Austral Gold Announces 2024 Annual General Meeting Results

Rhea-AI Summary

Austral Gold announced successful results from its 2024 Annual General Meeting on May 27, 2024.

Shareholders approved all resolutions listed in the Notice of Meeting from April 28, 2024.

The meeting saw a strong voter turnout, with all resolutions passed via poll. Austral Gold, trading under the symbols AGD (ASX), AGLD (TSXV), and AGLDF (OTCQB), reaffirmed its strategic goals and commitments to shareholders.

Positive

• Shareholders passed all resolutions presented in the Notice of Meeting.
• Strong voter turnout indicated active shareholder engagement.
• Austral Gold reaffirmed its strategic goals and shareholder commitments.

Negative

• The press release lacked detailed financial data or forward-looking statements.
• No specific information on the implications of the resolutions for future business operations or stock performance.
• Absence of concrete figures or percentages related to company growth or profitability.

Sydney, Australia--(Newsfile Corp. - May 27, 2024) - Established gold producer Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) (Austral or the Company) advises that shareholders of the Company passed all resolutions in the Notice of Meeting dated 28 April 2024 at the General Meeting held today at 8:00am (AEST) by way of poll.

About Austral Gold

Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration and equity investments. Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets.

For more information, please visit the Company's website at www.australgold.com.

Neither 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.

Release approved by the Company Secretary of Austral Gold, Chelsea Sheridan. For additional information please contact:

Jose Bordogna
Chief Financial Officer
Austral Gold Limited
jose.bordogna@australgold.com
+61 466 892 307

Forward Looking Statements

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward- looking statements. Forward-looking statements in this news release include Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets.

All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, uncertainty of exploration programs, development plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets especially in light of the effects of the novel coronavirus, uncertainty in the measurement of mineral resources and reserves and other risks and hazards related to the exploration of a mineral property, and the availability of capital. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Austral cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and Austral does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

Austral Gold Limited

Annual General Meeting
Tuesday, 28 May 2024
Results of Meeting

The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2.

Resolution details		Instructions given to validly appointed proxies (as at proxy close)				Number of votes cast on the poll (where applicable)			Resolution Result
Resolution	Resolution Type	For	Against	Proxy's Discretion	Abstain	For	Against	Abstain*	Carried / Not Carried
1 Adoption of the Remuneration Report	Ordinary	13,392,404 82.58%	2,653,824 16.36%	171,078 1.06%	463,722,383	13,563,482 83.22%	2,734,570 16.78%	463,722,383	Carried
2 Re-election of Director - Mr Eduardo Elsztain	Ordinary	479,207,123 99.85%	591,755 0.12%	111,078 0.03%	29,733	479,918,201 99.86%	672,501 0.14%	29,733	Carried
3 Re-election of Director - Mr Saul Zang	Ordinary	478,895,487 99.79%	883,391 0.18%	131,078 0.03%	29,733	479,626,565 99.80%	964,137 0.20%	29,733	Carried
4 Re-election of Director - Mr Pablo Vergara Del Carril	Ordinary	478,915,769 99.79%	883,109 0.18%	111,078 0.03%	29,733	479,626,847 99.80%	963,855 0.20%	29,733	Carried
5 Re-election of Director - Mr Robert Trzebski	Ordinary	479,213,898 99.85%	584,980 0.12%	111,078 0.03%	29,733	479,924,976 99.86%	665,726 0.14%	29,733	Carried
6 Re-election of Director - Mr Ben Jarvis	Ordinary	479,288,898 99.86%	509,980 0.11%	111,078 0.03%	29,733	479,999,976 99.88%	590,726 0.12%	29,733	Carried
7 Approve 10% Capacity to Issue Equity Securities	Ordinary	476,364,227 99.39%	2,719,548 0.57%	171,078 0.04%	684,836	477,135,305 99.42%	2,800,294 0.58%	684,836	Carried

 

* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210730

FAQ

What were the results of the 2024 Annual General Meeting for Austral Gold (AGLDF)?

All resolutions listed in the Notice of Meeting were passed by shareholders.

When did Austral Gold hold their 2024 Annual General Meeting?

The meeting was held on May 27, 2024.

How were the votes cast at Austral Gold's 2024 Annual General Meeting?

Votes were cast by way of poll.

What stock symbols does Austral Gold trade under?

Austral Gold trades under AGD on ASX, AGLD on TSXV, and AGLDF on OTCQB.

Were all resolutions passed at Austral Gold's 2024 Annual General Meeting?

Yes, all resolutions were passed.