AGM Meeting Minutes link:
Victoria Gold Corp. | AGM Materials (vgcx.com) Looks like VGCX management attendees were so focused on getting the new Directors and Omnibus Incentive Plan swiftly pushed through that they forgot all about the 2023 Q1 earnings results! It would seem to me that releasing the Q1 results would be a fairly important topic considering how important this information is to shareholders, yet not a mention at the meeting or when we might expect their release.
The Q1 earnings results should be pretty good compared to 2022 so why aren't they being released? I see only 2 reasons why the Q1 earnings aren't yet released:
1.) The earnings results aren't that great (not too likely given the higher gold price and improved Q1 production results) or
2.) Management was waiting to get the Omnibus Incentive Plan approved so they can issue the incentive shares at the lower share price to enhance the incentive (most likely).
It's interesting to note how a whopping 83 shareholders control 37,722,252 VGCX shares.
From the minutes: "I have reviewed the report of the Scrutineer. There are <_1_> registered shareholders in attendance today and there are <_83_> shareholders represented by proxy, together holding <_37,722,252_>".
It's also interesting how 79% of the votes were voted in favor of approval of the Omnibus Incentive Plan which conveniently includes an increased number of shares that can be issued under the plan to 9% (up from 5% in the prior plan). No discussion or resistence at the meeting about this nearly double percentage increase? I've got a great incentive plan for VGCX management; get the share price back to $20+ and then present such a plan.