Business
California Gold Mining Provides Update on Application Made by Former C.E.O. and Director and Annual and Special Meeting of Shareholders
California Gold Mining Provides Update on Application Made by Former C.E.O. and Director and A...
About this update from Canadian Goldfields Discovery Corp
[{"type":"text","content":"California Gold Mining Provides Update on Application Made by Former C.E.O. and Director and Annual and Special Meeting of ShareholdersCalifornia Gold Mining Provides Update on Application Made by Former C.E.O. and Director and Annual and Special Meeting of Shareholders\n\nToronto, Ontario CANADA, January 13, 2014 /FSC/ - California Gold Mining Inc. (CGM - TSX Venture)\n\n\n\nA preliminary hearing on the application brought by Martin Shefsky (\"Shefsky\") and his holding company, previously announced by California Gold Mining Inc. (\"California Gold\" or the \"Company\") on December 23, 2013 was heard in Edmonton, AB before the Court of Queen's Bench of Alberta on January 9, 2014.  The Parties requested, and the Court has ordered that the matter be adjourned until February 5, 2014 at which time a full hearing shall be conducted.  As part of its order, the Court has also deemed the annual and special meeting of shareholders originally scheduled for January 30, 2014 to be adjourned until the date on which a decision on the application is rendered or April 3, 2014, whichever is earlier.\n\nUnless otherwise ordered by the Court, the Court has ordered that all other dates relevant to the meeting shall remain the same and all proxy votes validly submitted by shareholders shall be counted.  The Company shall not be required to deliver a further notice of meeting or management information circular in respect of the adjourned meeting.  The Company will provide shareholders with seven calendar days' advance notice of the adjourned meeting.\n\nThe Company continues to believe that the allegations made by Shefsky and his holding company are groundless and the Company intends to defend the matter vigorously. The Company will take the steps necessary to file a response to the application and will issue further news releases as warranted.\n\nAbout California Gold Mining Inc.\n\nCalifornia Gold Mining Inc. (formerly Upper Canada Gold Corp. TSX-V:UCC) is focused on developing its flagship Fremont gold project in Mariposa County, California. The project consists of a land package totaling 3,351 acres of historically producing gold mines. The Fremont Property lies within California's prolific Mother Lode Gold Belt that has produced over 50 million oz of gold historically. The Company purchased the property i...