Merrex Gold – Comments on Rumoured Takeover of Papillion Resources and Results of Annual and Special General Meeting of Sha...
28 Maio 2014 - 3:19PM
Access Wire
HALIFAX,
NOVA SCOTIA / ACCESSWIRE /
May 28, 2014 / Greg
Isenor, President and CEO of Merrex Gold Inc., ("Merrex" or the "Company") (TSX Venture: MXI)
announces:
Commentary
"In response to numerous calls from
shareholders regarding the rumoured takeover of Australian gold
explorer Papillion Resources Limited I can only say that it should
come as no surprise given the reported size and quality of the
Fekola Deposit that Papillion would be the subject of an offer.
However, Merrex knows nothing more about this story than what
everyone can read in the various press reports, all of which are
speculative" said Merrex President Greg Isenor. "That said if the
speculation proves accurate then it would be a very exciting
development for the region. Meanwhile I can report that drilling is
continuing on Merrex's joint ventured Siribaya Gold Project
including on the Diakha Prospect which, as can be seen on the map
below, is located along the Fekola-Boto trend approximately 20
kilometres to the south of Papillion's 5,000,000+ ounce Fekola
deposit and approximately 10 kilometres south of IAMGOLD
Corporations 1,160,000 ounce Boto deposit. Drill results from our
ongoing 2014 exploration program are pending and will be released
as soon as possible."
Click Image To View Full Size
Results of Annual and Special General
Meeting
The Annual and Special General
Meeting of Shareholders (the "Meeting") of the Company was held on
May 27, 2014 in Halifax, Nova Scotia. At the Meeting, shareholders
approved all resolutions put before them by management including
the election of all director nominees, the re-appointment of the
auditor and the re-approval of the Company's share incentive
plan.
Total Voting
Shares
A total of 74,477,125 shares
representing 47.87% of the issued capital were voted at the annual
meeting. No shares or proxies were disqualified.
Election of the Board of
Directors
-----------------------------------------------------
|Directors |Votes For |Votes Withheld |
|---------------------------------------------------|
|Greg Isenor |67,924,421 (93.96%)|4,366,800 (6.04%)|
|---------------------------------------------------|
|John Cumming |67,699,721 (93.77%)|4,501,500 (6.33%)|
|---------------------------------------------------|
|Walter Henry |67,739,721 (93.56%)|4,461,500 (6.44%)|
|---------------------------------------------------|
|Jim Patterson|71,085,421 (98.95%)|755,800 (1.05%) |
-----------------------------------------------------
Appointment of
Auditors
The shareholders re-appointed
Morgan LLP, Chartered Accountants, as the Company's auditor and
authorized the directors to fix the auditors
remuneration.
Share Incentive Plan
including Stock Option Plan
The shareholders re-approved
the Company's share incentive plan including the Company's rolling
incentive stock option plan.
About Merrex's Siribaya Gold
Project
The
Siribaya Gold Project is a 50/50 joint Merrex-IAMGOLD
advanced-stage gold exploration project in West Mali comprised of
approximately 910 square kilometres of gold-prolific exploration
permits and permit applications pending. Exploration of the
Siribaya Gold Project is conducted under a joint management
committee. Expenditures to date on the Siribaya Project total
approximately $40 million.
The
Siribaya Gold Project presently hosts a NI 43-101 compliant gold
resource estimated at 303,900 ounces grading 2.34 g/t Indicated,
and 301,400 ounces grading 2.17 g/t Inferred (July 31, 2012 ACA
Howe International Limited); the deposit areas are open to the
north, south and at depth. Numerous other gold-anomalous target
areas have been identified by geochemistry and require
drilling.
Gregory P.
Isenor, P. Geo., is the Qualified Person as defined under NI 43-101
who has reviewed and is responsible for the technical information
presented in this news release.
Merrex is primarily a West African focused gold exploration company
with experienced management, a solid exploration team, a prominent
gold-producer as a JV partner and an expanding gold
resource.
For further details about the Company's exploration activities or
to view the most recent corporate presentation visit Merrex's
website at www.merrexgold.com. To be added to Merrex's email contact list please
email your request to
info@merrexgold.com.
On Behalf
of the Board
Gregory Isenor, P.Geo.
President & CEO
Merrex Gold
Inc.
Suite 802, 1550 Bedford Highway, Bedford, NS B4A 1E6
Tel.: (902) 832-5555 Fax: (902) 832-2223
This press release includes certain
statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical
facts, that address future exploration drilling, exploration
activities and events or developments that the Company expects, are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business
conditions.
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.
SOURCE: Merrex Gold Inc.
Merrex Gold Inc. (TSXV:MXI)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Merrex Gold Inc. (TSXV:MXI)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024