CHINA GOLD INTERNATIONAL RESOURCES CORP. LTD. VANCOUVER, July 27, 2015 /PRNewswire/ - China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the "Company" or "China Gold International Resources") is pleased to announce the voting results and the re-election of its Board of Directors at the Company's annual general and special meeting of shareholders (the "AGM") held on June 30, 2015.
All director nominees were re-elected to the Board of Directors and the detailed results of the vote are presented below:
Director Nominee Results of Election For (%) Withheld (%) Total
---------------- ------------------- ------ ----------- -----
Xin Song Elected 207,780,172 (95.77%) 9,169,920 (4.23%) 216,950,092 (100%)
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Bing Liu Elected 209,673,830 (96.55%) 7,276,262 (3.35%) 216,950,092 (100%)
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Lianzhong Sun Elected 207,771,061 (95.77%) 9,179,031 (4.23%) 216,950,092 (100%)
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Liangyou Jiang Elected 209,766,454 (96.69%) 7,183,638 (3.31%) 216,950,092 (100%)
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Ying Bing Ian He Elected 195,720,749 (90.21%) 21,229,343 (9.79%) 216,950,092 (100%)
---------------- ------- ------------------- ----------------- -----------------
Yunfei Chen Elected 215,994,560 (99.56%) 955,532 (0.44%) 216,950,092 (100%)
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Gregory Clifton Hall Elected 206,635,998 (95.25%) 10,314,094 (4.75%) 216,950,092 (100%)
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John King Burns Elected 215,995,460 (99.56%) 954,632 (0.44%) 216,950,092 (100%)
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Xiangdong Jiang Elected 193,961,719 (89.40%) 22,988,373 (10.60%) 216,950,092 (100%)
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The results of votes on additional matters of business considered at the AGM are shown in two tables below:
Table 1:
Resolution Results of Election For (%) Withheld (%) Total
---------- ------------------- ------ ----------- -----
To appoint Deloitte Approved 231,026,451 (99.99%) 15,323 (0.01%) 231,041,774 (100%)
Touche Tohmatsu as
the auditors of the
Company and
authorize the board
of
directors to fix
their
remuneration
------------
Table 2:
Resolution Results of Election For (%) Against (%) Total
---------- ------------------- ------ ---------- -----
To grant to the
board Approved 191,496,959 (88.28%) 25,427,949 (11.72%) 216,924,908 (100%)
of directors a
general
mandate to allot,
issue and otherwise
deal with unissued
shares not exceeding
20% of the issued
share capital of the
Company
-------
To grant to the
board Approved 216,889,571 (99.98%) 35,337 (0.02%) 216,924,908 (100%)
of directors a
general
mandate to
repurchase shares
not exceeding 10% of
the issued share
capital of the
Company
-------
To extend the share Approved 191,517,637 (88.29%) 25,407,271 (11.71%) 216,924,908 (100%)
allotment mandate by
the addition thereto
of
the shares
repurchased by the
Company
-------
To approve the Approved 62,530,825 (99.93%) 45,353 (0.07%) 62,576,178 (100%)
revision to the
Product and Service
Framework
Agreement and the
transactions
contemplated
thereunder
----------
To approve the Approved 62,537,626 (99.94%) 38,552 (0.06%) 62,576,178 (100%)
revised proposed
annual cap for the
year ending
December 31, 2015
contemplated under
the Product and
Service Framework
Agreement
---------
To approve the Approved 62,552,937 (99.96%) 23,241 (0.04%) 62,576,178 (100%)
proposed annual caps
for the two years
ending December 31,
2016 and 2017
contemplated under
the Product and
Service Framework
Agreement
---------
To approve the Approved 37,168,009 (59.40%) 25,408,169 (40.60%) 62,576,178 (100%)
Financial Services
Agreement and the
transactions
contemplated
thereunder
----------
To approve the Approved 37,173,075 (59.40%) 25,403,103 (40.60%) 62,576,178 (100%)
proposed daily
monetary caps
contemplated under
the Financial
Services
Agreement for the
three years ending
December 31, 2015,
2016 and 2017
-------------
To authorize any one Approved 44,094,721 (70.47%) 18,480,257 (29.53%) 62,574,978 (100%)
director of the
Company to do such
further acts and
things
and to execute or
cause to be
executed,
and to deliver or
cause to be
delivered,
such other documents
and instruments, and
to take all such
steps
which in the opinion
of
such director of the
Company do or cause
to be done all such
other acts and
things,
necessary or
desirable to
implement and/or
carry out and/or
give
effect to the terms
of
the foregoing
Resolutions
-----------
For a detailed look at the voting results please visit the Company's website at www.chinagoldintl.com or SEDAR at www.sedar.com.
About China Gold International Resources
China Gold International Resources Corp. Ltd. is based in Vancouver, BC, Canada and operates both profitable and growing mines, the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Gold Polymetallic Mine in Tibet Autonomous Region of the People's Republic of China. The Company's objective is to continue to build shareholder value by growing production at its current mining operations, expanding its resource base, and aggressively acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX: CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKEx: 2099).
Cautionary Note About Forward-Looking Statements
Certain information regarding China Gold International Resources contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although China Gold International Resources believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. China Gold International Resources cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what China Gold International Resources currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.
SOURCE China Gold International Resources Corp. Ltd.
