RE:RE:RE:RE:tad VANCOUVER, British Columbia, Dec. 15, 2020 (GLOBE NEWSWIRE) -- GT Gold Corp. (TSX-V:GTT; OTCQX:GTGDF) (the “Company” or “GT Gold”) today announced that it has received a shareholder meeting requisition notice (the “Requisition”) dated December 15, 2020 from The K2 Principal Fund L.P. ("K2"), a holder of approximately 11% of the issued and outstanding common shares of GT Gold, requesting that the Company convene a meeting of GT Gold shareholders for the purposes of (a) removing three directors, and (b) adding five K2 director nominees.
The Company is reviewing the Requisition, with the assistance of its professional advisors, and will respond in due course. In the meantime, there is no need for shareholders to take any action.
GT Gold’s Board and management is continuing to move the Company forward via field and metallurgical work towards a Preliminary Economic Assessment (“PEA”) at its Saddle North project in 2021, progress toward geological modelling at Saddle South, and continued exploration of new targets on its highly prospective property