Goldrush Announces Shareholder Approvals from Annual and Special General Meeting
26.10.2015 | The Newswire
Vancouver, Oct. 26, 2015 - Goldrush Resources Ltd. (TSX-V: GOD) ("Goldrush" or the "Company") is pleased to announce the results of the voting at its Annual and Special Meeting of Shareholders (the "Meeting") held on Monday, October 26, 2015. A total of 52,503,711 Goldrush common shares were voted, representing 33.1% of the total shares issued and outstanding on September 15, 2015, the record date for the Meeting.
Shareholders voted in favour of all items put forward by the Board of Directors and management for approval at the Meeting . All five individuals nominated for election to the Board of Directors - Allan Williams, Dr. Len Brownlie, Driffield Cameron, Ross McElroy and Robert (Bob) Young - were re-elected.
Shareholders also voted in favour of the reappointment of De Visser Gray LLP, chartered accountants, as auditors of the Company for the ensuing year and authorized the Directors to fix the auditors remuneration.
In addition, the Shareholders passed a special resolution to consolidate the Company's common shares on the basis of a consolidation ratio of between five pre-consolidation common shares for one post-consolidation common share and eight pre-consolidation common shares for one post-consolidation common share, with the consolidation ratio and the effective date to be determined at the discretion of the Goldrush board of directors, subject to TSX Venture Exchange approval. The Company is authorized to abandon or terminate all or any part of the consolidation if the Board considers it appropriate and in the best interests of Goldrush. At this time the Directors have not made a decision to proceed with a consolidation.
About Goldrush:
Goldrush is a well-funded, successful Canadian mineral exploration company focused on gold exploration, with a treasury of approximately CDN$3,500,000.
For further information on Goldrush Resources Ltd., shareholders and other interested parties are invited to visit the Company's website at www.goldrushresources.ca.
ON BEHALF OF THE BOARD OF DIRECTORS, GOLDRUSH RESOURCES LTD.
"Len Brownlie"
Len Brownlie - President and Chief Executive Officer
Contact Information:
Goldrush Resources Ltd.
Len Brownlie, President and CEO
info@goldrushresources.ca
1-604-602-9973
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward---looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the Company's plans with respect to future acquisitions, exploration and development. Forward-looking statements in this release including statements regarding the Company's future plans and the funds available to it are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include uncertainties relating to the release of the funds held in escrow, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Copyright (c) 2015 TheNewswire - All rights reserved.
Shareholders voted in favour of all items put forward by the Board of Directors and management for approval at the Meeting . All five individuals nominated for election to the Board of Directors - Allan Williams, Dr. Len Brownlie, Driffield Cameron, Ross McElroy and Robert (Bob) Young - were re-elected.
Shareholders also voted in favour of the reappointment of De Visser Gray LLP, chartered accountants, as auditors of the Company for the ensuing year and authorized the Directors to fix the auditors remuneration.
In addition, the Shareholders passed a special resolution to consolidate the Company's common shares on the basis of a consolidation ratio of between five pre-consolidation common shares for one post-consolidation common share and eight pre-consolidation common shares for one post-consolidation common share, with the consolidation ratio and the effective date to be determined at the discretion of the Goldrush board of directors, subject to TSX Venture Exchange approval. The Company is authorized to abandon or terminate all or any part of the consolidation if the Board considers it appropriate and in the best interests of Goldrush. At this time the Directors have not made a decision to proceed with a consolidation.
About Goldrush:
Goldrush is a well-funded, successful Canadian mineral exploration company focused on gold exploration, with a treasury of approximately CDN$3,500,000.
For further information on Goldrush Resources Ltd., shareholders and other interested parties are invited to visit the Company's website at www.goldrushresources.ca.
ON BEHALF OF THE BOARD OF DIRECTORS, GOLDRUSH RESOURCES LTD.
"Len Brownlie"
Len Brownlie - President and Chief Executive Officer
Contact Information:
Goldrush Resources Ltd.
Len Brownlie, President and CEO
info@goldrushresources.ca
1-604-602-9973
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward---looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the Company's plans with respect to future acquisitions, exploration and development. Forward-looking statements in this release including statements regarding the Company's future plans and the funds available to it are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include uncertainties relating to the release of the funds held in escrow, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Copyright (c) 2015 TheNewswire - All rights reserved.