VANCOUVER, June 29, 2015 /CNW/ - Freegold Ventures Limited
(TSX: FVL, Frankfurt: FR4N) ("Freegold", the Company) today
announced that all matters set out in the management information
circular dated May 20, 2015 for the
2015 Annual General Meeting of Shareholders held on June 29, 2015 (the "Meeting") were approved by
the shareholders. 21,630,692 shares were voted representing
23.8 % of the outstanding shares of the Company.
The following seven nominees were elected as directors of
Freegold. The detailed results of the vote for the election
of directors are set out below:
Nominee
|
# of Votes
For
|
% of Votes
For
|
# of Votes
Withheld
|
% of Votes
Withheld
|
|
|
|
|
|
Mr. David
Knight
|
21,564,610
|
99.69
|
67,623
|
0.31
|
Ms. Kristina
Walcott
|
21,564,776
|
99.69
|
67,457
|
0.31
|
Mr. Alvin
Jackson
|
21,564,776
|
99.69
|
67,457
|
0.31
|
Mr. Gary
Moore
|
21,564,610
|
99.69
|
67,623
|
0.31
|
Mr. Garnet
Dawson
|
21,564,610
|
99.69
|
67,623
|
0.31
|
Mr. Andrew
Partington
|
21,564,610
|
99.69
|
67,623
|
0.31
|
Mr. Gregory
Hanks
|
21,564,776
|
99.69
|
67,457
|
0.31
|
In addition, Freegold shareholders also voted in favour of
ratifying and approving:
|
Davidson &
Company LLP as the Company's auditors with 21,630,692 total votes
cast "For" and 1,541 total votes "Withheld"; and
|
|
|
|
the Company's rolling
stock option plan (the "Option Plan") whereby the Company is
authorized to grant stock options of up to 10% of its issued and
outstanding shares, from time to time and all unallocated
entitlements issuable under the Option Plan were approved until
June 29, 2018 with 21,393,570 (98.90%) total votes cast "For" and
238,663 (1.1%) total votes "Against";
|
Each of the matters voted upon at the Meeting is discussed in
detail in the Company's Information Circular dated May 20, 2015 which is filed under the Company's
profile at www.sedar.com.
At the first meeting of the newly constituted Board of Directors
held immediately after the Meeting, David
Knight was re-appointed as Chairman of the Board, and the
following individuals were re-appointed as officers of the
Company:
Kristina Walcott, President &
Chief Executive Officer, Gordon
Steblin, Chief Financial Officer, Alvin Jackson, Vice President, Exploration &
Development, and Taryn Downing,
Corporate Secretary.
The Board of Directors appointed Gary
Moore (Chair), Andrew
Partington and David Knight
as the audit committee and David
Knight (Chair), Garnet
Dawson, and Gary Moore as the
compensation and corporate governance committee.
Freegold's Board would like to thank our shareholders for their
continued support.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on the exploration
projects in Alaska. Its flagship
property is the Golden Summit property located near Fairbanks, Alaska. Road accessible, close to
industrial strength power and with an experienced labour force, the
Golden Summit project represents an excellent low risk development
project in Freegold. The Golden Summit Property hosts an indicated
NI 43-101 resource of 79,800,000 tonnes averaging 0.66 grams/tonne
gold for a total of 1,683,000 ounces and an inferred resource of
248,060,000 tonnes averaging 0.61 grams/tonne gold for a total of
4,841,000 ounces using a 0.30 gram/tonne gold cut-off grade. The
resource estimate was completed by Giroux Consultants Ltd. In
addition Freegold holds long term lease on the Shorty Creek Copper
–Gold, Copper Molybdenum Project.
Some statements in this news release contain forward-looking
information, including without limitation statements as to planned
expenditures and exploration programs. These statements address
future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements. Such factors include
without limitation the completion of planned expenditures, the
ability to complete exploration programs on schedule and the
success of exploration programs
SOURCE Freegold Ventures Limited