VANCOUVER, April 13, 2017 /CNW/ - NXGOLD LTD. ("NxGold Ltd." or the "Company"), (NXN:TSXV) is pleased to announce the positive results of its annual and special meeting of shareholders, which was held on April 12, 2017 (the "Meeting"). All matters put forth in the management information circular of the Company dated March 16, 2017 were passed (the "Circular"). The Circular is available under the Company's profile on SEDAR at www.sedar.com.
Shareholders represented in person or by proxy at the Meeting elected each of Leigh Curyer, Christopher McFadden, Todd Roberts, Trevor Thiele, Richard Patricio and Garrett Ainsworth as directors of the Company for the ensuing year and re-appointed D&H Group LLP as the Company's external auditor.
In addition, shareholders represented in person or by proxy at the Meeting, approved and adopted an amended restated stock option plan and amendments to the advance notice provisions of the Company's articles, each as more particularly described in Schedule "A" and "B" to the Circular, respectively.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NxGold is a Vancouver-based exploration company. NxGold has entered into an earn-in agreement with Meliadine Gold Ltd. to earn up to a 70% interest in the Kuulu Project (formerly known as the Peter Lake Gold Project). The Kuulu Project is located approximately 40 km northwest of Rankin Inlet, Nunavut. The Property covers 4,174 hectares immediately along trend from Agnico Eagle's advanced Meliadine Gold project. NxGold has also entered into an option agreement with Kenorland Minerals Ltd. to earn up to a 100% interest in the Chicobi Project, located in the Abitibi Greenstone Belt, Quebec.
SOURCE NxGold Ltd.
For further information: Travis McPherson, Vice-President Corporate Development, NxGold Ltd., +1 604 428 4112, firstname.lastname@example.org