Red Lake Gold Inc. Shareholders Approve Plan of Arrangement for Alma Gold Inc. Spinco
Vancouver, British Columbia, October 16, 2020 – Red Lake Gold Inc. (CSE: RGLD)(FWB:P11)(“Red Lake Gold” or the "Corporation") is pleased to report that all matters put forth to shareholders at its annual general and special meeting held earlier today in Vancouver, British Columbia (the “Meeting”) have been overwhelmingly approved.
A total of 7,480,091 common shares were cast at the Meeting either in-person or by proxy representing 23.495% of the issued and outstanding shares of the Corporation at the meeting record date.
Voting result particulars were as follows:
Item 1) Number of Directors
|
Number of Votes
|
% of Votes Cast
|
|
|
|
|
For
|
7,423,091
|
99.238%
|
|
Against
|
57,000
|
0.762%
|
Item 2a) Ryan Kalt as a Director
|
Number of Votes
|
% of Votes Cast
|
|
|
|
|
For
|
7,423,091
|
99.238%
|
|
Withhold
|
57,000
|
0.762%
|
Item 2b) Eugene A. Hodgson as a Director
|
Number of Votes
|
% of Votes Cast
|
|
|
|
|
For
|
7,422,091
|
99.225%
|
|
Withhold
|
58,000
|
0.775%
|
Item 2c) Brian Hearst as a Director
|
Number of Votes
|
% of Votes Cast
|
|
|
|
|
For
|
7,423,091
|
99.238%
|
|
Withhold
|
57,000
|
0.762%
|
Item 3) Appointment of Auditor
|
Number of Votes
|
% of Votes Cast
|
|
|
|
|
For
|
7,423,091
|
99.238%
|
|
Withhold
|
57,000
|
0.762%
|
Item 4) Plan of Arrangement
|
Number of Votes
|
% of Votes Cast
|
|
|
|
|
For
|
7,423,091
|
99.238%
|
|
Against
|
57,000
|
0.762%
|
Item 5) Approval of Stock Option Plan for Spinco
|
Number of Votes
|
% of Votes Cast
|
|
|
|
|
For
|
7,422,091
|
99.225%
|
|
Against
|
58,000
|
0.775%
|
Item 6) Other Matters
|
Number of Votes
|
% of Votes Cast
|
|
|
|
|
For
|
7,422,091
|
99.225%
|
|
Against
|
58,000
|
0.775%
|
For further information on Red Lake Gold and its regulatory filings, please review the Corporation’s profile at www.SEDAR.com.
On Behalf of the Board of Directors
Ryan Kalt
Chairman & Chief Executive Officer
Email: info@redlakegold.ca
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.