Tickers: XTSX:GOD
Tags: Mining
Vancouver, British Columbia / TheNewswire / October 26, 2015 - Goldrush Resources Ltd. (TSX-V: GOD) ('Goldrush' or the 'Company') is pleased to announce the results of the voting at its Annual and Special Meeting of Shareholders (the 'Meeting') held on Monday, October 26, 2015. A total of 52,503,711 Goldrush common shares were voted, representing 33.1% ofthe total shares issued and outstanding on September 15, 2015, the record date for the Meeting.
Shareholders voted in favour of all items put forward by the Board of Directors and management for approval at the Meeting . All five individuals nominated for election to the Board of Directors - Allan Williams, Dr. Len Brownlie, Driffield Cameron, Ross McElroy and Robert (Bob) Young - were re-elected.
Shareholders also voted in favour of the reappointment of De Visser Gray LLP, chartered accountants, as auditors of the Company for the ensuing year and authorized the Directors to fix the auditors remuneration.
In addition, the Shareholders passed a special resolution to consolidate the Company's common shares on the basis of a consolidation ratio of between five pre-consolidation common shares for one post-consolidation common share and eight pre-consolidation commonsharesforonepost-consolidationcommonshare,withtheconsolidationratio and the effective date to be determined at the discretion of the Goldrush board of directors, subject to TSX Venture Exchange approval. The Company is authorized to abandon or terminate all or any part of the consolidation if the Board considers it appropriateandinthebestinterestsofGoldrush. AtthistimetheDirectorshavenot made a decision to proceed with a consolidation.
About Goldrush:
Goldrushisawell-funded,successfulCanadianmineralexplorationcompanyfocusedon
gold exploration, with a treasury of approximately CDN$3,500,000.
ForfurtherinformationonGoldrushResourcesLtd.,shareholdersandotherinterested parties are invited to visit the Company's website at www.goldrushresources.ca .
ONBEHALFOFTHEBOARDOFDIRECTORS,
GOLDRUSHRESOURCESLTD.
'LenBrownlie'
LenBrownlie-PresidentandChiefExecutiveOfficer
ContactInformation: LenBrownlie,PresidentandCEO: i nfo @ go l d r u s h r e s ou r ce s. c a
1-604-602-9973
NeithertheTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinpoliciesoftheTSXVentureExchange)acceptsresponsibilityfortheadequacyoraccuracyofthisrelease.
FORWARD--LOOKINGSTATEMENTS:Thisnews releasecontains certain'forward--lookingstatements'withinthemeaningofSection21EoftheUnitedStatesSecuritiesExchangeActof1934,asamended.Exceptforstatementsofhistoricalfactrelating to the Company,certaininformationcontained hereinconstitutesforward--lookingstatements.Forward--lookingstatementsare frequentlycharacterizedbywordssuchas'plan,''expect,''project,''intend,''believe,''anticipate', 'estimate'andothersimilarwords,or statements thatcertainevents orconditions'may'or'will'occur,andinclude,withoutlimitation,statementsregardingtheCompany's plans withrespecttofutureacquisitions,explorationanddevelopment.Forward--lookingstatementsinthisrelease includingstatementsregardingthe Company'sfutureplansand the fundsavailableto itare based onthe opinionsand estimatesofmanagementatthedatethestatementsaremade,and aresubjectto a variety ofrisksand uncertaintiesand otherfactorsthatcould causeactualeventsorresultsto differmateriallyfromthoseprojectedin the forward--lookingstatements.Thesefactorsincludeuncertaintiesrelatingtothe releaseofthe fundsheldinescrow,theinherent risksinvolvedintheexplorationand developmentofmineralproperties,theuncertaintiesinvolvedin interpretingdrillingresultsandothergeologicaldata,fluctuatingmetalprices,the possibilityofprojectcostoverrunsorunanticipatedcostsandexpenses,uncertaintiesrelatingtothe availability and costsoffinancing needed inthe futureand otherfactors.TheCompany undertakesno obligationto updateforward--lookingstatementsif circumstancesormanagement's estimates or opinions shouldchange.Thereader
iscautionednottoplaceunduerelianceon forward--lookingstatements.
Copyright (c) 2015 TheNewswire - All rights reserved.
Powered by WPeMatico