Vancouver, British Columbia–(June 6, 2023) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) is pleased to announce that at the 2023 Annual General Meeting (“AGM”) held on June 6, 2023 in Vancouver, British Columbia, Chesapeake’s shareholders voted in favour of all items of business. All director nominees were elected.
The Company’s Stock Option Plan (the “Option Plan”) was also approved by a majority of the shareholders. The Option Plan must be re-approved on an annual basis by the shareholders at each annual general meeting of the Company as required by the policies of the TSX Venture Exchange. The Option Plan is a “rolling 10%” stock option plan whereby the Company may issue, pursuant to options granted to eligible persons, up to maximum of 10% of the issued and outstanding common shares of the Company determined at the time of grant.
A total of 29,220,233 common shares were represented at the AGM, being 43.37% of the Company’s issued and outstanding common shares. The following is a tabulation of the votes submitted by proxy:
|Director Nominees||Votes For||% of Votes||Votes Withheld||%Withheld|
|P. Randy Reifel||20,908,923||91.07%||2,050,342||8.93%|
|Votes For||% of Votes|
|To appoint Grant Thornton LLP as auditor of the Company for the ensuing year||27,010,469||93.31%|
|To approve and confirm the Company’s “rolling 10%” stock option plan||20,685,997||90.10%|
Following the AGM, Chesapeake re-appointed Randy Reifel as Executive Chairman of the Board, Christian Falck as Audit Committee Chair and Lead Independent Director, and Lian Li as Compensation and Governance Committee Chair.
Chesapeake Gold Corp. is focused on the discovery, acquisition, and development of major gold-silver deposits in North and South America. Chesapeake’s flagship asset is the Metates project (“Metates”) located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver deposits in the Americas.1
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Mexico’s biggest undeveloped gold deposits as published by Bnamericas, Tuesday, November 24, 2020.