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Asante Gold Announces Results of Annual and Special General Meeting of Shareholders
VANCOUVER, British Columbia , Dec. 23, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (“Asante” or the “Company” CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:A
About this update from Asante Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia , Dec. 23, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (“Asante” or the “Company” CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) announces the results of its annual meeting of shareholders (the \"Meeting\") held on December 21, 2022. At the Meeting, all matters presented for approval by management were duly authorized and approved, as follows: Fixing the number of Directors at nine (9); Election of the directors as proposed in the Company's management information circular dated November 25, 2022 (the \"Circular\"); Appointment of Auditors; and Approving the Amended and Restated Equity Incentive Plan. Detailed voting results are shown below. As the voting results show, there was a group of shareholders represented at the Meeting who voted against the election of some of the Directors as well as the approval of the Company's Amended and Restated Equity Incentive Plan. It appears that two Directors of the Company, despite having voted for board business which included endorsement of management recommendations for all business proposed, participated in a solicitation of shareholders of the Company against the business they had endorsed in the Circular. The Company is commencing an investigation into these solicitation efforts. The Company cautions that these actions appear to be part of an effort to attempt to take control of the Company without paying fair value to other shareholders. Shareholders are cautioned to take no steps in relation to matters which may be raised by dissidents whom appear to be seeking to promote their own interests over those of all shareholders of the Company. Detailed Voting Results: Resolution Votes For Votes Against Votes Withheld Fixing the Number of Directors at Nine 313,321,856(98.5%) 4,679,425(1.5%) – Appointment of Auditors 163,279,037(97.5%) – 4,169,691(2.5%) Approving the Amended and Restated Equity Incentive Plan 163,642,121(51.5%) 154,359,160(48.5%) – Detailed voting results regarding the election of directors are as follows: Name Outcome of Vote Votes For Votes Withheld Douglas MacQuarrie Elected 163,306,775(51.4%) 154,694,506(48.6%) Nadia Abdul Aziz Elected 164,334,775(51.7%) 153,666,506(48.3%) Bashir Akwasi Ahmed Elected 160,168,109(50.4%) 157,833,172(49.6%) Mohammad S A A Alothman Elected 267,420,481(84.1%) 50,580,800(15.9%) Malik Easah Elected 164,334,...