Results of 2022 Annual General Meeting

RNS Number : 3106N

Scotgold Resources Ltd

19 January 2023

 

19 January 2023

Scotgold Resources Limited (AIM:SGZ)

("Scotgold" or the "Company")

Results of 2022 Annual General Meeting

The Company confirms that all resolutions put to shareholders at the Annual General Meeting  held today, were carried by way of a Poll.

The Company received valid proxies representing 52.44% of the total number of shares in the Company with voting rights as set out below .

Resolution	For	% of received	Against	% of received	Open Usable	% of received	Abstain	% of received
1: Adoption of the FY 2022 Annual Financial Report	31,291,836	100%	0	0%	0	0%	0	0%
2: Election of Director - Sean Duffy	31,291,079	100.00%	757	0.00%	0	0%	0	0%
3: Election of Director - Evan Spencer	31,290,640	100.00%	1,196	0.00%	0	0%	0	0%
4: Re-election of Director - Ian Proctor	31,290,640	100.00%	1,196	0.00%	0	0%	0	0%

**ENDS**

For further information please contact:

Scotgold Resources Limited Chief Executive Officer Phil Day	Shore Capital Nomad and Broker Toby Gibbs / John More	Celicourt Communications Financial PR Felicity Winkles
	Tel [phone]	Tel [phone] Tel [phone]

Notes

Scotgold Resources Ltd (AIM:SGZ), is Scotland's first commercial gold producer. The Company poured first gold in November 2020 at its Cononish Gold and Silver Mine ('Cononish) in Tyndrum, Scotland and is developing it into a +23,500-ounce gold mine per annum. Cononish is a high-grade underground mining operation with a central processing plant producing gold concentrate for off-take and gold doré for the Scottish Jewellery industry.  The mine has anticipated forecast operating costs of c.£610 per ounce in Q4 2023, which will place Cononish in the lowest quartile of gold mining operations globally.

It is Scotgold's vision to build a mid-tier gold mining company in Scotland with multiple operations in the country that enhance the local environment and economy in ways that have an enduring positive impact.

 

END

 

 

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