U.S. Gold Corp. Announces Results of its 2022 Annual Meeting of Stockholders

Rhea-AI Summary

U.S. Gold Corp. held its Annual Meeting of Stockholders on December 16, 2022, where all proxy proposals received strong support. Approximately 68.5% of common shares were represented, totaling 5,716,393 shares. Key proposals included the election of six directors, ratification of Marcum, LLP as the auditor for the fiscal year ending April 30, 2023, approval of executive compensation, and an amendment to the 2020 Stock Incentive Plan. CEO George Bee expressed gratitude to stockholders for their participation.

Positive

• All proxy proposals passed with strong stockholder support.
• High participation with 68.5% of shares represented at the meeting.
• Election of six experienced directors to the Board.

Negative

• None.

Strong Stockholder Support Enables All Proxy Proposals to Pass

CHEYENNE, Wyo., Dec. 20, 2022 /PRNewswire/ -- U.S. Gold Corp. (the "Company," "we" or "our") (NASDAQ: USAU), a gold exploration and development company, today announced the results of its Annual Meeting of Stockholders (the "Meeting") held virtually on December 16, 2022.

The following proposals were approved by the Company's stockholders at the Meeting:

• Election of six directors Luke Norman, George Bee, Ryan Zinke, Robert Schafer, Tara Gilfillan and Michael Waldkirch, to hold office until the next annual meeting of stockholders and until their respective successors have been duly elected and qualified;
• Ratification of Marcum, LLP as the Company's independent registered public accountant for its fiscal year ending April 30, 2023;
• Compensation of our named executive officers (on a non-binding basis); and
• An amendment to the Company's 2020 Stock Incentive Plan.

A total of 5,716,393 million common shares, representing approximately 68.5% of common shares outstanding, were represented at the Meeting.

George Bee, U.S. Gold Corp.'s President and Chief Executive Officer, stated, "We are pleased that all the proxy proposals passed successfully at our Annual Meeting of Stockholders with strong stockholder support.  On behalf of U.S. Gold Corp., our Board and entire management team, I would like to personally thank all of our stockholders for taking the time to vote and for their support.  I look forward to working closely with our Board and updating our stockholders on our future development and exploration efforts." 

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded, U.S. focused gold exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. The CK Gold Project is located in Southeast Wyoming and has a Preliminary Feasibility Study technical report, which was completed by Gustavson Associates, LLC. The Keystone exploration property is on the Cortez Trend in Nevada. The Challis Gold Project is located in Idaho. For more information about U.S. Gold Corp., please visit www.usgoldcorp.gold.

For additional information, please contact:
U.S. Gold Corp. Investor Relations:
+1 800 557 4550
ir@usgoldcorp.gold
www.usgoldcorp.gold

 

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SOURCE U.S. Gold Corp.

FAQ

What were the results of U.S. Gold Corp.'s 2022 Annual Meeting?

All proxy proposals were approved, including the election of six directors and ratification of the independent auditor.

When was the U.S. Gold Corp. Annual Meeting held?

The Annual Meeting of Stockholders took place on December 16, 2022.

What percentage of shares were represented at the U.S. Gold Corp. meeting?

Approximately 68.5% of common shares were represented, totaling 5,716,393 shares.

Who is the CEO of U.S. Gold Corp.?

The CEO is George Bee.

What proposals were approved at the U.S. Gold Corp. Annual Meeting?

Proposals included the election of directors, auditor ratification, executive compensation, and an amendment to the Stock Incentive Plan.