Toronto, ON / ACCESSWIRE / August 28, 2014 / Frontline Gold Corporation (TSXV: FGC) ("Frontline" or the "Company") announces the results of its Annual and Special General Meeting of Shareholders (the "Meeting") held today August 28, 2014 in Toronto, Ontario. At the Meeting, shareholders approved all resolutions put before them by management including the election of all director nominees, the re-appointment of the auditors, the re-approval of the Company's share incentive plan; and the approval of proposed share consolidation resolution.
Results of Annual and Special General Meeting
Election of the Board of Directors
The shareholders elected to fix the number of directors at seven (7). In addition the director nominees as listed in the Information Circular dated August 1st, 2014 were elected as directors of Frontline at the meeting as follows:
Appointment of Auditors
The shareholders re-appointed Morgan & Company, Chartered
Accountants as the Company's auditor and authorized the directors to fix the
auditors remuneration.
Share Incentive Plan
The shareholders re-approved the Company's share incentive
plan.
Share Consolidation
The shareholders approved the resolution to consolidate the
Corporation's issued and outstanding common shares on a 10 for 1 basis, or by
such lower consolidation ratio as may be determined by the Board of Directors
and as may be required to obtain approval from the TSX Venture Exchange.
The share consolidation resolution was approved based on 36,788,652 shares voted for (88% of shares voted) the consolidation.
Article Amendment
The shareholders approved the special resolution amending the Article of the Corporation to change the province of the registered office of the Company.
Corporate Update
Officer Appointments
The Board has also reappointed the following individuals as officers of the Company:
Walter Henry: President and Chief Executive Officer
Gregory Isenor: Vice-President, Exploration
Tom Hussey: Chief Financial Officer
About Frontline Gold Corporation
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Frontline is a Canadian junior mineral exploration company with an experienced discovery team and a proven record of accomplishment. Ongoing Canadian exploration includes the Poly (gold VMS) and the Stewart (gold-copper porphyry) projects, Menderes gold project in the Izmir province of Western Turkey and the Niaouleni gold project in southern Mali in the heart of West Africa's prolific gold belt.
For further information, please visit the Company's website at www.frontlinegold.com to view the most recent corporate presentation.
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
"Walter Henry"
Walter Henry, President & CEO
FRONTLINE GOLD CORP.
Contact: Walter Henry
Telephone: (416) 362-9100
Fax: (416) 362-9300
Email: [email protected]
Website: www.frontlinegold.com
Frontline Gold Corp. (TSXV: FGC)
1 Toronto Street, Suite 201
Toronto, Ontario M5C 2V6
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SOURCE: Frontline Gold Corporation