|By Marketwired .||
|May 29, 2014 06:37 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/29/14 -- Kaminak Gold Corporation (TSX VENTURE:KAM) is pleased to announce the voting results of its Annual General Meeting held on May 29, 2014 in Vancouver, British Columbia. Shareholders voted to re-elect the Company's six member Board of Directors (the "Board") as well as to approve its Stock Option Plan and Advance Notice Policy with 40.69% of shares outstanding represented at the meeting.
A summary of voting results relating to the re-election of the Company's Board can be found below.
Name Votes "For" % For Votes Withheld % Withheld Ms. Eira M. Thomas 18,523,928 83.07% 3,775,192 16.93% Mr. John Robins 18,358,250 82.33% 3,940,870 17.67% Mr. James Paterson 18,526,853 83.08% 3,772,267 16.92% Mr. D. Bruce McLeod 18,530,128 83.10% 3,768,992 16.90% Mr. Richard Hall 22,191,328 99.52% 107,792 0.48% Mr. Bradley Blacketor 22,175,703 99.15% 123,417 0.85%
In addition, Kaminak shareholders also voted in favour of ratifying and approving:
-- Davidson & Company LLP as the Company's auditors with 42,715,082 (99.15%) total votes cast "For" and 366,190 (0.85%) total votes "Withheld"; -- the Company's rolling stock option plan (the "Option Plan") whereby the Company is authorized to grant stock options of up to 10% of its issued and outstanding shares, from time to time with 12,865,089 (57.69%) total votes cast "For" and 9,434,031 (42.31%) total votes "Against"; and -- the Advance Notice Policy adopted by the Company on May 31, 2013 with 16,785,165 (75.27%) total votes cast "For" and 5,513,955 (24.73%) total votes "Against".
Kaminak's Board of Directors would like to thank the Company's shareholders for their continued support.
About Kaminak Gold Corporation
Kaminak is exploring the 100% owned Coffee Gold Project, a multi-million ounce, high-grade oxide gold district that is amenable to heap leaching and located in the Yukon Territory, Canada. Since making the initial discovery in 2010, the company has spent $65 million and drilled over 185,000 metres resulting in 16 separate and distinct discoveries and a NI 43-101 Mineral Resource Estimate consisting of an Indicated Resource of 14 million tonnes grading at 1.56g/t Au for 719,000 ounces and an Inferred Resource of 79 million tonnes grading at 1.36g/t Au for 3,434,000 ounces of gold at a base case cut-off of 0.5g/t Au for Oxide and Transitional material and a 1g/t Au cut-off for Sulphide material. 2014 will be another benchmark year for the company as it delivers its first Preliminary Economic Assessment at Coffee and embarks on another aggressive drill campaign.
On behalf of the Board of Directors of Kaminak
Eira Thomas, President and CEO
Kaminak Gold Corporation
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.
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