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Maple Gold Reports AGM Results and Provides Corporate Update
Montreal, Quebec--(Newsfile Corp. - June 20, 2018) - Maple Gold Mines Ltd.  (TSXV: MGM) ...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Reports AGM Results and Provides Corporate UpdateMontreal, Quebec--(Newsfile Corp. - June 20, 2018) - Maple Gold Mines Ltd.  (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to report AGM results and provide a brief corporate update. The following directors were elected to the board to hold office until the next annual meeting of shareholders of the Company or until their successors are duly appointed or elected.NOMINEEVOTES FOR% FORVOTES WITHHELD% WITHHELDDavid W. Broughton35,982,45799.48186,3880.52Sean Charland36,060,84799.7107,9980.3Jay Chmelauskas36,020,10799.59148,7380.41B. Matthew Hornor36,018,86799.59149,9780.41Pierre Lebel36,023,97599.6148,8700.4Janine North35,998,00599.53170,8400.47Maurice Tagami36,069,37899.7299,4670.28 In addition, shareholders at the AGM approved the Company's stock option plan and the appointment of the Company's auditors.Corporate UpdateMaple Gold is in the process of implementing a number of cost-cutting measures given the current market environment. The Company will provide an update on cost reductions in the coming weeks. Maple Gold expects to report additional drill results from the Douay Gold Project shortly. The Company has experienced longer than anticipated turnaround times on assay results to-date, but expects a steady flow of assay results throughout June and July as additional results are received and interpreted. Maple Gold's President and CEO, Matthew Hornor, stated: \"The market conditions and current Maple Gold share price have both softened recently, but we remain very optimistic about creating shareholder value going forward. The Douay Gold Project hosts a significant gold resource in one of the world's premier mining jurisdictions with excellent infrastructure and exploration upside. We've been very pleased with the discovery of new gold zones and early returns from the recently completed drill program. We still have a significant number of assays to report through June and July and remain on track to complete an updated resource estimate toward year's end.\"Hornor added: \"The Company recently attracted local institutional investors from Quebec approximately two months ago and we continue to have ongoing discussions with other major institutions and mining companies that recognize the opportunity to create meaningful long-t...