Newcore Gold Announces Results from Annual General Meeting

Rhea-AI Summary

Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) announced the results of its Annual General Meeting held on June 29, 2021. Shareholders approved all resolutions, including setting the board size at nine and re-electing incumbent directors. A total of 49,499,830 shares were voted, representing 50% of the total shares outstanding. The reappointment of PricewaterhouseCoopers LLP as auditors was also confirmed. Newcore is advancing its Enchi Gold project in Ghana, an area rich in gold deposits, with a focus on maximizing shareholder returns through responsive management.

Positive

• Approval of all resolutions at the Annual General Meeting.
• Re-election of a strong and experienced board of directors aligned with shareholders.
• Solid shareholder participation with 50% of shares voted.
• Continued development of the Enchi Gold project in a prolific gold region.

Negative

• None.

VANCOUVER, British Columbia, June 29, 2021 (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 June 29, 2021. Shareholders voted in favour of all resolutions set out in the Company’s Notice of Meeting and Information Circular, dated May 21, 2021.

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 49,499,830 common shares were voted, representing 50.0% 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 32% 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 2019 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 outcomes of Newcore Gold's June 2021 Annual General Meeting?

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

What is the significance of the Enchi Gold project for Newcore Gold Ltd.?

The Enchi Gold project is advancing in a high-potential gold region, which can maximize shareholder returns.

How many shares were voted at Newcore Gold's 2021 AGM?

49,499,830 common shares were voted, representing 50% of total shares outstanding.

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

Directors re-elected include Douglas B. Forster, Blayne Johnson, and Luke Alexander among others.