VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 11/14/14 — Atlantic Gold Corporation („Atlantic“ or the „Company“) (TSX VENTURE: AGB)(ASX: AGB) today announces the results of voting at its recent Annual General Meeting of
Shareholders („AGM“).
Shareholders voted in favour of all items put forward by the Board of Directors and management. All seven (7) individuals nominated for the board of directors – Steven G. Dean, Robert (Bob) G. Atkinson, W. David Black, Donald Siemens, William (Bill) P. Armstrong, Wally Bucknell and John Morgan – were elected.
Shareholders also voted in favour of:
A total of 48,158,196 common shares and CDI–s of the Company were voted, representing approximately 42% of total shares issued and outstanding as at the record date of the AGM.
Steven Dean, the Company–s executive chairman and John Morgan, the Company–s President, also made a presentation at the meeting. The presentation was a summary of the Company–s investor presentation, which is available for review on the Company–s website .
Corporate and Organizational Changes
In the November 3, 2014 Corporate Update, the Company summarized recent corporate and development milestones that have been met as well as highlighted the next steps for development of its Nova Scotia assets. With over $20 million in the treasury, the Company is well positioned to progress these assets through to construction and continues to actively review new potential acquisition and investment opportunities.
However, the Company is mindful of the current challenges facing the industry in general and has already implemented, and will continue to implement, a number of cost savings initiatives, including employment redundancies, to ensure that the Company preserves its cash balance through the current downturn impacting the industry.
In addition, the Board announces the following senior management changes which take effect immediately:
Steven Dean, Executive Chairman and CEO noted: „We are pleased with the support received from our shareholders through the AGM process. Our primary goal is to deliver value to shareholders and whilst progressing the development of our Nova Scotia assets and seeking new investment and acquisition opportunities, we are mindful of the stresses facing our industry and have taken, and will continue to take, the appropriate steps to conserve cash. I would also like to thank Mr. Shariff for his very significant contribution to the Company over the past 5 years. We wish him well in his future entrepreneurial endeavours.“
Neither the 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.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, „forward-looking statements“. Forward-looking statements may be identified by words including „anticipates“, „believes“, „intends“, „estimates“, „expects“ and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company–s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
Contacts: Atlantic Gold Corporation Steven Dean Executive Chairman +1 (604) 689-5564
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