VANCOUVER, Oct. 8, 2013 /CNW/ - Golden Queen Mining Co. Ltd. (TSX:GQM) announces that it will hold an extraordinary general meeting for the
purpose of seeking shareholder approval to an increase of the number of
authorized common shares from 150 million to an unlimited number of
common shares. The proposed date for the meeting is December 6, 2013.
The Company currently has 98.3 million shares issued and outstanding and
110.4 million on a fully diluted basis (that may in certain
circumstances be increased to 125.2 million shares fully diluted
depending on the conversion price of previously issued convertible
debentures). The proposal to increase the authorized share capital is
not being made in response to or anticipation of any particular
Construction of infrastructure on the Soledad Mountain project has been
under way since July 1, 2013. Work completed to date includes widening
Silver Queen Road and adding a turning lane, construction of a dip
crossing across a floodplain, the Phase 1 site grading plan which
includes a large sediment basin, an employee parking lot and the area
where the sub-station will be constructed, the north-south access road
which will provide access to the workshop-warehouse and a 1,200 meter
long overland conveyor route. It is expected that the initial
construction will be completed by December 31, 2013.
Appointment of CFO
The Company is pleased to announce that Ms. Andree St-Germain has joined
the Company as Vice President Finance and Chief Financial Officer. Ms.
St-Germain was previously an investment banker with Dundee Capital
Markets where she worked exclusively with mining companies on a variety
of financings and merger and acquisition advisory assignments.
Mr. Ross McDonald has resigned as Chief Financial Officer. The Company
wishes to thank Mr. McDonald for his services as Chief Financial
Officer for the past two years.
About Golden Queen Mining Co. Ltd.
The Company is developing a gold-silver, open pit, heap leach operation
on its fully-permitted Soledad Mountain property, located just outside
the town of Mojave in Kern County in southern California. The Project
will use conventional open pit mining methods and the cyanide heap
leach and Merrill-Crowe processes to recover gold and silver from
crushed, agglomerated ore. Please refer to the Company's Form 10-K
dated March 18, 2013 and subsequent news releases for information on
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SOURCE: Golden Queen Mining Co. Ltd.
For further information:
For further information regarding this news release please contact Lutz Klingmann, President as follows: Telephone: (604) 921-7570; Email: firstname.lastname@example.org