Klondike Gold Corp. (TSX.V:KG) (“Klondike” or the “Company”) announces
that shareholders approved all resolutions put before them at its Annual
General and Special Meeting of Shareholders (the "AGSM") held on
February 18, 2014, at the Company’s offices in Vancouver, British
Columbia. All resolutions passed by votes greater than 92.86% of the
voted shares, showing strong support from the shareholders voting in
line with management. At the meeting shareholders voted to elect Peter
Tallman, Gordon Keep, John Pallot, and Steven Brunelle as directors for
the ensuing year; to reappoint Morgan & Co. as the Company’s auditors
for the ensuing year and authorized the directors to fix the auditor’s
remuneration; and also approved the Company’s 2014 Stock Option Plan
which is still subject to TSX Venture Exchange approval. The
shareholders also voted to adopt a new form of Articles which will
provide the Company with greater flexibility for future corporate
activities. For more information on these matters, please refer to the
Klondike Gold Corp. information circular, available on SEDAR (www.sedar.com).
The main change from the Company’s existing articles is the inclusion of
the advance notice provisions (the "Advance Notice Provisions"). The
Advance Notice Provisions include, among other things, a provision that
requires advance notice be given to the Company in circumstances where
nomination of persons for election to the Board are made by shareholders
of the Company.
The Advance Notice Provisions set a deadline by which shareholders must
submit nominations (a "Notice") for the election of directors to the
Company prior to any annual or special meeting of shareholders. The
Advance Notice Provisions also set forth the information that a
shareholder must include in the Notice to the Company, and establish the
form in which the shareholder must submit the Notice for that notice to
be in proper written form.
In the case of an annual meeting of shareholders, a Notice must be
provided to the Company not less than 30 days and not more than 65 days
prior to the date of the annual meeting. However, in the event that the
annual meeting is to be held on a date that is less than 50 days after
the date on which the first public announcement of the date of the
annual meeting was made, a Notice must be provided to the Company not
later than the close of business on the 10th day following
such public announcement.
In the case of a special meeting of shareholders (which is not also an
annual meeting) notice to the Company must be made not later than the
close of business on the 15th day following the day on which
the first public announcement of the date of the special meeting was
made.
A copy of the Company's new form of Articles containing the Advance
Notice Provisions is available under the Company's profile on SEDAR at www.sedar.com.
Peter Tallman, President and CEO of Klondike states “the Board of
Directors would like to thank the shareholders for their ongoing
patience and support, and also wishes to thank Mr. Peschke who did not
stand for re-election at this meeting for his service to the Company.
ABOUT KLONDIKE GOLD CORP.
Klondike Gold Corp., is a Canadian
exploration company with offices in Vancouver, British Columbia, and
Dawson City, Yukon. The Company is focused on the development of its
Yukon gold properties, and also holds a large portfolio of gold and base
metal projects in southeastern British Columbia.
On behalf of Klondike Gold Corp.
“Peter Tallman”
President and CEO
(604) 685-2222
WWW.KLONDIKEGOLDCORP.COM
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Copyright Business Wire 2014