Key Gold Holding Announces Results of Shareholders Meeting
January 21 2011 - 3:23PM
Marketwired
Key Gold Holding Inc. (TSX VENTURE: KGH) ("Key Gold") is pleased to
announce that at its Annual and Special Meeting of the Shareholders
(the "Meeting") for the financial years ending December 30, 2009
held on Wednesday, January 19, 2011 as scheduled, Robert Leckie and
Douglas H. Bache were newly elected to Key Gold's board of
directors, subject to regulatory approval, in addition to the
incumbents Louis Lessard, Robert Seguin and Claude St-Hilaire.
Accordingly, the board of directors of Key Gold consists of five
directors namely: Louis Lessard, Robert Seguin, Claude St-Hilaire,
Robert Leckie and Douglas H. Bache.
Also approved at the Meeting was the appointment of Brunet Roy
Dube, Chartered Accountants, as auditor for the ensuing year, a
resolution approving a share for debt agreements with a non-arm's
length party and a resolution approving a new stock option plan in
accordance with the policies of the TSX Venture Exchange. In
particular, the terms of the stock option plan allow for a maximum
of 10% of the issued and outstanding listed common shares of Key
Gold to be reserved for issuance under the stock option plan,
provided that no single participant be issued options representing
greater than five (5%) percent of the number of outstanding common
shares in any twelve (12) month period unless Key Gold has obtained
disinterested shareholder approval.
About Key Gold Holding Inc.
Key Gold Holding Inc. is a mineral exploration company that is
mainly focused on the acquisition, exploration and development of
gold and copper properties.
Forward looking Statement
This document contains certain forward looking statements which
involve known and unknown risks, delays, and uncertainties not
under the corporation's control which may cause actual results,
performance or achievements of the corporation to be materially
different from the results, performance or expectation implied by
these forward looking statements.
Shares outstanding: 24,622,053
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Louis Lessard President 514-650-4171
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