LAKEWOOD, Colo., June 27, 2018 /PRNewswire/ -- Pershing Gold
Corporation (NASDAQ:PGLC) (TSX: PGLC) (FWB:7PG1) ("Pershing Gold"
or the "Company"), an emerging Nevada gold producer advancing the Relief
Canyon Mine, announces that all the proposed resolutions were
passed at its annual general meeting ("AGM") held Friday, June 22, 2018.
The results of the voting were as follows:
Resolution 1
Each member of the Company's board of directors was re-elected.
Results of the vote are as follows:
Nominee
|
Votes
For
|
Votes
Withheld
|
Percentage
of Votes
For
|
Percentage
of Votes
Withheld
|
Stephen
Alfers
|
15,218,336
|
165,181
|
98.93%
|
1.07%
|
Jeffrey
Clevenger
|
15,219,364
|
164,153
|
98.93%
|
1.07%
|
Barry
Honig
|
15,177,214
|
206,303
|
98.66%
|
1.34%
|
Edward
Karr
|
15,136,454
|
247,063
|
98.39%
|
1.61%
|
Pamela
Saxton
|
15,218,922
|
164,595
|
98.93%
|
1.07%
|
Resolution 2
The Pershing Gold Corporation Amended and Restated 2013 Equity
Incentive Plan (the "Plan") was approved by the shareholders. The
Plan was amended and restated to, among other things:
- Increase the number of common shares reserved and authorized
for issuance under the Plan from 2,222,222 to 4,575,000 common
shares;
- Limit the amount of cash and equity compensation directors may
receive in any fiscal year to US$300,000 in cash and US$300,000 in equity grants;
- Restrict recipients of restricted stock issued after the
adoption of the Plan from voting such shares until the restricted
stock become vested;
- Prohibit payment of accrued dividends on unvested restricted
stock unless and until the related restricted stock becomes vested;
and
- Extend the expiration date of the Plan from February 11, 2023 to April
28, 2028.
Pershing Gold is an "Eligible International Interlisted Issuer"
as defined in the Toronto Stock Exchange ("TSX") Company Manual
(the "Manual"). As such, the Company has applied for an exemption
pursuant to Section 602.1 of the Manual from Section 613 of the
Manual, the effect of which is that, subject to the satisfaction of
certain conditions prescribed by the TSX, the Company will not have
to comply with certain Canadian requirements in connection with the
Plan.
Resolution 3
The ratification of the appointment of KBL, LLP as the Company's
independent registered public accounting firm for the fiscal year
ending December 31, 2018 was approved
by a vote of the shareholders.
About Pershing Gold Corporation
Pershing Gold is an
emerging gold producer whose primary asset is the Relief
Canyon Mine in Pershing County,
Nevada. Relief Canyon includes three historic open-pit mines
and a state-of-the-art, fully permitted and constructed heap-leach
processing facility. Pershing Gold is currently permitted to resume
mining at Relief Canyon under the existing Plan of Operations.
Pershing Gold's landholdings cover approximately 25,000 acres
that include the Relief Canyon Mine asset and lands surrounding the
mine in all directions. This land package provides Pershing Gold
with the opportunity to expand the Relief Canyon Mine deposit and
to explore and make new discoveries on nearby lands.
Pershing Gold is listed on the NASDAQ Global Market and the
Toronto Stock Exchange under the symbol "PGLC" and on the Frankfurt
Stock Exchange under the symbol "7PG1".
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SOURCE Pershing Gold Corporation