VANCOUVER, British Columbia, Aug. 30, 2017 (GLOBE NEWSWIRE) -- Dynasty Metals & Mining Inc.
("Dynasty" or the "Company") (TSXV:DMM) (OTCQX:DMMIF) is pleased to announce the results of its
annual general and special meeting held on August 17, 2017 in Vancouver, British Columbia (the "Meeting").
The number of directors was fixed at five (5) and each of the following five (5) nominees proposed by management
was elected as a director on a vote by show of hands. The proxies received by management with respect to the election of directors
were as follows:
NOMINEE |
VOTES FOR |
VOTES WITHHELD |
Keith
Piggott |
99.68 |
% |
0.32 |
% |
Gregg
J. Sedun |
99.68 |
% |
0.32 |
% |
Javier Reyes |
99.67 |
% |
0.33 |
% |
Leonard Clough |
99.67 |
% |
0.33 |
% |
Mark
H. Bailey |
99.98 |
% |
0.02 |
% |
In addition, at the Meeting, shareholders approved the following:
(i) the appointment of Davidson & Company LLP, Chartered Professional Accountants, as the Company's auditors for the ensuing
year and the authorization of the board of directors (the "Board") to fix the auditor's remuneration;
(ii) the adoption and ratification of the Company's 2017 stock option plan as contained in the management information circular
dated July 18, 2017 in respect of the Meeting;
(iii) the change of the Company's name from "Dynasty Metals & Mining Inc." to "Core Gold Inc." (the "Name
Change"), or such other name as the Board, in its sole discretion, may resolve and as may be acceptable to the applicable
regulatory authorities, including the TSX Venture Exchange (the "Exchange"); and
(iv) the continuation of the Company (the "Continuation") from the jurisdiction of the Yukon Territories to the
jurisdiction of British Columbia under the Business Corporations Act (British Columbia), and the adoption of new articles
of the Company in connection therewith.
Completion of the Name Change is subject to the Company obtaining Exchange approval.
The Company expects to complete the Name Change and the Continuation during the current financial period.
A total of 34,295,531 common shares of the Company ("Shares") were voted at the Meeting,
representing approximately 36.58% of the votes attached to all outstanding Shares as of the record date.
About Dynasty
Dynasty Metals & Mining Inc. (TSXV:DMM) (OTCQX:DMMIF) is a Canadian based mining company involved in the mining,
exploration and development of mineral properties in Ecuador. The Company is currently focused on gold production at its
wholly-owned Dynasty Goldfield project and continued development at its Zaruma mine. Mineral is treated at the Company’s
wholly-owned treatment plant close to the Zaruma mine operations. The Company also owns other significant gold exploration projects
including the Jerusalem Project (located 30 kilometres south of the Fruta del Norte project), the Copper Duke area and the Linderos
area in southern Ecuador.
Forward-Looking Information
This news release contains statements which are, or may be deemed to be, “forward-looking information” which
are prospective in nature. Such information in this news release includes statements relating to Exchange approval of the Name
Change and the timing of the Continuation. Forward-looking information involves known and unknown risks, uncertainties and other
factors which may cause Dynasty’s actual results, revenues, performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking information. Important risks that could cause
Dynasty’s actual results, revenues, performance or achievements to differ materially from Dynasty’s expectations include, among
other things, risks found in Dynasty’s Annual Information Form for the year ended December 31, 2016, which is available on SEDAR at
www.sedar.com. Other than in accordance with regulatory obligations, Dynasty is not under any
obligation and Dynasty expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
For further information please visit the Company's website at www.dynastymining.com or please contact: Keith Piggott, CEO Suite 1201 – 1166 Alberni Street Vancouver, B.C. V6E 3Z3 Phone: +1 (604) 345-4822 Email: info@dynastymining.com