Continental Gold Ltd.

TSX : CNL
OTCQX : CGOOF


Continental Gold Ltd.

June 02, 2014 17:32 ET

Continental Gold Announces Voting Results of Annual General Meeting

TORONTO, ONTARIO--(Marketwired - June 2, 2014) - Continental Gold Limited (TSX:CNL)(OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce the voting results of its 2014 Annual General Meeting (the "Meeting") held earlier today.

Election of Directors

All nominees listed in the management information circular for the Meeting were elected as directors of the Company. Shareholders present in person or represented by proxy at the Meeting voted as follows:

Nominee Number of Shares Percentage of Votes Cast
For Against Abstain For Against Abstain
Leon Teicher 85,630,669 1,600 411 100.00 0.00 0.00
Ari B. Sussman 83,393,947 2,238,322 411 97.39 2.61 0.00
Jaime I. Gutiérrez 83,446,769 2,185,500 411 97.45 2.55 0.00
Gustavo Koch 83,446,269 2,186,000 411 97.45 2.55 0.00
Paul J. Murphy 79,400,775 6,231,494 411 92.72 7.28 0.00
Kenneth G. Thomas 79,401,275 6,230,994 411 92.72 7.28 0.00
Timothy A. Warman 61,134,644 24,497,625 411 71.39 28.61 0.00

Appointment of Auditors

PricewaterhouseCoopers LLP were appointed auditors of the Company to hold office until the close of the next annual general meeting of the Company, and the directors of the Company were authorized to fix the remuneration of the auditors. Shareholders present in person or represented by proxy at the Meeting voted as follows:

Number of Shares Percentage of Votes Cast
For Against Abstain For Against Abstain
90,523,811 6,031 142 99.99 0.01 0.00

Adoption of a Deferred Share Unit Plan

The resolution ratifying, confirming and approving the adoption of a Deferred Share Unit Plan of the Company was approved. Shareholders present in person or represented by proxy at the Meeting voted as follows:

Number of Shares Percentage of Votes Cast
For Against Abstain For Against Abstain
59,258,913 26,372,856 911 69.20 30.80 0.00

Adoption of a Restricted Share Unit Plan

The motion to ratify, confirm and approve the adoption of a Restricted Share Unit Plan of the Company was withdrawn at the Meeting.

Approve Amendments to Company's Bye-laws

The motion to approve amendments to the Bye-laws of the Company was withdrawn at the Meeting.

About Continental Gold

Continental Gold Limited is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buriticá gold project to production. Details on the Buriticá project and the rest of Continental's suite of gold exploration properties are available at www.continentalgold.com.

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