Trans Canada Gold Reports Voting Results From the 2024 Annual General Meeting

Rhea-AI Summary

Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) held its Annual Meeting on December 19th, 2024, where shareholders voted on key matters. 43.81% of common shares (22,473,049) voted in favor of director nominees. Shareholders approved the reappointment of Dale Matheson Carr-Hilton Labonte LLP as auditors and the amended 10% rolling stock option plan.

The amended stock option plan includes new provisions requiring TSXV approval for share capital adjustments and disinterested shareholder approval for insider option extensions. The plan maintains a rolling 10% limit of the Company's issued and outstanding share capital at grant date.

Trans Canada Gold is an Oil & Gas Resource Development and Mineral Exploration Company focused on developing conventional heavy oil exploration properties in Alberta, Canada, working with partners like Croverro Energy

Positive

• Company maintains a flexible 10% rolling stock option plan
• Strong shareholder participation with 43.81% of shares voted

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / December 20, 2024 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company") is pleased to announce the voting results from the Company's Annual Meeting of shareholders held on December 19^th, 2024 (the "Meeting"). A total of 22,473,049 common shares or 43.81% of the common shares were voted in favor of the election of all director nominees.

The re-appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, was also approved by the shareholders.

The Company further announces that its shareholders have approved the Company's amended 10% rolling stock option plan at the Meeting. The principal amendments to the stock option plan ensure compliance with the revised Policy 4.4 of the TSX Venture Exchange ("TSXV") and include: (i) that share capital adjustments are subject to the prior approval of the TSXV, except where they relate to share consolidations or splits; and (ii) disinterested shareholder approval is required for any extension to stock options granted to individuals that are insiders at the time of the proposed amendment.

The maximum number of common shares which may be issued under the stock option plan is 10% of the Company's issued and outstanding share capital at the date of grant. The stock option plan has a "rolling" limit, as the number of common shares reserved for issuance pursuant to the grant of stock options will automatically increase as the Company's issued and outstanding share capital increases. The limit includes outstanding stock options previously granted.

ABOUT TRANS CANADA GOLD CORP. - OIL AND GAS PRODUCTION/REVENUE PRODUCING WELLS
The Company is a discovery focused Oil & Gas Resource Development and Mineral Exploration Company that is currently focused on developing and drilling its' production of conventional heavy oil exploration properties, increasing production capabilities, and increasing future oil production revenues through responsible exploration. The Company identifies, acquires and finances with its working interest partners, the ongoing development of oil and gas assets primarily situated in Alberta Canada. The Company has qualified Senior exploration management and Geological teams of professionals, seasoned in exploration production, field exploration and drilling. The Company currently works with Croverro Energy Ltd., who has demonstrated proficiency, expected of an experienced oil and gas technical team that has proven oil production, and revenue success with large multi-lateral wells currently under their supervision. The Company has the necessary manpower in place to develop its natural resource properties and manage its production properties. The Company is committed to minimizing risk through selective property acquisitions, and responsible exploration drilling, and maximizing long term petroleum and natural gas resource assets.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Trans Canada Gold Corp.
Tel: (604) 681-3131
astar@telus.com
www.transcanadagold.com

or

Christian Timmins, Director
Trans Canada Gold Corp.
Tel: (403) 597-3410

Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information
Chris Timmins
Director
ctimmins29@gmail.com
403-597-3410

Tim Coupland
CEO
astar@telus.com
604-681-3131

SOURCE: Trans Canada Gold Corp.

View the original press release on accesswire.com

FAQ

What was the voting percentage for Trans Canada Gold (TTGXF) 2024 Annual Meeting?

43.81% of common shares (22,473,049 shares) voted in favor of director nominees at the December 19th, 2024 Annual Meeting.

What changes were made to TTGXF's stock option plan in 2024?

The amended plan requires TSXV approval for share capital adjustments and disinterested shareholder approval for insider option extensions, while maintaining a 10% rolling limit.

What is Trans Canada Gold's (TTGXF) main business focus?

The company focuses on oil and gas resource development and mineral exploration, particularly developing conventional heavy oil exploration properties in Alberta, Canada.

Who was appointed as TTGXF's auditor at the 2024 Annual Meeting?

Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, was reappointed as the company's auditor.