(via Thenewswire.ca)
APRIL 3, 2016 / TheNewswire / New Carolin Gold Corp. (the "Company" or "New Carolin") (TSXV: LAD) is pleased to announce that the Company concluded its Annual General and Special Meeting of Shareholders (the "Meeting") held on March 31, 2016.
A total of 27,515,428 common shares were voted at the Meeting or by proxy representing 30.84% of the 89,211,213 outstanding eligible voting shares of the Company as at the record date of February 22, 2016.
Shareholders re-elected Richard T. Gillard, Robert L. Thast, Kenneth R. Holmes and Robert P. Lunde to the Company's Board of Directors.
At the Meeting, shareholders voted in favour of all other resolutions as set out in the management information circular as follows:
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-re-appointment of Crowe MacKay LLP, Chartered Accountants, as auditors of the Company.
-re-adoption and re-approval of the Company's revised stock option plan.
On March 31, 2016, subject to the approval of the TSX Venture Exchange, the Company granted a total of 4.5M stock options, of which 2.8M options were granted to officers and directors of the Company. The stock options are exercisable into common shares of New Carolin Gold at an exercise price of C$08.5 per share. New Carolin Gold's common shares closed at C$08.5 on the TSX Venture Exchange on March 31, 2016. The Company has 112,746,213 common shares issued and outstanding. Under the terms of the Company's "rolling" Incentive Stock Option Plan a maximum of 11,274,621 shares are available to be issued pursuant to the exercise of options at this time. Including this grant of 4.5M options, a total of 10,375,000 have been reserved for issuance pursuant to option grants. A further 899,621 shares are available for issuance pursuant to future option grants at this time.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our strategic 144 sq. kms of contiguous mineral claims, collectively known as the Ladner Gold Project. The project is located near Hope, BC, in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.
For additional information, please visit the Company's website at www.newcarolingold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Robert L. Thast"
President & Chief Executive Officer
Phone: 604.542.9458
Cell: 604.220.5031
E-mail: ceo@newcarolingold.com
Web site: www.newcarolingold.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 the accuracy of this press release.
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