Signal Gold Announces Results From Annual General Meeting of Shareholders

Rhea-AI Summary

Signal Gold has announced that all resolutions at its annual general meeting held on May 23, 2024, were passed. The elected directors are Kevin Bullock, George Furey, P.E. (Ted) Kavanagh, Lewis Lawrick, Mary-Lynn Oke, and Ian Pritchard.

The reappointment of PricewaterhouseCoopers LLP as auditors was also approved. Signal Gold is advancing its Goldboro Gold Project in Nova Scotia, which has an 11-year LOM and an annual gold production of 100,000 ounces. The project received environmental assessment approval in August 2022 and is awaiting further permits.

Positive

• All resolutions proposed at the annual general meeting were passed.
• The reappointment of PricewaterhouseCoopers LLP as auditors for the ensuing year was approved.
• The Goldboro Gold Project has an 11-year LOM with an average annual gold production of 100,000 ounces.
• The project received environmental assessment approval in August 2022.
• The company has submitted all key permits for the Goldboro Project.

Negative

• Kevin Bullock received 15.81% withheld votes.
• George Furey received 32.988% withheld votes.
• Ian Pritchard received 34.773% withheld votes.

TORONTO, ON / ACCESSWIRE / May 23, 2024 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce that all resolutions proposed to shareholders at the annual general meeting held today were duly passed.

All the nominees listed in the management information circular for the meeting were elected as directors of the Company. Detailed results of the vote for the election of directors are set out below.

Nominee	Votes For	% For	Votes Withheld	% Withheld
Kevin Bullock	63,146,423	84.181	11,866,586	15.819
George Furey	50,268,089	67.012	24,744,920	32.988
P.E. (Ted) Kavanagh	66,860,234	89.132	8,152,775	10.868
Lewis Lawrick	61,726,736	82.288	13,286,273	17.712
Mary-Lynn Oke	65,474,828	87.285	9,538,181	12.715
Ian Pritchard	48,928,728	65.227	26,084,277	34.773

In addition, PricewaterhouseCoopers LLP was reappointed as the Company's auditors for the ensuing year and the directors were authorized to fix their remuneration.

For detailed voting results on each resolution, please refer to the Company's Report of Voting Results filed on SEDAR+ at www.sedarplus.com.

ABOUT SIGNAL GOLD

Signal Gold is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study which demonstrates an approximately 11-year open pit life of mine ("LOM") with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold. (Please see the ‘NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia' on January 11, 2022, for further details). On August 3, 2022, the Goldboro Project received its environmental assessment approval from the Nova Scotia Minister of Environment and Climate Change, a significant regulatory milestone, and the Company has now submitted all key permits including the Industrial Approval, Fisheries Act Authorization and Schedule II Amendment, and the Mining and Crown Land Leases. The Goldboro Project has significant potential for further Mineral Resource expansion, particularly towards the west along strike and at depth, and the Company has consolidated 27,200 hectares (~272 km²) of prospective exploration land in the Goldboro Gold District.

FOR ADDITIONAL INFORMATION CONTACT

Signal Gold Inc. Kevin Bullock President and CEO (647) 388-1842 kbullock@signalgold.com

Reseau ProMarket Inc. Dany Cenac Robert Investor Relations (514) 722-2276 x456 Dany.Cenac-Robert@ReseauProMarket.com

SOURCE: Signal Gold Inc.

View the original press release on accesswire.com

FAQ

What were the results of the Signal Gold annual general meeting?

All resolutions proposed were passed and the directors were elected.

Who were elected as directors of Signal Gold in May 2024?

The elected directors were Kevin Bullock, George Furey, P.E. (Ted) Kavanagh, Lewis Lawrick, Mary-Lynn Oke, and Ian Pritchard.

Which company was reappointed as auditors for Signal Gold?

PricewaterhouseCoopers LLP was reappointed as the company's auditors.

What is the LOM and annual gold production for the Goldboro Gold Project?

The Goldboro Gold Project has an 11-year LOM with an average gold production of 100,000 ounces per annum.

When did the Goldboro Project receive environmental assessment approval?

The project received environmental assessment approval in August 2022.