Montage Gold's Annual Meeting Results: A Clear Direction Forward
Montage Gold Reports Positive Outcomes from Shareholder Meeting
Montage Gold Corp. (“Montage” or the “Company”) (TSX: MAU, OTCQX: MAUTF) recently celebrated a successful Annual and Special General Meeting of Shareholders, where all resolutions put forth were overwhelmingly approved. This meeting represented a significant 58.85% of the votes from outstanding common shares, highlighting robust shareholder engagement and confidence in the Company’s vision.
Voting Highlights and Resolutions Passed
During the meeting, a total of 208,377,611 common shares were represented, demonstrating strong commitment from stakeholders. Each proposed resolution received enthusiastic support, showing that shareholders are aligned with the Company’s strategic direction. The major resolutions included:
Appointment of Auditor
The shareholders unanimously approved the appointment of the auditor, with 208,377,596 votes in favor, reflecting a stellar 100% support rate. This strong backing indicates a clear trust in the financial oversight and integrity of Montage.
Election of Directors
The election process for the Company’s board was another vital aspect of the meeting. Notable elections included:
- Richard P. Clark: Received 187,309,549 votes (89.89% approval).
- David Field: Garnered an impressive 207,377,611 votes, amounting to 99.52% support.
- Alessandro Bitelli: Also received unanimous support with 208,372,111 votes.
- Ron Hochstein: Secured 201,162,461 votes, gaining strong confidence with a 96.54% approval rate.
Approval of Omnibus Equity Incentive Plan
The Omnibus Equity Incentive Plan was met with favorable votes amounting to 191,541,747 (91.92% approval), further solidifying shareholder support for the Company’s strategy in incentivizing management and aligning their interests with those of the shareholders.
Future Prospects of Montage Gold
Looking ahead, Montage Gold is determined to establish itself as a prominent African gold producer, particularly with its flagship project, the Koné project in Côte d'Ivoire. The results from the updated feasibility study published in the previous year signify a promising mine life of 16 years, with substantial production targets of over 300,000 ounces of gold annually during the first eight years. With the anticipated start of production in the near future, the Company is moving with purpose and precision toward its goals.
Commitment to Transparency and Communication
As a company that prioritizes transparency, Montage Gold provides detailed insights regarding its operations and strategic decisions. Mario Bottero, the EVP of Exploration, oversees all scientific and technical developments, ensuring that stakeholders are kept informed about progress and changes within the Company.
Contact Information for Stakeholders
For Investor Relations Inquiries:
Jake Cain, Strategy & Investor Relations Manager,
jcain@montagegold.com
Phone: +44-7788-687-567
For Media Inquiries:
John Vincic, Oakstrom Advisors,
john@oakstrom.com
Phone: +1-647-402-6375
For Regulatory Inquiries:
Kathy Love, Corporate Secretary,
klove@montagegold.com
Phone: +1-604-512-2959
Frequently Asked Questions
What is Montage Gold's primary focus?
Montage Gold is focused on becoming a premier multi-asset African gold producer, with its flagship project located in Côte d’Ivoire.
How did shareholders respond to the resolutions?
All resolutions at the Annual Meeting were overwhelmingly supported by shareholders, reflecting strong engagement and confidence in the Company's strategic vision.
What is the significance of the Koné project?
The Koné project is critical for Montage Gold, presenting an estimated mine life of 16 years and expected production exceeding 300,000 ounces of gold annually in the initial years.
Who manages the exploration activities?
Exploration activities are overseen by Silvia Bottero, a highly qualified professional with extensive experience in the mining sector.
How can investors communicate with the Company?
Investors can reach out through specified contact personnel for inquiries related to investor relations, media, or regulatory matters.
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