Avnel Gold Mining Limited

Avnel Gold Mining Limited

May 26, 2016 16:01 ET

Avnel Reports Results of Annual General Meeting

ST. PETER PORT, GUERNSEY--(Marketwired - May 26, 2016) - Avnel Gold Mining Limited ("Avnel" or the "Company") (TSX:AVK) is announcing that all of the resolutions presented in the management proxy circular dated April 18, 2016 were duly passed at the Company's Annual General Meeting of Shareholders ("AGM") held on May 26, 2016.

A summary of the voting instructions received by proxy for the election of the Company's seven directors is presented in the following table:

Nominee Votes
Anthony M. Bousfield 258,459,294 2,182,000 99.16% 0.84%
Ibrahim Kantao 258,442,794 2,198,500 99.16% 0.84%
John Kearney 258,442,794 2,198,500 99.16% 0.84%
Andrew King 258,442,794 2,198,500 99.16% 0.84%
Keith McCandlish 258,442,794 2,198,500 99.16% 0.84%
Howard B. Miller 258,385,294 2,256,000 99.13% 0.87%
Jonas U. Rydell 258,492,794 2,148,500 99.18% 0.82%


Avnel Gold is a TSX-listed gold mining, exploration and development company with operations in south-western Mali in West Africa. The Company's strategic objective is to develop the Kalana Main Project into an open-pit mining operation through its 80% ownership in SOMIKA. A secondary objective of the Company is to explore the remainder of the 387 km2 Kalana Exploitation Permit to discover new mineral deposits.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.


Forward-Looking Statements

This news release includes certain "forward-looking statements". All statements, other than statements of historical fact, included in this release, including the future plans and objectives of Avnel Gold, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Avnel Gold's expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as well as those factors discussed in the section entitled "Risk Factors" in Avnel Gold's most recently completed Annual Information Form, which is available on SEDAR (www.sedar.com). Although Avnel Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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