TORONTO, June 20, 2018 /CNW/ - Jubilee Gold Exploration
Ltd. (TSX.V: JUB) (the "Corporation") reports the
results of its Annual General Meeting (the "Meeting") of
holders of Class A Common Shares of the Corporation (the
"Shareholders") held on June 19,
2018.
The total number of shares represented at the meeting was
7,171,613 representing approximately 91.57% of the 7,831,578 issued
and outstanding Class A Common Shares of the Corporation.
The following five (5) director nominees, as set out in the
management information circular dated May
15, 2018 (the "Information Circular"), were elected
to serve as directors of the Corporation, to hold office until the
next annual meeting or until their successors are otherwise elected
or appointed:
|
1. Jeffrey J.
Becker
|
97.40% For; 2.60%
Withheld/Abstain
|
|
2. Warren
Becker
|
97.40% For; 2.60%
Withheld/Abstain
|
|
3. Michael
Burke
|
97.41% For; 2.59%
Withheld/Abstain
|
|
4. Grant V.
Ohman
|
97.41% For; 2.59%
Withheld/Abstain
|
|
5. Summer J.
Becker
|
97.40% For; 2.60%
Withheld/Abstain
|
The Shareholders approved UHY McGovern Hurley LLP, Chartered
Accountants ("MHC"), by a vote of 97.41% For; 2.59%
Withheld/Abstain, to serve as auditor of the Corporation, to hold
office until the next annual meeting of Shareholders of the
Corporation or until their successors are appointed and that the
remuneration of the auditor be fixed by the Board of Directors of
the Corporation.
Further details on these matters are set forth in the
Corporation's materials accessible on the Corporation's SEDAR
corporate profile page.
This news release contains forward-looking statements, which
address future events and conditions, which are subject to various
risks and uncertainties. The Corporation's actual results, programs
and financial position could differ materially from those
anticipated in such forward-looking statements as a result of
numerous factors, some of which may be beyond the Corporation's
control. These factors include: the availability of funds; the
timing and content of work programs; results of exploration
activities and development of mineral properties, the
interpretation of drilling results and other geological data, the
uncertainties of resource and reserve estimations, receipt and
security of mineral property titles; project cost overruns or
unanticipated costs and expenses, fluctuations in metal prices;
currency fluctuations; and general market and industry
conditions.
Forward-looking statements are based on the expectations and
opinions of the Corporation's management on the date the statements
are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.
Neither 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.
SOURCE Jubilee Gold Exploration Ltd.