MONTREAL, QB / ACCESSWIRE / June 30, 2014 / Golden Hope Mines Limited is pleased to announce that all matters put forward to the shareholders for approval at its 2014 Annual General and Special Meeting (AGM) held on June 30 in Montreal, Quebec were passed.
At the AGM, the following individuals were re-elected as the directors of the Company: Robert Stocks, Frank Candido, William Needham, Michael Zurowski, Larry Hoover and Roy Millington.
The shareholders further appointed MNP LLP as the auditors of the Company for the fiscal year ended December 2014 and the directors were authorized to determine the remuneration to be paid to the auditors.
The shareholders also re-approved the Company's stock option plan and approved by special resolution a share consolidation of up to Thirty (30) pre-consolidation shares for One (1) post-consolidation share.
At a meeting of the Board of Directors held immediately following the AGM, Larry Hoover was appointed Chairman of the Board. The Board recognizes and thanks Robert Stocks, the outgoing Chairman, for his dedication and hard work on behalf of the Company.
Amended Q1 Financials and MD&A
Golden Hope has filed amended Q1 2014 Financial Statements and accompanying Management Disclosure and Analysis ("MD&A"). In the Interim Statement of Financial Position there were differences in the cash and cash equivalent balances due to an error on the Interim Statement of Cash Flows whereby the line item "Deferred Income Tax (Recovery)" should have been a negative $24,216 rather than a positive number.
Regarding the Company's MD&A for the first quarter ended March 31, 2014, the information has been amended to add cautionary disclosure regarding the increased risk of economic and technical failure in the potential absence if a feasibility study.
The Board of Directors
About Golden Hope Mines Limited:
Golden Hope Mines Limited is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of gold and base metal projects suitable for underground and/or open-pit mining. The company's focus is currently in southeastern Quebec, Canada. The company's claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southeastern Quebec from near Ste-Lucie-de-Beauregard to about 16 kilometres southwest of Beauceville. The Bellechasse-Timmins gold deposit lies 5 kilometres southeast of St-Magloire within the Bellechasse Belt an approximately 18 kilometre long mineralized area. For further information on Golden Hope Mines Limited please visit www.goldenhopemines.com.
Golden Hope Mines Limited
Frank Candido President, Director
SOURCE: Golden Hope Mines Limited