Caldas Gold Announces Voting Results of the Special Meeting of Shareholders Held Today
TORONTO, June 25, 2020 - Caldas Gold Corp.’s (TSX-V: CGC; OTCQX: ALLXF) Special Meeting of Shareholders was held today. The detailed results of the votes for each matter acted upon are set out below:
| Item | Description of matter | Outcome | Voted | Voted (%) |
| 1. | Fixing the number of directors at seven. | Approved | 43,155,581 For 0 Against | 100.00% 0.00% |
| 2. | The election of the following individuals as directors of the Corporation to hold office until the next annual meeting of the Corporation or until their successors are appointed or elected: | |||
| Belinda Labatte | Approved | 43,155,581 For 0 Against | 100.00% 0.00% | |
| Humberto Calderon Berti | Approved | 43,155,581 For 0 Against | 100.00% 0.00% | |
| 3. | Approval of the Stock Option Plan of the Corporation which fixes the maximum aggregate number of shares reserved for issuance under the plan at 10% of the issued and outstanding common shares of the Corporation, as more particularly described in the Management Information Circular. | Approved | 42,880,506 For 75 Against | 100.00% 0.00% |
| 4. | Approval of the Stock Option Grant of the Corporation which approves the issuances of 4,550,000 stock options pursuant the Corporation’s Stock Option Plan to executive directors, officers, employees and consultants of the Corporation, as more particularly described in the Management Information Circular. | Approved | 42,940,506 For 75 Against | 100.00% 0.00% |
| 5. | Approval of the Directors Deferred Share Unit Plan and all unallocated deferred share units, rights or other entitlements available thereunder, as more particularly described in the Management Information Circular. | Approved | 42,940,506 For 75 Against | 100.00% 0.00% |
| 6. | Approval of the Deferred Share Unit Grant of the Corporation with approves the issuance of 180,000 Deferred Share Units pursuant to the Corporation’s Directors Deferred Share Unit Plan to non-executive directors of the Corporation, as more particularly described in the Management Information Circular. | Approved | 43,155,506 For 75 Against | 100.00% 0.00% |
| 7. | Approval of the Advance Notice Policy, which was adopted by the Board of Directors of the Corporation on March 12, 2020, as more particularly described in the Management Information Circular. | Approved | 43,155,356 For 225 Against | 100.00% 0.00% |
| 8. | Appointing KPMG LLP as auditors of the Corporation at a remuneration to be fixed by the directors. | Approved | 43,155,829 For 0 Withheld | 100.00% 0.00% |
About Caldas Gold
Caldas Gold is a Canadian junior mining company currently advancing a prefeasibility study for a major expansion and modernization of its underground mining operations at its Marmato Project in the Department of Caldas, Colombia with mineral resources of 2.0 million ounces of gold in the Measured and Indicated categories and 3.3 million ounces in the Inferred category. A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Marmato Project, Colombia, dated February 6, 2020 completed by SRK Consulting (U.S.), Inc.) is available on the Company’s SEDAR profile at www.sedar.com.
Additional information on Caldas Gold can be found on its website at www.caldasgold.ca and by reviewing its profile on SEDAR at www.sedar.com.
For Further Information, Contact:
Mike Davies
Chief Financial Officer (416) 360-4653
investorrelations@caldasgold.com