RE: Anything exciting to share from the meeting?This was the motion put forth by a shareholder - written with others - that was presented at the AGM and was voted down by management. Again, 7.6+ million shares were behind this motion.
Motion as Follows
Shareholder’s of Shore Gold note thefollowing:
1. Managementof the Corporation has demonstrated an apparent inability to attract a majormining partner capable of advancing the FALC project to mining stage, thusimpacting negatively the market share price.
2. Managementhas consistently failed to deliver on project timelines, and this also hasdramatically impacted the market share price.
Shareholders therefore resolve:
1. Shareholdersrespectfully request the director’s to take action to rectify these issuesimmediately.
2. Shareholder’srespectfully request the Board to refrain from any further issuance of bonusesor stock option compensation until such time as a willing and capable partnerhas been successfully brought on board, and a firm mine decision is announced.
3. Theshareholders further request that the Board immediately engage the services ofan independent M & A advisory firm, with the stated objective of exploringall options for further maximizing value, including the possibility of sale ofthe company or its’ assets!
4. Wefurther request that the above resolutions be documented as action items forthe Board for the coming 6 months with regularupdates on progress to all shareholders.