Montage Gold Corp. Announces Annual General and Special Meeting Results
June 9, 2021
Vancouver, British Columbia — June 9, 2021 — Montage Gold Corp. (“Montage” or the “Company”) (TSXV: MAU) (OTCPK: MAUTF) is pleased to announce that the nominees set forth in the Company’s management information circular dated May 4, 2021, Hugh Stuart, Richard P. Clark, David Field, Kevin Ross, Peter Mitchell, and Alessandro Bitelli were elected as directors of the Company at the Annual General and Special Meeting held on June 8, 2021 (the “Meeting”). At the Meeting the shareholders also approved the reappointment of PricewaterhouseCoopers, LLP as the auditors of the Company and the authorization of the Company’s Board of Directors to fix the auditors remunerations. The shareholders also ratified and approved the Company’s 10% rolling Stock Option Plan and approved the implementation of a Restricted Share Unit Plan and Deferred Share Unit Plan.
After the Meeting the following officers were appointed by the Board of Directors:
|Non-Executive Chairman||Richard P. Clark|
|Chief Executive Officer||Hugh Stuart|
|Chief Financial Officer||Glenn Kondo|
|Executive Vice President, Corporate Development||Adam Spencer|
|Corporate Secretary||Kathy Love|
The Company has also granted an aggregate of 300,000 incentive stock options to certain officers, directors and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $0.93 per share.
On behalf of the Board of Directors,
Chief Executive Officer
ABOUT MONTAGE GOLD CORP.
Montage Gold Corp. (TSXV:MAU) is a Canadian-based precious metals exploration and development company focused on opportunities in Côte d’Ivoire. The Company’s flagship property is the Koné Gold Project, located in northwest Côte d’Ivoire, which currently hosts an Inferred Mineral Resource of 211Mt grading 0.59 g/t for 4.00Moz of gold, based on a 0.2 g/t cutoff grade. Montage has a management team and board with significant experience in discovering and developing gold deposits in Africa. The Company is rapidly progressing work programs at the Koné Gold Project towards completion of a Feasibility Study by the end of 2021.
Chief Executive Officer
Executive Vice President, Corporate Development
mobile: +1 (416) 804-9032
QUALIFIED PERSONS STATEMENT
The technical contents of this release have been approved by Hugh Stuart, BSc, MSc, a Qualified Person pursuant to National Instrument 43-101. Mr. Stuart is the Chief Executive Officer of the Company, a Chartered Geologist and a Fellow of the Geological Society of London.
Neither the 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.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking information and forward-looking statements within the meaning of Canadian securities legislation (collectively, “Forward-looking Statements”). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as “will”, “intends”, “proposed” and “expects” or similar expressions are intended to identify Forward-looking Statements. Forward looking Statements in this press release include statements related to the Company’s resource properties, and the Company’s plans, focus and objectives. Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold and other commodity prices, uncertainties inherent in the exploration of mineral properties, the impact and progression of the COVID-19 pandemic and other risk factors set forth in the Company’s final prospectus under the heading “Risk Factors”. The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Montage to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement.