June 11, 2014 - Golden Queen Mining Co. Ltd. (TSX:GQM; OTCQX:GQMNF) (the “Company” or “Golden Queen”) is pleased to announce voting results from the Company’s Annual General Meeting of Shareholders held on Tuesday, June 10, 2014 (the “Meeting”). A total of 71,249,958 common shares were voted, representing 71.62% of the outstanding common shares. Sharehold-ers voted in favour of maintaining the number of directors at five and for the election of all director nominees. The following is information on each item on the meeting agenda
1. Number of Directors
The number of directors for the Board of Directors of the Company was set as five.
2. The Election of Directors
Each of the nominee directors listed in the Company’s proxy statement and management infor-mation circular dated April 17, 2014 was elected as a director, without a vote by ballot being con-ducted. Golden Queen received proxies directing voting on the five directors nominated for election as set forth in the table below:
|Name of nominee||Votes for||% votes cast||Votes withheld|
|% votes cast|
|H. Lutz Klingmann||45,284,237||99.05%||435,697||0.95%|
|Thomas M. Clay||45,280,496||99.04%||439,438||0.96%|
|Bryan A. Coates||43,894,723||96.01%||1,825,211||3.99%|
|Guy Le Bel||43,872,575||95.96%||1,847,359||4.04%|
3. Appointment of Auditors
According to proxies received and a vote by show of hands, BDO Canada LLP was appointed as the Company’s auditors until the next general meeting of shareholders or until a successor is ap-pointed and the directors were authorized to fix the auditors’ remuneration.
|Votes of shares for||% votes cast||Votes withheld|
|% votes cast|
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.
For further information regarding this news release please contact:
Lutz Klingmann, President & CEO
Telephone: (604) 921-7570
Caution With Respect To Forward-looking Statements: The information in this news release includes certain “forward-looking statements”. All statements in this news release, other than statements of historical fact, including, without limitation, plans for and intentions with respect to construction and other development activities on the Soledad Mountain Project, and future mining operations on the Project, are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from statements in this news release regarding our intentions include the uncertainties involving the availability of project financing in the debt and capital markets; risks of construction and mining such as accidents, equipment breakdowns, non-compliance with environmental and permit requirements, and other risks and uncertainties disclosed in the section entitled “Risk Factors” contained in our Annual Report on Form 10-K for the year ended December 31, 2013. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, should not to put undue reliance on forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made.
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