King's Bay Gold Corporation announces the Voting Results from the Annual and Special General Meeting of Shareholders as held on September 5th, 2013
September 11th, 2013 - Winnipeg, Manitoba - King's Bay Gold Corporation (TSX.V: KBG) (the "Corporation" or "King's Bay Gold") is pleased to announce the voting results from the Annual and Special General Meeting of Shareholders as was held in Winnipeg, Manitoba on Thursday September 5th, 2013 at the offices of Taylor McCaffrey LLP. The following summarized voting results were provided by Computershare, the Corporation's transfer agent, who acted as the scrutineers for the meeting.
From the Final Scrutineer's Report:
78 shareholders (2012: 81) voted 17,996,809 shares (2012: 23,805,157) from a Total Issued and Outstanding of 98,476,913 (2012: 97,376,913) shares as at the Record Date of August 1st, 2013 (2012 Record Date: June 29th, 2012 for the meeting of July 31st, 2012) for a Percentage of Outstanding Shares represented at the Meeting of 18.28% (2012: 24.45%).
From the Report on Proxies:
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| | |PERCENTAGE OF VOTES CAST|
|
|----------------------------------------------------------------|
|MOTIONS |FOR |AGAINST |WITHHELD |
| | | |/ ABSTAIN|
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|Election of Directors -|9 |0 .00% |3 .71% |
|elect Kyle Picard |6.29%| | |
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|Election of Directors |9 |0 .00% |3.50 % |
|– elect Peter Brooks |6.50%| | |
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|Election of Directors |96 |0 .00% |3.63 % |
|– elect Raymond |.37% | | |
|Préfontaine | | | |
|----------------------------------------------------------------|
|Election of Directors |95.25|0 .00% |4 .75% |
|– elect David Gural |% | | |
|----------------------------------------------------------------|
|Election of Directors |96. |0 .00% |3 .27% |
|– elect Douglas Bundy |73% | | |
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|Appointment of Auditors|93.94|0 .00% |6.06 % |
|& Authorization to Fix |% | |
|
|the Remuneration of | | | |
|the Auditors | | | |
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|Approve the Auditors |97.27|2.73% |0.00% |
|Report and the |% | | |
|comparative Audited | | | |
|Financial Statements | | | |
|for the fiscal years | | | |
|ended December 31st, | | | |
|201 2 and 2011 | | | |
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|Stock Option Plan |91 |8 .25% |0.00% |
|(disinterested |.75% | | |
|shareholders only as it| | | |
|excludes the votes of | | | |
|those who are the | | | |
|direct and indirect | | | |
|beneficiaries of the | | | |
|Stock Option Plan) | | | |
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Peter Brooks, the Director who acted as Chairman for the Annual and Special General Meeting of Shareholders of September 5th, 2013, stated - "The Board of Directors and Management would like to thank all of the shareholders who took the time to exercise their right to vote whether it be online through the internet, by telephone or by the mailing-in of their Voluntary Instruction Form. Your ongoing support, as evidenced by the positive voting results and the interest shown by those in attendance at the meeting, is encouraging to us as we continue to move your company forward through these very difficult and volatile capital markets for junior mineral exploration companies."
New Directors as elected on September 5th, 2013 (both are subject to TSX Venture Exchange Inc. approval):
Douglas Bundy
Originally from Michigan, Mr. Bundy is a lifelong entrepreneur who retired from the automotive and automotive salvage business in 2004. Since that time, he has been actively involved in developing a Kenora-area gold project that is located within a few kilometres of the Gold Hill-Blackjack property. He has spent extensive hours in the bush exposing numerous potential strike zones in the immediate area of his gold project. Mr. Bundy is currently doing business as Triggs Mine.
David Gural
Mr. Gural is an owner of a medium sized business located in Winnipeg, Manitoba that services the mining, oil and gas, and OEM business sectors over the last 20 years. Mr. Gural is very active in providing solutions and services to help keep these business sectors healthy as they are critical to the overall wealth of our country.
About King's Bay Gold
King's Bay Gold Corporation is a Canadian mineral exploration and development company with mineral projects located in two of Canada's emerging gold camps - the Rainy River / Kenora and Sturgeon Lake, ON gold camps.
KBG Shares Outstanding: 98,976,913
King's Bay Gold Corporation
Ray Prefontaine
Director & Chief Financial Officer
(204) 253-4653
info@kingsbaygold.com
This news release includes certain forward-looking statements concerning the future performance of King's Bay Gold Corporation's business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company's recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.
Neither 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.
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