Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that all resolutions presented at the Company’s Annual and Special General Meeting of Shareholders (the “AGM”) held on September 28, 2017, including the appointment of directors, the appointment of MNP LLP, Chartered Accountants as auditors, the approval of the Company’s stock option plan, the adoption of new company Articles and the adoption of advanced notice provisions, were approved by the shareholders of the Company.
A total of 43,686,072 common shares representing 51.47% of the outstanding common shares were present in person or by proxy at the AGM.
The directors elected to serve for the ensuing year are Buddy Doyle, David Birkett, Rostislav Raykov, Colin Sutherland, Rowland Uloth and Stephen Stow. All directors, except for Mr. Stow, were management’s nominees for election as directors. Mr. Stow was nominated to be a director at the AGM.
Mr. Stow has been an adviser, investor, and executive engaged in various resource driven opportunities, startups and has global executive experience in management of public companies. He is currently a director of Lumina Gold Corp. (TSX-V: LUM). He served as President & CEO of Odin Mining & Exploration Ltd prior to the merger with Lumina Gold, and was a Director of the company since 1994. Mr. Stow has been Principal of Zen Capital & Mergers Ltd since 1995 and served as a Director since 1994. Prior to 1995 he served as Director of Corporate Finance, Asia for the National Westminster Bank, Hong Kong Division.
About Amarillo Gold Corp.
Amarillo Gold Corp. is focused on acquisition, discovery, and definition of gold resources in Brazil. It is the Company’s policy to strive to do this in a sustainable, safe way using best practices whilst benefiting our shareholders and the communities we work in. The Company’s principal projects are the Mara Rosa Project in the state of Goias, and the Lavras do Sul Project in the state of Rio Grande do Sul. The Mara Rosa Gold Project has received a positive economic assessment from a Pre-Feasibility study and Amarillo has obtained the LP, the first stage of a three stage permitting process. The Posse Deposit was successfully mined by Western Mining Corporation (WMC) during the 1990s (mined areas are excluded from the above-stated resource figures), and is located in an area of excellent infrastructure: approximately 35 km NE of Yamana’s Chapada open pit Cu-Au operation, some 80 km NE of Yamana’s Pilar Au project (in feasibility), 95 km NW of Votorantim’s Niquelandia Ni laterite mine, 105 km from NE of Serra Grande’s underground Au mine, and 105 km NNW of Anglo American’s Ni laterite project at Barro Alto.
The Lavras do Sul Project is an advanced exploration stage property (190 sq. km.) comprising of more than 19 prospects centered on historic gold workings, with encouraging gold mineralization discovered and defined by drilling. The Company also has a portfolio of earlier stage projects and all properties under Amarillo’s management are located in areas of good infrastructure and mining-friendly communities.
ON BEHALF OF THE BOARD OF DIRECTORS
AMARILLO GOLD CORP.
Per: “Buddy Doyle”
Buddy Doyle, President & CEO
Amarillo Gold Corp.
Or Scott Eldridge
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: –
This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that our projects have potential for commercialization. Various factors may prevent or delay our plans, including but not limited to, the company being unable to raise funds from investors, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Permission from the Government and community is also required to proceed with future mining production. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.