Teranga Gold Announces Voting Results From Annual and Special Meeting of Shareholders
TORONTO, ONTARIO--(Marketwired - May 2, 2017) - Teranga Gold Corporation ("Teranga" or the "Company")
(TSX:TGZ)(ASX:TGZ) announced that all nominee directors listed in the Management Proxy Circular dated April 3, 2017 were elected
as directors of the Company at its Annual and Special Meeting of Shareholders (the "Meeting") held earlier today in Toronto,
Ontario. At this Meeting, 311,621,281 shares were voted, representing 58.06% of the Company's issued and outstanding common
shares. All matters put forward for consideration by shareholders at the Meeting were approved, the voting results are set out
below:
Election of Directors
| |
|
|
|
|
| Name |
Votes For |
% Votes For |
Votes
Withheld |
% Votes
Withheld |
| Alan R. Hill |
280,352,553 |
95.42 |
13,471,746 |
4.58 |
| Richard S. Young |
291,187,615 |
99.10 |
2,635,394 |
0.90 |
| Christopher R. Lattanzi |
292,003,959 |
99.38 |
1,820,340 |
0.62 |
| Jendayi E. Frazer |
292,174,009 |
99.44 |
1,649,000 |
0.56 |
| Edward Goldenberg |
207,696,122 |
70.69 |
86,128,177 |
29.31 |
| David J. Mimran |
290,918,718 |
99.01 |
2,904,291 |
0.99 |
| Alan R. Thomas |
290,814,669 |
98.98 |
3,009,630 |
1.02 |
| Frank D. Wheatley |
290,777,702 |
98.96 |
3,046,597 |
1.04 |
| William J. Biggar |
280,845,923 |
95.58 |
12,977,086 |
4.42 |
Appointment of Auditor
| |
|
|
|
|
| Name |
Votes For |
% Votes For |
Votes
Withheld |
% Votes
Withheld |
| Ernst & Young LLP |
311,073,308 |
99.88 |
384,797 |
0.12 |
Re-approval of Stock Option Plan
| |
|
|
|
|
| Item |
Votes For |
% Votes For |
Votes
Against |
% Votes
Against |
| Stock Option Incentive Plan Resolution |
287,548,179 |
97.86 |
6,300,935 |
2.14 |
Approval of the Proposed Share Consolidation
| |
|
|
|
|
| Item |
Votes For |
% Votes For |
Votes
Against |
% Votes
Against |
| Proposed Share Consolidation Resolution |
308,916,780 |
99.14 |
2,683,500 |
0.86 |
About Teranga
Teranga is a multi-jurisdictional West African gold company focused on production and development as well as the
exploration of more than 5,000km2 of land located on prospective gold belts.
Since its initial public offering in 2010, Teranga has produced more than 1.2 million ounces of gold from its operations in
Senegal. Following its recent acquisition of Gryphon Minerals, the Company is fast-tracking the completion of a feasibility
study for the Banfora Project. Concurrent with its production and development activities, exploration programs are underway
to seek to increase the Company's reserve base through resource conversion and making major new discoveries. Teranga has a
strong balance sheet and the financial flexibility to continue to grow its business.
Steadfast in its commitment to set the benchmark for responsible mining, Teranga operates in accordance with the highest
international standards and aims to act as a catalyst for sustainable economic, environmental, and community development as it
strives to create value for all of its stakeholders. Teranga is a member of the United Nations Global Compact and a leading
member of the multi-stakeholder group responsible for the submission of the first Senegalese Extractive Industries Transparency
Initiative revenue report. The Company's 2015 responsibility report, which is available at www.terangagold.com/2015responsibilityreport, is prepared in accordance
with its commitments under the United Nations Global Compact and in alignment with the Global Reporting Initiative
guidelines.