VANCOUVER, BC--(Marketwired - May 11, 2017) - Midas Gold Corp. (TSX: MAX) (
Annual General Meeting Voting Result
A total of 106,681,876 million common shares were represented at the AGM, or 59.12% of the votes attached to all outstanding shares at the Company's record date of March 29, 2017. The Company's shareholders voted in favour of the election of all director nominees listed in the Company's management information proxy circular. Detailed results of the vote for the election of directors are as follows:
| Nominee | Votes For | Votes Withheld |
Total Votes Cast * |
Percentage of Votes For |
Percentage of Votes Withheld | |||||
| Keith Allred | 76,415,746 | 164,070 | 76,579,816 | 99.79% | 0.21% | |||||
| Michael Bogert | 76,402,362 | 175,454 | 76,577,816 | 99.77% | 0.23% | |||||
| Victor Flores | 76,316,446 | 263,370 | 76,579,816 | 99.66% | 0.34% | |||||
| Marcelo Kim | 76,313,246 | 266,570 | 76,579,816 | 99.65% | 0.35% | |||||
| Peter Nixon | 76,414,462 | 163,354 | 76,577,816 | 99.79% | 0.21% | |||||
| Stephen Quin | 76,410,046 | 169,770 | 76,579,816 | 99.78% | 0.22% | |||||
| Donald Young | 76,415,062 | 164,754 | 76,579,816 | 99.78% | 0.22% |
| * Not all shares were voted in respect of all motions therefore the combined number of shares voted for or withheld may not add up to the total votes represented at the meeting. |
The directors were elected to hold offices until the next annual meeting of shareholders or until their successors are elected or appointed.
The Company's shareholders also approved the appointment of Deloitte LLP, Chartered Accountants, as the auditors of the Company for the fiscal year ending December 31, 2017 (99.44% voted in favour).
The Company's shareholders also approved and ratified the Company's 2011 Evergreen Incentive Stock Option Plan as required every three years under the policies of the TSX (97.15% voted in favour).
Detailed voting results for the meeting are available on SEDAR at www.sedar.com.
Corporate Update
Following the AGM, Stephen Quin, President & CEO of Midas Gold Corp. provided an update in respect of the Stibnite Gold Project, noting progress on advancing the project towards completion of a feasibility study and advancing the regulatory assessment process for site restoration and mine development. Mr. Quin emphasized opportunities to optimize the proposed development, and the value creation opportunity afforded to shareholders through the successful realization of these opportunities. Previously announced positive results from recently completed metallurgical testing and resource optimization drilling will be incorporated into the ongoing feasibility study. Mr. Quin also noted that, since the filing of the Plan of Restoration and Operations ("PRO") in September 2016, the US Forest Service has declared the PRO administratively complete, has hired a project manager and selected a third-party contractor and, yesterday, announced that public scoping for the upcoming review process may be undertaken in local communities in the fourth week of May 2017. During this scoping period, the public will have the opportunity to provide input regarding the project, as described in the PRO, prior to the US Forest Service undertaking its analysis and consideration of alternatives under the National Environmental Policy Act.
Midas Gold Awarded Corporate Investment and Community Impact (CiCi) Award
Trade & Industry Development Magazine has announced that Midas Gold Idaho is the recipient of a Corporate Investment and Community Impact ("CiCi") award in the 'Community Impact Division'. "This is a great acknowledgement of our efforts in the community and vision for the future," said Laurel Sayer, President of Midas Gold Idaho, Inc. Nomination of Midas Gold Idaho for the CiCi award was submitted by the Idaho Department of Commerce and West Central Mountains Economic Development Council ("WCMED") in recognition of Midas Gold Idaho's robust community engagement programs that include over US$230,000 in corporate giving to community programs, schools and sponsorships, and over 1,800 staff volunteer hours since 2013. Midas Gold joined General Motors, Microsoft, Amazon, Charles Schwab and others in receiving an award in the Community Impact Division.
"The thirty companies represented in the 2017 CiCi Awards have committed to economic development that not only will bring extraordinary capital investment to the communities in which they will locate, but will have an extraordinarily positive impact on those communities, most notably those included in the Community Impact category," commented Scott D. Swoger, publisher of Trade & Industry Development and president of its parent company Due North Media. "The CiCi Awards are unique in that, in addition to commemorating the largest capital investments for development or expansion announced within a designated year, they equally recognize projects for the positive, often transformational, impact they will have on a community, regardless of the amount of money invested by the corporation."
About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries are focused on the exploration and, if warranted, site restoration and development of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.
