Dec 12, 2016
Frontline Results of Annual and Special General Meeting of the Shareholders
Toronto, Ontario - (December 12, 2016) - Frontline Gold Corporation (TSX-V:FGC) ("Frontline" or the "Company") announces the results of its Annual and Special General Meeting of Shareholders (the "Meeting") held today December 12, 2016 in Toronto, Ontario. At the Meeting, shareholders approved all resolutions put before them by management including the election of all director nominees, the re-appointment of the auditors, the re-approval of the Company's share incentive plan; and the approval of proposed share consolidation resolution.
Results of Annual and Special General Meeting
Election of the Board of Directors
The shareholders elected to fix the number of directors at six (6).
In addition the director nominees as listed in the Information Circular dated November 11th, 2016 were elected as directors of Frontline at the meeting as follows:
Appointment of Auditors
The shareholders re-appointed Morgan & Company, Chartered Accountants as the Company's auditor and authorized the directors to fix the auditors remuneration.
Share Incentive Plan
The shareholders re-approved the Company's share incentive plan.
The shareholders approved the resolution to consolidate the Corporation's issued and outstanding common shares on a 10 for 1 basis, or by such lower consolidation ratio as may be determined by the Board of Directors and as may be required to obtain approval from the TSX Venture Exchange.
The share consolidation resolution was approved based on 20,648,734 shares voted for (83% of shares voted) the consolidation.
Frontline is a Canadian junior mineral exploration company. The Company's principal properties include the following:
Further information about the Company is available on the Company's website, www.frontlinegold.com, or our social media sites listed below:
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Walter Henry, President & CEO
FRONTLINE GOLD CORP.
Contact: Walter Henry
Telephone: (416) 362-9100
Fax: (416) 362-9300
Frontline Gold Corp. (TSX-V: FGC)
1 Toronto Street, Suite 201
Toronto, Ontario M5C 2V6
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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