Argonaut Gold Update for Annual and Special Meeting of Shareholders
25 April 2012 - 5:06PM
Marketwired
Argonaut Gold Inc. ("Argonaut Gold" or the "Company") (TSX:AR),
announced today that the Company has adopted certain amendments
applicable to the business before its annual and special meeting of
shareholders to be held on May 8, 2012 (the "Meeting"). The
particulars of the amendments are set out below.
In reaction to comments of certain proxy advisory services
firms, Argonaut Gold has renamed its Compensation and Governance
Committee, the "Nominating, Compensation and Governance Committee".
Argonaut Gold confirms that all members of this committee are
independent directors, and that this committee has recommended
nomination of all of the nominees for election to the Board of
Directors of Argonaut Gold, including Mr. Pete Dougherty, the
Company's President and Chief Executive Officer.
Further, Argonaut Gold has made the following amendments to its
by-law which is being presented for approval at the Meeting: (i)
increasing the quorum requirement for shareholder meetings to any
two persons representing at least 25% of eligible votes, (ii)
requiring all members of the audit committee to be independent
directors (which conforms with the current practices of Argonaut
Gold), and (iii) providing that the Chair of the Board of Directors
shall not have a casting or second vote in the event of a tie
vote.
The full text of the amended by-law will be available on the
Company's profile on SEDAR at www.sedar.com.
About Argonaut Gold
Argonaut is a Canadian gold company engaged in exploration, mine
development and production activities. Its primary assets are the
production-stage El Castillo Mine in the State of Durango, Mexico,
the La Colorada Mine in the State of Sonora, Mexico, the advanced
exploration stage San Antonio project in the State of Baja
California Sur, Mexico, and several exploration stage projects, all
of which are located in Mexico.
Creating Value Beyond Gold
Cautionary Note Regarding Forward-looking Statements
This press release contains certain "forward-looking statements"
and "forward-looking information" under applicable Canadian
securities laws concerning the proposed transaction and the
business, operations and financial performance and condition of
Argonaut Gold Inc. ("Argonaut"). Forward-looking statements and
forward-looking information include, but are not limited to,
statements with respect to estimated production and mine life of
the various mineral projects of Argonaut; synergies and financial
impact of completed acquisitions; the benefits of the development
potential of the properties of Argonaut; the future price of gold,
copper, silver; the estimation of mineral reserves and resources;
the realization of mineral reserve estimates; the timing and amount
of estimated future production; costs of production; success of
exploration activities; and currency exchange rate fluctuations.
Except for statements of historical fact relating to Argonaut,
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.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are based on
a number of assumptions and 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. Many of these assumptions are based on
factors and events that are not within the control of Argonaut and
there is no assurance they will prove to be correct.
Factors that could cause actual results to vary materially from
results anticipated by such forward-looking statements include
changes in market conditions, variations in ore grade or recovery
rates, risks relating to international operations, fluctuating
metal prices and currency exchange rates, changes in project
parameters, the possibility of project cost overruns or
unanticipated costs and expenses, labour disputes and other risks
of the mining industry, failure of plant, equipment or processes to
operate as anticipated. Although Argonaut has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Argonaut undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions
should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking
statements. Statements concerning mineral reserve and resource
estimates may also be deemed to constitute forward-looking
statements to the extent they involve estimates of the
mineralization that will be encountered if the property is
developed. Comparative market information is as of a date prior to
the date of this presentation.
Contacts: Argonaut Gold Inc. Nichole Cowles Investor Relations
Manager (775) 284-4422 x 101nichole.cowles@argonautgoldinc.com
www.argonautgoldinc.com
Argonaut Gold (TSX:AR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Argonaut Gold (TSX:AR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024