Business
Stellar Africagold Opawica Sale Closed and AGM Results
(via TheNewswire) Vancouver, BC / TheNewswire / December 20, 2018 - John Cumming , ...
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"Stellar Africagold Opawica Sale Closed and AGM Results(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / December 20, 2018 - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX-V: SPX) (\"Stellar\" or the \"Company\") is pleased to report the closing of the Opawica sale and the results of the Company's Annual General Meeting.\n\n \n \nResults of Annual and Special General Meeting \n\n \n \nThe Annual and Special General Meeting of Shareholders (the \"Meeting\") of the Company was held on December 18, 2018 in Vancouver, BC. At the Meeting, shareholders approved all resolutions put before them by management including the election of all nominees for the board of directors, the appointment of the auditor, the approval of the Company's incentive stock option plan, the sale of the Opawica mineral claims, the continuance of the Company into British Columbia and the Plan of Arrangement.\n\n \n \nTotal Voting Shares\n\n \n \nA total of 12,177,004 shares representing 19.05% of the issued capital were voted at the annual meeting. No shares or proxies were disqualified. \n\n\n \n\nElection of the Board of Directors\n\n \n\nDirectors\n\n\n\n\nVotes For\n\n\n\n\nVotes Withheld\n\n\n\n\nMaurice Giroux\n\n\n\n\n11,804,068 (99.92%)\n\n\n\n\n10,020 (0.08%)\n\n\n\n\nJohn Cumming\n\n\n\n\n11,804,068 (99.92%)\n\n\n\n\n10,020 (0.08%)\n\n\n\n\nJohn Ryan\n\n\n\n\n11,804,068 (99.92%)\n\n\n\n\n10,020 (0.08%)\n\n\n\n\nFrancois Lalonde\n\n\n\n\n11,804,068 (99.92%)\n\n\n\n\n10,020 (0.08%)\n\n\n \n \nAppointment of Auditors\n\n\n \n\nThe shareholders re-appointed Morgan LLP, Chartered Accountants, as the Company's auditor and authorized the directors to fix the auditors remuneration.\n\n\n \n\nIncentive Stock Option Plan \n\n\n \n\nThe shareholders approved the Company's incentive stock option plan. \n\n \n \nOpawica Sale \n\n\n \nThe shareholders approved the sale of the Opawica property to Mosaic Minerals Corp. (see news releases June 28 and August 9, 2018). The TSX has approved the release of the Mosaic shares from escrow and the transaction is fully closed.\n\n\n \nAs previously announced, Stellar's decision to focus exclusively in Guinea on its gold exploration and development at Balandougou dictated that Stellar divest of all non-core assets. To best monetize its remaining non-core asset Stellar agreed to sell Opawi...