Goldgroup Provides Update in Respect of Majority Voting Policy
17 August 2019 - 1:54AM
Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA,
OTC:GGAZF, BMV SIX:GGAN.MX) announces that further to its Annual
General Meeting of Shareholders (“AGM”) of the Company held on July
31, 2019, directors Keith Piggott and Harry Burgess have not
tendered their resignations as directors pursuant to the Company’s
Majority Voting Policy, due to mitigating circumstances which have
been communicated to the TSX. As required by the TSX, the Company’s
Majority Voting Policy requires a director who receives more
“withheld” votes than “for” votes in the election of directors to
immediately tender his or her resignation as a director.
Please refer to the Company’s news release of August 2, 2019 for
details of the AGM votes.
About Goldgroup
Goldgroup is a Canadian-based gold production,
development, and exploration Company with a significant upside in a
portfolio of projects in Mexico and Ecuador, including a 50%
interest in DynaResource de Mexico, S.A. de C.V., which owns 100%
of the high-grade gold exploration project, San José de Gracia
located in the State of Sinaloa. The Company operates its
100%-owned Cerro Prieto heap-leach gold mine, in the State of
Sonora, Mexico, and is continuing the environmental assessment and
permitting processes to advance to production the El Mozo property
in Ecuador.
Goldgroup is led by a team of highly successful
and seasoned individuals with extensive expertise in mine
development, corporate finance, and exploration in Mexico and
Ecuador. Goldgroup's mission is to increase gold production,
mineral resources, profitability and cash flow, with a view to
building a leading gold producer.
For further information on Goldgroup, please
visit www.goldgroupmining.com
On behalf of the Board of
Directors
Investor Relations Toll
Free: 1-877-655-ozAu (6928)
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