ELKO, Nev., Aug. 3, 2017 /PRNewswire/ -- U.S. Gold Corp.
(the "Company") (NASDAQ: USAU), a gold exploration and development
company, announced the results of the Company's annual shareholder
meeting that was held on July 31,
2017 at 10:00 AM ET at its
counsel's offices in New York
City.
The following proposals were acted on by the Company's
shareholders at the meeting:
- Elected four directors (John
Braca, James Dale Davidson,
Timothy Janke and Edward Karr), to hold office until the next
annual meeting of shareholders and until their respective
successors have been duly elected and qualified.
- Approved the appointment of Marcum LLP to serve as the
Company's independent public accountant for the fiscal year ending
April 30, 2018.
- Approved, on an advisory basis, the executive compensation of
the Company's executive officers (say-on-pay) for the year ending
April 30, 2018.
- Approved the Company's 2017 Equity Incentive Plan including the
reservation of 1,650,000 shares of common stock there under.
Edward Karr, U.S. Gold Corp.'s
Chairman, President and Chief Executive Officer, stated, "We are pleased that all the proxy
proposals passed successfully in our Annual Shareholder
Meeting. On behalf of U.S. Gold Corp., our Board and entire
management team, I would like to personally thank all of our
shareholders for taking the time to vote and for their
support. I look forward to working closely with our
Board and updating our shareholders on our future 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 development and
exploration properties. Copper King is located in
South East Wyoming and has an
historical Preliminary Economic Assessment (PEA) done by Mine
Development Associates in 2012 for Strathmore Minerals
Corporation. Keystone and Gold Bar North are exploration
properties located on the Cortez trend in Nevada, identified and consolidated by
Dave Mathewson. For more
information about U.S. Gold Corp., please visit
www.usgoldcorp.gold
Dataram is an independent manufacturer of memory products and
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laptops sold by leading manufacturers such as Dell, Cisco, Fujitsu,
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are sold worldwide to OEMs, distributors, value-added resellers and
end users. Additionally, Dataram manufactures and markets a line of
Intel Approved memory products for sale to manufacturers and
assemblers of embedded and original equipment. 70 Fortune 100
companies are powered by Dataram. Founded in 1967, the Company is a
US based manufacturer, with presence in the United States, Europe and Asia. For more information about Dataram,
visit www.dataram.com.
Safe Harbor
The information provided in this press
release may include forward-looking statements relating to future
events, such as the exploration success of U.S. Gold Corp.,
development of new Dataram products, pricing and availability of
raw materials or the future financial performance of the
Company. Actual results may differ from such projections and
are subject to certain risks including, without limitation, risks
arising from: changes in the price of gold and mining industry cost
inputs, memory chips, changes in the demand for memory systems,
increased competition in the memory systems industry, order
cancellations, delays in developing and commercializing new
products, risks with respect to US Gold Corp faced by junior
companies generally engaged in exploration activities, and other
factors described in the Company's most recent Annual Report on
Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K filed with the Securities and Exchange
Commission, which can be reviewed at www.sec.gov.
The Company has based these forward-looking statements on
its current expectations and assumptions about future events.
While management considers these expectations and assumptions to be
reasonable, they are inherently subject to significant business,
economic, competitive, regulatory, and other risks, contingencies,
and uncertainties, most of which are difficult to predict and many
of which are beyond the Company's control. The Company does
not assume any obligations to update any of these forward-looking
statements.
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.