TORONTO, Sept. 10, 2013 /CNW/ - Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX: SUE) (BVL: SUE) (OTCQX: SDDDF)
announces that shareholders voted in favour of all items of business
brought before them at the Company's Annual General & Special Meeting
of Shareholders ("AGM") held in Montreal, QC, on September 9, 2013.
The nominees listed in the management proxy circular for the 2013 AGM
were re-elected as directors of Sulliden. Detailed results are set out
below.
|
|
% Votes For
|
% Votes Withheld
|
|
Stan Bharti
|
92.83%
|
7.17%
|
|
Peter Tagliamonte
|
99.91%
|
0.09%
|
|
James H. Coleman, Q.C.
|
71.32%
|
28.67%
|
|
Don Dudek
|
99.87%
|
0.13%
|
|
George Faught
|
99.91%
|
0.09%
|
|
Bruce Humphrey
|
99.91%
|
0.09%
|
|
Hon. Pierre Pettigrew, p.c.
|
99.91%
|
0.09%
|
|
C. Justin Reid
|
99.34%
|
0.66%
|
Shareholders approved the appointment of PricewaterhouseCoopers LLP as
auditors of the Company until the next AGM and also approved the
amendment to the Company's by-laws to require advance notice in
circumstances where nominations of persons for election to the board of
directors are made by shareholders.
About Sulliden Gold Corporation Ltd.
Sulliden is a mineral exploration and development company focused on
advancing its 100% owned Shahuindo project to production. Currently in
its permitting phase, this low capital and operating cost gold and
silver mine project is located in a prolific gold-producing district in
northern Peru. A September 2012 Feasibility Study (based on $1,415 Gold
and $27 Silver) on the foundation phase of the project estimates an
initial CAPEX of $131.8 million that will support an annual mining rate
of 3.65 million tonnes producing approximately 90,000 of gold
equivalent ounces for 10.4 years at cash operating costs of $552/oz.
This initial mine scenario features a pre tax IRR of 52.2% and post-tax
IRR of 37.8%. The Feasibility Study considers only approximately 40% of
the gold ounces from the total oxide mineral resource and the Company
intends to expand its operation once in production. Additional mineral
growth from exploration drilling on defined targets adjacent to the
current resource is also anticipated. Sulliden is led by a proven
management team with hands-on experience developing and operating mines
in Latin America.
The technical information provided in this news release was reviewed and
approved by Joseph C. Milbourne, VP Technical Services and Operations,
and a qualified person for the purposes of National Instrument 43-101.
Sulliden shares are listed on the Toronto Stock Exchange (TSX) under the
symbol "SUE", on the Bolsa de Valores, Lima (BVL), also under the
symbol "SUE", and on the premier tier of the U.S. Over-the-Counter
market (OTCQX) under the symbol "SDDDF".
On behalf of Sulliden Gold Corporation Ltd.:
Peter Tagliamonte
Chairman & CEO
Justin Reid
President & Director
Cautionary statement regarding forward-looking information
This press release contains "forward looking information" within the
meaning of applicable Canadian securities legislation. Forward looking
information includes without limitation, statements regarding the
impact of the DIA approval on the company and its implications on the
permitting process and, the size and quality of the company's mineral
resources, progress in development of mineral properties, future
capital and operating expenses, future metal prices, the future
financial or operating performance of the Company, the prospective
mineralization of the properties, planned exploration programs and
anticipated production schedule. Generally, forward looking information
can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: general
business, economic, competitive, geopolitical and social uncertainties;
the actual results of current exploration activities; other risks of
the mining industry and the risks described in the annual information
form of the Company. Although the Company has attempted to identify
important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward looking information.
The Company does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
SOURCE Sulliden Gold Corporation Ltd.
