Result of AGM

RNS Number : 4124U

Scotgold Resources Ltd

02 December 2013

 

2 December 2013

SCOTGOLD RESOURCES LIMITED

("SCOTGOLD" OR "THE COMPANY")

RESULT OF ANNUAL GENERAL MEETING 28 NOVEMBER 2013

The company advises that the resolutions considered by shareholders at the Annual General Meeting of Scotgold Resources Limited held on 28 November 2013 were duly passed.

The results of the meeting were as follows:

1.         Adoption of Remuneration Report                                                            Passed

2.         Re-Election of Director - Mr P Jackson                                                    Passed

3.         Approval of 10% Placement Facility                                                        Passed

4.         Ratification of Unlisted Options - 7 December 2012                                  Passed

5.         Ratification of Broker Options - 7 December 2012                                    Passed

6.         Ratification of RMB Options - 9 April 2013                                               Passed

7.         Ratification of Placement Shares - 16 September 2013                             Passed

For the purposes of Section 251AA of the Corporations Act 2001 the company advises that each of the resolutions were passed on a show of hands.

Set out below is the proxy information required by Section 251AA.

	In Favour	Against	Abstain	Proxy Discretion
Resolution 1	131,115,686	68,750	48,000	485,000
Resolution 2	133,635,378	13,750	48,000	485,000
Resolution 3	133,533,969	115,159	48,000	485,000
Resolution 4	133,580,378	68,750	48,000	485,000
Resolution 5	133,580,378	68,750	48,000	485,000
Resolution 6	133,588,969	60,159	48,000	485,000
Resolution 7	133,580,378	68,750	48,000	485,000

For further information please contact:

United Kingdom:

Scotgold Resources Limited	Westhouse Securities Limited	Bankside Consultants
John Bentley (Chairman) Tel: + 44 (0)7785 921505 Chris Sangster (CEO)	Richard Baty / Martin Davison	Simon Rothschild
Tel: [phone]	Tel: [phone]	Tel [phone]

Australia:

Scotgold Resources Limited	Professional Public Relations
Peter Newcomb (Company Secretary)	Belinda Newman
Tel:         [phone]	Tel:         [phone] Mobile:   [phone]

Background

Scotgold Resources

•           Scotgold Resources is a mining exploration and development company listed on the Australian Securities Exchange in January 2008 and the AIM market of the London Stock Exchange in the UK in February 2010.

•           The Company was formed with its sole focus on exploring for gold and silver in Scotland, with the already identified Cononish Gold and Silver Project as its core asset. Once in production, the Project will be Scotland's first commercial gold mine.

•           The Company holds Crown options of some 4200km2 covering the highly prospective Dalradian terrain in the SW Grampians of Scotland

•           Scotgold acquired the Cononish Gold and Silver Project in 2007 and has been working towards bringing the project to production in conjunction with its ongoing exploration efforts at Cononish and in the south west Grampians.

•           In July 2011 Scotgold submitted its reapplication for planning permission, which was recommended for approval in October 2011 subject to finalizing conditions and various legal agreements

•           In February 2012, the Decision Notice granting planning permission was issued by the Planning Authority and the Crown lease granted in May 2012

 

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