Newcore Gold Announces Results from Annual General Meeting

Rhea-AI Summary

Newcore Gold (TSX-V: NCAU, OTCQX: NCAUF) held its Annual General Meeting (AGM) on July 18, 2024, with shareholders voting in favor of all proposed resolutions. Key outcomes include:

1. Approval to set the number of directors at seven
2. Re-election of all incumbent directors
3. Approval of the company's new long-term incentive plan
4. Reappointment of PricewaterhouseCoopers LLP as auditors

The meeting saw participation from 73,006,572 common shares, representing 39.67% of Newcore's total issued and outstanding shares as of the record date.

Positive

• Shareholders approved all proposed resolutions
• Approval of new long-term incentive plan
• 39.67% of total shares participated in the voting process

Negative

• None.

VANCOUVER, British Columbia, July 18, 2024 (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 ("AGM") of Shareholders held on July 18, 2024. Shareholders voted in favour of all resolutions set out in the Company’s Notice of Meeting and Information Circular, dated June 15, 2024.

Shareholders voted in favour of setting the number of directors at seven and the following incumbent directors were re-elected as directors for the ensuing year: Douglas B. Forster, Blayne Johnson, Luke Alexander, Omaya Elguindi, Ryan King, George Salamis and Michael Vint. The shareholders also approved the Company’s new long term incentive plan and 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 73,006,572 common shares were voted, representing 39.67% 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 20% equity ownership, and prime district scale exploration opportunities. Enchi’s 248 km² land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several multi-million-ounce gold deposits, including the 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 2023 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

When was Newcore Gold's Annual General Meeting held in 2024?

Newcore Gold's Annual General Meeting was held on July 18, 2024.

How many directors were elected to Newcore Gold's board at the 2024 AGM?

Seven directors were elected to Newcore Gold's board at the 2024 AGM.

What percentage of Newcore Gold's (NCAUF) shares were represented at the 2024 AGM?

39.67% of Newcore Gold's total issued and outstanding shares were represented at the 2024 AGM.

Who was appointed as the auditor for Newcore Gold at the 2024 AGM?

PricewaterhouseCoopers LLP was reappointed as the auditor for Newcore Gold at the 2024 AGM.