Golden Tag Announces Date of Annual General and Special Shareholder Meeting
June 30 2020 - 9:10PM
Golden Tag Resources Ltd. (“
Golden Tag” or the
"
Company") (TSX.V: GOG) announces that it will
hold an annual and special meeting of shareholders (the
“
Meeting”) on August 4, 2020. The record date for
the shareholders entitled to vote at the Meeting has been set as at
the close of business of June 22, 2020.
The board of directors of the Company proposes
to adopt an amended and restated By-Law No. 1 – General Corporate
By-Law, relating to general corporate matters (the “General
By-Law”), which rescinds and replaces the Company’s
existing general corporate by-law. The General By-Law, among other
provisions, contains provisions to ensure that the Company’s by-law
remains consistent with evolving corporate laws and governance
practices and guidelines. The General By-Law will become effective
upon confirmation by shareholders at the Meeting.
The board of directors of the Company has
adopted a new 10% rolling incentive stock option plan (the
“New Plan”) to replace the previous fixed number
stock option. The New Plan is subject to the approval of the TSX
Venture Exchange (the “TSXV”) and of shareholders
of the Company at the Meeting. These items of business and
related items of business will be described in the information
circular in respect of the Meeting to be posted under the Company’s
profile on www.sedar.com.
On May 28, 2020, the Company announced that Mr.
Greg McKenzie, President and Chief Executive Officer of the
Company, was granted certain one-year nomination rights under the
Investment Agreement dated May 19, 2020, pursuant to which he could
appoint up to two directors of the Company. Mr. McKenzie has waived
his rights to nominate a second director following the appointment
of Tom English as director. Further, Mr. McKenzie has waived his
one-year right to appoint successor directors (except with respect
to his or Mr. Tom English’s successor).
Pursuant to its 2004 Incentive Stock Option
Plan, as amended on June 30, 2008, the Company has granted
1,000,000 incentive stock options to certain Directors, who
previously did not receive any awards, having an exercise price of
$0.125 which vest over time and are exercisable for a period of up
to 5 years.
Golden Tag Resources Ltd. is a junior
exploration company exploring for high-grade silver deposits. The
Company holds a 100% interest in the San Diego property in Durango
State, Mexico. The San Diego property is located within the
Velardeña Mining District, the site of several mines having
produced silver, zinc, lead and gold over the past century. For
more information regarding the San Diego property please visit our
website at www.goldentag.ca. Golden Tag has no debt, 129,806,558
shares issued and outstanding, as well cash balances of
approximately $2.1 million.
For additional information, please
contact:
Greg McKenzie, President & CEOPh:
416-504-2024Email: info@goldentag.cawww.goldentag.ca
Cautionary Statement:
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
This News Release includes certain
"forward-looking statements" which are not comprised of historical
facts. Forward-looking statements include estimates and statements
that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“will”, or “plan”. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this
news release includes, but is not limited to, the Company’s
objectives, goals or future plans, and estimates of market
conditions. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to the failure to implement and successfully complete
exploration programs, failure to identify new property acquisitions
or operate new property acquisitions on a successful basis, the
ability of the Company to counteract the potential impact of the
COVID-19 coronavirus on factors relevant to the Company’s business,
delays in obtaining or failures to obtain required shareholder and
TSX Venture Exchange approvals, changes in equity markets,
inflation, changes in exchange rates, fluctuations in commodity
prices, delays in the development of projects, and those risks set
out in the Company’s public documents filed on SEDAR. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
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