Montage Gold Corp. (“Montage” or the “Firm”) (TSXV: MAU) (OTCQX: MAUTF) is happy to announce that every one resolutions set forth within the Firm’s administration info round dated April 26, 2024 had been duly handed on the Annual Normal and Particular Assembly held on June 7, 2024 (the “Assembly”).
As per the nominees set forth, Ron Hochstein , Richard P. Clark , David Subject , Alessandro Bitelli , Anu Dhir and Martino De Ciccio had been elected as administrators of the Firm. After the Assembly the next officers had been appointed by the Board of Administrators:
Non-Government Chairman |
Ron Hochstein |
Chief Government Officer |
Martino De Ciccio |
President & Chief Growth Officer |
Peder Olsen |
Chief Monetary Officer |
Glenn Kondo |
Incoming Chief Monetary Officer, efficient |
Fixed Tia |
Company Secretary |
Kathy Love |
On the Assembly the shareholders additionally accredited the reappointment of PricewaterhouseCoopers, LLP because the auditors of the Firm and the authorization of the Firm’s Board of Administrators to repair the auditors remunerations. The shareholders additionally accredited the Omnibus Fairness Incentive Plan.
A complete of 102,881,471 frequent shares had been voted, representing 43.03% of the Firm’s issued and excellent frequent shares as on the file date of April 26, 2024. Detailed voting outcomes for the 2024 Annual Normal Assembly are proven under and can be found on SEDAR at www.sedarplus.ca .
Precise Votes |
Precise Votes |
Proportion |
Proportion |
|
Appointment of Auditor |
102,881,371 |
100 |
99.9999 % |
0.0001 % |
Election of Administrators: |
||||
i) Richard P. Clark |
102,881,471 |
– |
100.00 % |
0.00 % |
ii) David Subject |
102,866,471 |
15,000 |
99.99 % |
0.01 % |
iii) Alessandro Bitelli |
102,881,470 |
1 |
99.999999 % |
0.000001 % |
iv) Anu Dhir |
102,866,471 |
15,000 |
99.99 % |
0.01 % |
v) Ron Hochstein |
102,881,471 |
– |
100.00 % |
0.00 % |
vi) Martino De Ciccio |
102,881,471 |
– |
100.00 % |
0.00 % |
Approval of Omnibus Fairness Incentive Plan |
96,803,044 |
6,078,427 |
94.09 % |
5.91 % |
Neither TSX Enterprise Alternate nor its Regulation Companies Supplier accepts duty for the adequacy or accuracy of this launch.
ABOUT Montage Gold Corp.
Montage Gold Corp. (TSXV: MAU) is a Canadian-listed firm centered on changing into a premier multi-asset African gold producer, with its flagship Koné mission, positioned in Côte d’Ivoire, on the forefront. Based mostly on the Feasibility Examine revealed in 2024, the Koné mission ranks as one of many highest high quality gold tasks in Africa with a protracted 16-year mine life, low AISC of $998 /oz over its lifetime of mine, and sizeable annual manufacturing of +300koz of gold over the primary 8 years. Over the course of 2024, the Montage administration crew will probably be leveraging their intensive monitor file in growing tasks in Africa to progress the Koné mission in direction of a building launch, thereby unlocking vital worth for all its stakeholders.
FORWARD LOOKING STATEMENTS
This press launch incorporates sure forward-looking info and forward-looking statements throughout the which means of Canadian securities laws (collectively, “Ahead-looking Statements”). All statements, aside from statements of historic reality, represent Ahead-looking Statements. Phrases similar to “will”, “intends”, “proposed” and “expects” or related expressions are meant to establish Ahead-looking Statements. Ahead trying Statements on this press launch embrace statements associated to using proceeds from the Providing; the ultimate acceptance of the TSX Enterprise Alternate; the Firm’s mineral reserve and mineral useful resource estimates; the timing and quantity of future manufacturing from the Koné mission; expectations with respect AISC of the Koné mission; anticipated mine lifetime of the Koné mission; and anticipated recoveries and grades of the Koné mission. Ahead-looking Statements contain numerous dangers and uncertainties and are primarily based on sure components and assumptions. There might be no assurance that such statements will show to be correct, and precise outcomes and future occasions might differ materially from these anticipated in such statements. Vital components that might trigger precise outcomes to vary materially from the Firm’s expectations embrace uncertainties inherent within the preparation of mineral reserve and useful resource estimates and definitive feasibility research such because the Mineral Reserve Estimate and the UFS, together with however not restricted to, assumptions underlying the manufacturing estimates not being realized, incorrect value assumptions, sudden variations in amount of mineralized materials, grade or restoration charges, sudden adjustments to geotechnical or hydrogeological issues, sudden failures of plant, gear or processes, sudden adjustments to availability of energy or the facility charges, failure to keep up permits and licenses, increased than anticipated curiosity or tax charges, antagonistic adjustments in mission parameters, unanticipated delays and prices of consulting and accommodating rights of native communities, environmental dangers inherent within the Côte d’Ivoire, title dangers, together with failure to resume concessions, unanticipated commodity value and alternate price fluctuations, dangers regarding COVID-19, delays in or failure to obtain entry agreements or amended permits, and different threat components set forth within the Firm’s 2023 AIF below the heading “Threat Components”. The Firm undertakes no obligation to replace or revise any Ahead-looking Statements, whether or not because of new info, future occasions or in any other case, besides as could also be required by regulation. New components emerge now and again, and it’s not attainable for Montage to foretell all of them, or assess the influence of every such issue or the extent to which any issue, or mixture of things, could trigger outcomes to vary materially from these contained in any Ahead-looking Assertion. Any Ahead-looking Statements contained on this press launch are expressly certified of their entirety by this cautionary assertion.
NON-GAAP MEASURES
This press launch consists of sure phrases or efficiency measures generally used within the mining trade that aren’t outlined below Worldwide Monetary Reporting Requirements (“IFRS”), together with money prices and AISC (or “all-in sustaining prices”) per payable ounce of gold offered and per tonne processed and mining, processing and working prices reported on a unit foundation. Non-GAAP measures wouldn’t have any standardized which means prescribed below IFRS and, due to this fact, they is probably not similar to related measures employed by different corporations. The Firm discloses “money prices” and “all-in sustaining prices” and different unit prices as a result of it understands that sure traders use this info to find out the Firm’s potential to generate earnings and money flows to be used in investing and different actions. The Firm believes that typical measures of efficiency ready in accordance with IFRS, don’t absolutely illustrate the power of mines to generate money flows. The measures, as decided below IFRS, aren’t essentially indicative of working revenue or money flows from working actions. The measures money prices and all-in sustaining prices and unit prices are thought of to be key indicators of a mission’s potential to generate working earnings and money flows. Non-GAAP monetary measures shouldn’t be thought of in isolation as an alternative choice to measures of efficiency ready in accordance with IFRS and aren’t essentially indicative of working prices, working revenue or money flows offered below IFRS. Readers must also discuss with our administration’s dialogue and evaluation, accessible below our company profile at www.sedarplus.ca for a extra detailed dialogue of how we calculate such measures.
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SOURCE Montage Gold Corp.
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