Sabre Gold Announces Results of 2021 Annual and Special Meeting of Shareholders
On December 17, 2021, Sabre Gold Mines Corp. (TSX:SGLD; OTCQB:SGLDF) announced that shareholders approved all resolutions at its Annual and Special Meeting.
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Rhea-AI Summary
On December 17, 2021, Sabre Gold Mines Corp. (TSX:SGLD; OTCQB:SGLDF) announced that shareholders approved all resolutions at its Annual and Special Meeting. A total of 238,344,192 common shares were voted, representing 37.66% of all outstanding shares. Key resolutions included the election of directors, appointment of an auditor, and approval of a long-term incentive plan, all achieving substantial shareholder support. The company, known for its Copperstone and Brewery Creek gold mines, is positioned as a near-term gold producer with significant exploration potential.
Positive
- Shareholders approved all resolutions at the Annual and Special Meeting, demonstrating strong support.
- Copperstone and Brewery Creek mines have considerable exploration upside with over 230 square kilometers of land.
Negative
- None.
Details
News Market Reaction – SGLDF
The recorded move for SGLDF in the trading session of this news was -1.96%.
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VANCOUVER, British Columbia, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Sabre Gold Mines Corp. (TSX:SGLD; OTCQB:SGLDF) (the “Company” or “Sabre Gold”) announces that shareholders voted in favor of all resolutions presented in its management information circular at the Annual and Special Meeting of Shareholders (the “Meeting”) held on December 17, 2021. A total of 238,344,192 common shares were voted at the Meeting, representing
| Votes | |||
| Description | Outcome | Votes For | Withheld |
| Election of Directors | |||
| William M. Sheriff | Carried | 191,329,827 | 32,170,653 |
| Fahad Al Tamimi | Carried | 188,681,371 | 34,819,109 |
| Claudio Ciavarella | Carried | 188,653,959 | 34,846,521 |
| Tony Lesiak | Carried | 193,719,460 | 29,781,020 |
| Stefan Spears | Carried | 193,721,872 | 29,778,608 |
| Giulio Bonifacio | Carried | 187,219,880 | 36,280,600 |
| Appointment of Auditor | Carried | 235,065,528 | 3,278,664 |
| Long-Term Incentive Plan | Carried | 185,776,416 | 37,724,064 |
| Share Consolidation | Carried | 194,102,767 | 44,241,424 |
| Reduction in Stated Capital | Carried | 181,527,606 | 41,972,874 |
About Sabre Gold Mines Corp.
Sabre Gold is a diversified, multi-asset near-term gold producer in North America which holds 100-per-cent ownership of both the fully permitted Copperstone gold mine located in Arizona, United States, and the Brewery Creek gold mine located in Yukon, Canada, both of which are former producers. Management intends to restart production at Copperstone followed by Brewery Creek in the near term. Sabre Gold also holds other investments and projects at varying stages of development.
Sabre Gold has approximately 1.5 million ounces gold in the Measured and Indicated categories, and approximately 1.2 million ounces gold in the Inferred category. Additionally, both Copperstone and Brewery Creek have considerable exploration upside with a combined land package of over 230 square kilometers that will be further drill tested with high-priority targets currently identified. Sabre Gold is led by an experienced team of mining professionals with backgrounds in exploration, mine building and operations.
For further information please visit the Sabre Gold Mines Corp. website (www.sabre.gold).
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking information under Canadian securities legislation including statements regarding drill results, potential mineralization, potential expansion and upgrade of mineral resources and current expectations on future exploration and development plans. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to: the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; reliance on third parties, exploration risk, failure to upgrade resources, the degree to which mineral resource and reserve estimates are reflective of actual mineral resources and reserves; the degree to which factors which would make a mineral deposit commercially viable are present, and the risks and hazards associated with underground operations and other risks involved in the mineral exploration and development industry. Risks and uncertainties about Sabre Gold’s business are more fully discussed in the Company’s disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Sabre Gold assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.
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