Vancouver, British Columbia--(Newsfile Corp. - November 30, 2016) - Austral Gold Limited (ASX: AGD) is pleased to announce the
results of the Company's Annual General Meeting held on 30 November 2016 in accordance with ASX Listing Rule 3.13.2 and Section
251AA(2) of the Corporations Act.
We advise that:
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A summary of valid and eligible proxies received for the above meeting was as follows:
| Res No. |
Resolution |
For |
Open |
Against |
Abstain |
| 2. |
Adoption of the Remuneration Report |
446,943 |
140 |
12,593 |
20,000 |
| 3. |
Re-Election of Director - Mr Pablo Vergara Del Carril |
456,719,416 |
140 |
1,300 |
11,593 |
| 4. |
Re-Election of Director - Mr Robert Trzebski |
456,719,416 |
140 |
1,300 |
11,593 |
| 5. |
Ratification of Prior Issue of Shares to Argentex Shareholders under ASX Listing
Rule 7.1 |
456,715,709 |
140 |
16,300 |
300 |
| 6. |
Approval of Amendment of the Company's Constitution |
456,716,009 |
140 |
16,300 |
0 |
| 7. |
Approval of 10% Capacity to Issue Equity Securities |
456,702,666 |
140 |
27,593 |
2,050 |
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The following ordinary resolutions were passed on a show of hands:
Resolution 2 - Adoption of the Remuneration Report
For the record, the show of hands and proxy position were in excess of 75% in favour of Resolution 2.
Resolution 3 - Re-Election of Director - Mr Pablo Vergara Del Carril
Resolution 4 - Re-Election of Director - Mr Robert Trzebski
Resolution 5 - Ratification of Prior Issue of Shares to Argentex shareholders under ASX Listing Rule 7.1
-
The following special resolutions were passed on a show of hands:
Resolution 6 - Approval of amendment of the Company's Constitution
For the record, the show of hands and proxy position were in excess of 75% in favour of Resolution 6.
Resolution 7 - Approval of 10% Capacity to Issue Equity Securities
For the record, the show of hands and proxy position were in excess of 75% in favour of Resolution 7.
About Austral Gold
Austral Gold Limited is a growing precious metals mining, development and exploration company building a portfolio of quality
assets in Chile and Argentina. The Company's flagship Guanaco project in Chile is a low-cost gold and silver producing mine with
further exploration upside. The Company is also operator of the underground silver-gold Casposo mine in San Juan, Argentina. With
an experienced local technical team and highly regarded major shareholder, Austral's goal is to continue to strengthen its asset
base through acquisition and discovery. Austral Gold Limited is listed on the TSX Venture Exchange (TSXV:
AGLD), and the Australian Securities Exchange (ASX: AGD). For more information, please consult the
company's website www.australgold.com
Neither 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.
On behalf of Austral Gold Limited:
"Stabro Kasaneva"
President and CEO
Further information please contact:
Alison Crealy
info@australgold.com.au
+61 (2) 9380 7233
Mike Brown
Mike.brown@australgold.com
+1 604 568 2496 ext. 21
