silicon Metal industry in Quebec and are proud to be able to
participate in its growth with such a strong portfolio of high
assets." Mr. Levasseur went on to say "the Company is looking
forward to beginning work on the highest priority targets in the
near future and confirming the numbers published in the May 22,
2014 news release." The news release can be viewed here:
http://www.uragold.com/pressreleases/60-052214.pdf.
About Uragold Bay Resources Inc.
Uragold Bay Resources is a
junior exploration company listed on the TSX Venture.
Uragold holds gold properties in Southern Quebec's Appalachian belt
and a strategic portfolio of high purity silica (+98.5% SiO2)
deposits and closed silicon metal mines in Quebec.
Uragold is implementing a
unique business model that calls for developing smaller-scale
mining projects, (Capex < C$10M with a starting LOM between to 3
to 7 year), which can generate high yield returns (IRR > 50%),
into mines in order to generate free cash flow to internally
finance growth and blue-sky exploration projects
Uragold will reach these goals
by developing Quebec's first placer mine in 50 years, the Beauce
Placer Project developing and, in partnership with
Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.
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.
For
further information contact
Bernard J. Tourillon,
Chairman and CEO
Patrick Levasseur, President and COO
Tel: (514) 846-3271
www.uragold.com
SOURCE: Uragold Bay Resources Inc
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