Newcore Gold Announces Results from Annual General Meeting

Rhea-AI Summary

Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) announced favorable voting results from its Annual General Meeting held on July 13, 2022. Shareholders approved all resolutions, including re-electing nine directors and appointing PricewaterhouseCoopers LLP as auditors for the upcoming year. A total of 48,571,595 common shares were voted, representing 40% of the company's total share issuance. Newcore Gold continues to advance its Enchi Gold Project in Ghana and aims to maximize returns for its shareholders.

Positive

• All shareholder resolutions passed at the AGM.
• Re-election of all nine incumbent directors strengthens company stability.
• PricewaterhouseCoopers LLP reappointed as auditors, ensuring reliable financial oversight.

Negative

• None.

VANCOUVER, British Columbia, July 13, 2022 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to report the voting results from its Annual General Meeting of Shareholders held on July 13, 2022. Shareholders voted in favour of all resolutions set out in the Company’s Notice of Meeting and Information Circular, dated June 14, 2022.

Shareholders voted in favour of setting the number of directors at nine and the following incumbent directors were re-elected as directors for the ensuing year: Douglas B. Forster, Blayne Johnson, Luke Alexander, Omaya Elguindi, Edward Farrauto, Douglas Hurst, Ryan King, George Salamis, and Michael Vint. The shareholders also approved the reappointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year at a remuneration to be fixed by the directors. A total of 48,571,595 common shares were voted, representing 40% of the Company’s total shares issued and outstanding as at the record date of the meeting.

About Newcore Gold Ltd.

Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold producer ⁽¹⁾. Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 24% equity ownership, and prime district scale exploration opportunities. Enchi’s 216 km² land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several 5 million-ounce gold deposits, including Kinross’ Chirano mine 50 kilometers to the north. Newcore’s vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.

^{(1) Source: Production volumes for 2020 as sourced from the World Gold Council}

On Behalf of the Board of Directors of Newcore Gold Ltd.

Luke Alexander
President, CEO & Director

For further information, please contact:

Mal Karwowska | Vice President, Corporate Development and Investor Relations
+1 604 484 4399
info@newcoregold.com
www.newcoregold.com  

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.

 

FAQ

What were the results of Newcore Gold's Annual General Meeting on July 13, 2022?

All resolutions were passed, including the re-election of nine directors and the reappointment of auditors.

How many shares were voted at Newcore Gold's AGM?

A total of 48,571,595 common shares were voted, representing 40% of the total shares issued.

Who were re-elected as directors at Newcore Gold's AGM?

The nine re-elected directors include Douglas B. Forster, Blayne Johnson, Luke Alexander, and others.

What is the significance of Newcore Gold's Enchi Gold Project?

Enchi Gold Project is in Ghana's prolific gold belt, offering strategic exploration and investment opportunities.

What is Newcore Gold's stock symbol?

Newcore Gold trades under the stock symbol NCAUF on OTCQX.