VANCOUVER, BC, June 23,
2023 /CNW/ - Palisades Goldcorp Ltd. (TSXV:
PALI) ("Palisades" or the "Company") reports the
results of its annual general and special meeting (the
"Meeting") of shareholders held on June 23, 2023, in Vancouver, BC, Canada. At the Meeting, shareholders approved
all of the resolutions detailed in the related management
information circular, namely:
- Setting the number of directors to be elected at the Meeting at
four (4);
- Electing all nominee directors to the Board of Directors of the
Company for the ensuing year;
- Appointing Deloitte LLP, Chartered Professional Accountants, as
auditor of the Company to hold office until the next annual meeting
of shareholders, or until a successor is appointment, and
authorizing the directors to determine the remuneration of the
auditor; and
- Approving the Stock Option Plan of the Company.
Votes representing 15,693,408 shares were cast, representing
31.80% of the issued and outstanding shares of the Company as at
the record date. The following table details the results:
|
Motion
|
Votes
For
|
Votes
Against
|
Votes
Withheld
|
Broker
Non-Vote
|
|
Number of
Directors
|
15,684,408
(99.943 %)
|
9,000
(0.057%)
|
0
(0.000%)
|
0
|
|
Election of
Directors:
|
|
|
|
|
|
Collin
Kettell
|
14,883,086
(100.000%)
|
0
(0.000%)
|
0
(0.000%)
|
810,322
|
|
Gregor
Gregersen
|
14,883,086
(100.000%)
|
0
(0.000%)
|
0
(0.000%)
|
810,322
|
|
Elizabeth
Harrison
|
14,874,086
(99.940%)
|
0
(0.000%)
|
9,000
(0.060%)
|
810,322
|
|
William
Hayden
|
14,883,086
(100.000%)
|
0
(0.000%)
|
0
(0.000%)
|
810,322
|
|
Appointment of
Auditor
|
15,684,408
(99.943%)
|
0
(0.000%)
|
9,000
(0.057%)
|
0
|
|
Approval of Stock
Option Plan
|
14,863,086
(99.866%)
|
20,000
(0.134%)
|
0
(0.000%)
|
810,322
|
About Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a
resource investment company focused on junior companies in the
resource and mining sector. The Company seeks to acquire equity
participation in pre-initial public offering and early-stage public
resource companies with undeveloped or undervalued high quality
projects. The Company focuses on companies that are in need of
financial resources to realize their full potential, are
undervalued in capital markets and/or operate in jurisdictions with
low to moderate local political risk. The Company expects to
continue to make investments, pursuant to its dual investment
strategy, to achieve broad sector exposure with upside in the event
of appreciation in mineral commodities prices, while also providing
the potential to realize appreciation in net asset values as a
result of discoveries by issuers in which the Company holds larger
positions. The Company is listed on the TSX Venture Exchange under
the stock symbol "PALI". Palisades holds a diverse portfolio of
securities and derivatives, among which it holds a 26.50% interest
in New Found Gold Corp. (TSX-V: NFG).
On behalf of the Board of Directors
"Collin Kettell"
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Palisades Goldcorp Ltd.