Boreal Gold Inc (CSE:BGLD) (the “Company”) wishes to announce that all matters set out in the meeting materials for the Annual General Meeting (AGM) held on February 28, 2025 at 2:00 PM in Flin Flon, Manitoba were overwhelmingly approved by the shareholders.
Shareholders were asked to consider and approve the following resolutions:
- (i) set the number of directors;
- (ii) election of directors for the ensuing year,
- (iii) appointment of an auditor for the ensuing year and to authorize the directors to fix the auditor’s remuneration; and
- (iv) ratify and re-approve the 10% rolling stock option plan.
The Scrutineer’s report showed that 6,139,870 shares were voted at the Annual General Meeting representing 39.93% of the 15,377,748 total shares outstanding and issued of the company. The number of directors of three (3) and the 10% rolling stock option plan was approved 100% by shareholders.
The three nominated directors; Richard Masson, Michael Alexander and Laara Shaffer were approved by 96.43% of the shares voted and the Appointment of Auditors was approved by 96.43% of the shares voted. In two years after raising almost two million dollars and carrying out extensive geophysical and geological surveys on the Fay Lake property in Manitoba and the Melgurd Lake property in Saskatchewan, the year of 2024 culminated in a Boreal’s listing on the Canadian Stock Exchange (CSE).
The company is now poised to take the next exciting step with drilling to test the new developed critical mineral targets. By design, Boreal is a well structured tightly held company, with very few shares out. The strong committed shareholder base has significantly contributed to the company’s strength and facilitated obtaining the milestones in its exploration programs.
The Company plans in 2025 through focussed exploration efforts to grow the company in an accretive manner by mineral discovery as well as by acquisition as opportunities arise.
