Newcore Gold Reports AGM Voting Outcomes and Company Vision
Newcore Gold's Annual General Meeting Results
Vancouver, British Columbia - Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) has announced the outcomes of its recent Annual General Meeting (AGM) of Shareholders. This important event saw shareholders partake in voting over essential company resolutions previously outlined in the Notice of Meeting and Information Circular.
Shareholder Support for Company Directions
During the AGM, shareholders showed substantial support by approving all resolutions. A key resolution was the decision to maintain the number of directors at seven. The re-elected directors include well-known leaders such as Douglas B. Forster, Blayne Johnson, Luke Alexander, Omaya Elguindi, Ryan King, George Salamis, and Michael Vint. Additionally, shareholders reaffirmed their confidence in the Company’s long-term incentive plan and reappointed PricewaterhouseCoopers LLP as the Company’s auditors for the upcoming year, with remuneration to be determined by the Board of Directors.
Strong Participation from Shareholders
A total of 122,797,979 common shares were voted, representing an impressive 48.38% of the total shares issued and outstanding as of the record date for the meeting. Such active participation demonstrates a robust engagement from shareholders who are invested in the company’s future directions and initiatives.
Understanding Newcore Gold Ltd.
Newcore Gold is committed to advancing its Enchi Gold Project, located in Ghana—recognized as Africa’s leading gold producer. The Company is uniquely positioned, combining top-tier leadership with a significant equity stake of 15%, aligning their interests with those of shareholders. The Enchi project spans an extensive land package of 248 km², traversing 40 kilometers of Ghana’s renowned Bibiani Shear Zone. This notable gold belt is home to various multi-million-ounce gold deposits, including the Chirano mine located just 50 kilometers to the north.
Vision for the Future
Newcore’s aspiration is to build a dynamic and effective gold enterprise. This vision encompasses maximizing shareholder returns through strategic advancements in exploration and production, leveraging the rich geological potential of the Enchi Gold Project. Engaging shareholders and focusing on sustainable growth remain paramount in the company’s objectives.
Leadership Statement
On behalf of the Board of Directors, Luke Alexander, the President and CEO, expressed enthusiasm about the AGM results and the continuous support from shareholders. Their commitment paves the way for future growth and exploration endeavors, aimed at enhancing shareholder value.
Contact Information
For more details or inquiries, please reach out to Mal Karwowska, Vice President of Corporate Development and Investor Relations, at +1 604 484 4399 or via email at info@newcoregold.com. Potential investors and interested parties are encouraged to explore further details on the official company website.
Frequently Asked Questions
What were the key outcomes of Newcore Gold's AGM?
The AGM saw all resolutions approved, including the re-election of seven directors and the re-appointment of auditors.
How does Newcore Gold's leadership align with shareholders?
The leadership team holds a significant equity stake of 15%, ensuring their interests are aligned with those of the shareholders.
What is the Enchi Gold Project?
The Enchi Gold Project is situated in Ghana, covering an extensive area known for its high gold production potential.
Who were the re-elected directors?
The re-elected directors are Douglas B. Forster, Blayne Johnson, Luke Alexander, Omaya Elguindi, Ryan King, George Salamis, and Michael Vint.
How can shareholders get further information?
Shareholders can contact Mal Karwowska at +1 604 484 4399 or email info@newcoregold.com for further details.
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