REG - Scotgold Resources - Result of AGM

Scotgold ResourcesAnnouncement

25/01/2022 11:45

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RNS Number : 5769Z  Scotgold Resources Ltd  25 January 2022

25 January 2022

 

Scotgold Resources Limited (AIM:SGZ)

("Scotgold" or the "Company")

Results of 2021 Annual General Meeting

Scotgold Resources Limited (AIM:SGZ), the gold exploration and production
company focused on Scotland, announces that all resolutions put to
shareholders at the Company's AGM held today were duly approved.

 

The results of the proxy votes cast in advance of the meeting were as set out
below.

 

 

 Resolution                                             For           Against  Discretionary  Abstain
 1.   Adoption of FY 2021 Annual Financial Report       38,452,484    0        6434           -
 2.   Election of director - Phillip Day                 38,452,484   0        6434           -
 3.   Re-election of director - Richard Gray            38,346,807    0        6434           105,677
 4.   Re-election of director - Phillip Jackson         38,409,171    0        6434           43,313
 5.   Re-election of director - William Styslinger      31,971,398    0          6434         6,481,086
 6.   Re-election of director - Peter Hetherington      33,835,510    0        6434           4,616,974

 

 

 

 

**ENDS**

For further information please contact:

 

 Scotgold Resources Limited  SP Angel Corporate Finance LLP   Celicourt Communications
  Chief Executive Officer     Nomad and Broker                Financial PR

  Philip Day                 Ewan Leggat / Charlie Bouverat   Felicity Winkles
                             Tel +44 (0) 20 3470 0470         Tel +44 (0) 208 434 2643

                                                              Tel +44 (0) 774 8843 871

 Notes

 

Scotgold Resources Ltd (AIM:SGZ), is Scotland's first commercial gold
producer. The Company poured first gold in November 2020 at its Cononish Gold
and Silver Mine ('Cononish) in Tyndrum, Scotland and is developing it into a
+23,500-ounce gold mine per annum by end of Q1 2023. Cononish is a high-grade
underground mining operation with a central processing plant producing gold
concentrate for off-take and gold doré for the Scottish Jewellery industry.
Once in full production, the mine has anticipated forecast operating costs of
c.£544/oz AISC, which will place Cononish in the lowest quartile of gold
mining operations globally.

It is Scotgold's vision to build a mid-tier gold mining company in Scotland
with multiple operations in the country that enhance the local environment
and economy in ways that have an enduring positive impact.

 

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