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Xtra-Gold Reports Voting Results of Its Special Meeting of Stockholders
Toronto, Ontario--(Newsfile Corp. - November 16, 2012) - Xtra-Gold Resources Corp. (TSX: XTG) (...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"\nXtra-Gold Reports Voting Results of Its Special Meeting of Stockholders\n\nToronto, Ontario--(Newsfile Corp. - November 16, 2012) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGR) (“Xtra-Gold” or the “Company”) is pleased to announce that Proposal 1 authorizing a change of the jurisdiction of incorporation of our Company from Nevada to the British Virgin Islands (the “Continuation”) was approved by more than 99% of the votes cast at the Company's special meeting of stockholders held on November 16, 2012. The Company intends to file a plan of conversion and articles of conversion in Nevada and a memorandum and articles of association in the British Virgin Islands to affect the Continuation. The Company’s shares will continue to trade on the TSX, and the Company will issue a further press release and advise when the Continuation into the British Virgin Islands has become effective and all regulatory approvals have been obtained. Property Update A link to a map depicting the initial Zone 5 trenching and channel sampling results, which were announced in a news release on November 12, 2012, has been posted on our web site at www.xtragold.com (see November 12, 2012 news release). About Xtra-Gold Resources Corp. Xtra-Gold is a gold exploration company with a substantial land position in the Kibi greenstone belt (“Kibi Gold Belt”) located in Ghana, West Africa. The Kibi Gold Belt, which exhibits many similar geological features to Ghana’s main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Xtra-Gold holds five (5) Mining Leases totaling approximately 226 sq km (22,600 ha) at the northern extremity of the Kibi Gold Belt. The Company’s exploration efforts to date have focused on the Kibi Project located on the Apapam Concession (33.65 sq km), along the eastern flank of the Kibi Gold Belt. Xtra-Gold’s Kibi Project consists of an over 5.5 km long mineralized trend delineated from gold-in-soil anomalies, geophysical interpretations, trenching and drilling along the northwest margin of the Apapam Concession. Forward-L...