REG - Caracal Gold PLC - Results of General Meeting

Caracal GoldAnnouncement

09/10/2023 08:45

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RNS Number : 4015P  Caracal Gold PLC  09 October 2023

Caracal Gold plc

('Caracal' or the 'Company')

Results of General Meeting

Caracal Gold plc, the expanding East African gold producer with over
1,300,000oz JORC-compliant gold resources, is pleased to announce that all
resolutions proposed to shareholders at the General Meeting ("General
Meeting") held at 4.45pm on Friday 6(th) October 2023 were duly passed on a
show of hands.

The proxy votes received in relation to these resolutions were as follows:

 Resolution                                                                 Total Shares Voted                        Shares
                                                                                                                      For               % of votes  Against         % of votes  Withheld
 Ordinary Resolution:                                                                      425,492,788                   416,421,462    98.43%         6,628,989    1.57%         2,442,337

1. To authorise the Directors of Caracal to allot securities up to an
 aggregate nominal amount of £1,068,376.08.
 Special Resolution:                                                                       425,492,788                   415,753,282    98.28%         7,297,169    1.72%        2,442,337

2. To empower the Directors of Caracal to disapply statutory pre-emption
 rights to allot equity securities for cash on a non-pre-emptive basis.

A vote withheld is not a vote in law and is not counted in the calculation of
the proportion of votes "For" or "Against" any of the resolutions.

**ENDS**

 

 Caracal Gold plc

 Simon Grant Rennick

 Robbie McCrae                                       robbie@kilimapesa.com
 VSA Capital Limited                                 +44 203 005 5000

 Financial Adviser and Broker

 Andrew Raca (Corporate Finance)

 DGWA, the German Institute for Asset and            info@dgwa.org (mailto:info@dgwa.org)

 Equity Allocation and Valuation

 European Investor and Corporate Relations Advisor

 Katharina Löckinger

 

Notes:

Caracal Gold plc is an expanding East African focused gold producer with a
clear path to grow production and resources both organically and through
strategic acquisitions. Its aim is to rapidly increase production to
+50,000ozs p.a. and build a JORC compliant resource base of +3Moz. The company
is progressing a well-defined mine optimisation strategy at its 100% owned
Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion
potential and the ability to increase gold production to 24,000oz p.a. and the
resource to +2Moz (current JORC compliant resources of approx. 706,000oz).
Alongside this, Caracal is undertaking a targeted exploration programme at the
Nyakafuru Project in Tanzania, which has an established high-grade shallow
gold resource of 658,751oz at 2.08g/t contained within four deposits over 280
km2 and appears amenable to development as a large scale conventional open pit
operation.

Caracal's experienced team has a proven track record in successfully
developing and operating mining projects throughout Africa.

The Company is a responsible mining and exploration company and supports the
positive social and economic change that it contributes to the communities in
the regions that it operates. It is a proudly East African-focused company: it
buys locally, employs locally, and protects the environment and its employees
and their families' health, safety, and wellbeing.

Caracal's shares are quoted on the Main Market of the London Stock Exchange
(LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK). The Company is
also in the process of listing on the Nairobi Securities Exchange.

 

 

 

 

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