All Proxy Proposals Pass
ELKO, Nev., Nov. 10, 2020 /PRNewswire/ -- U.S. Gold Corp.
(Nasdaq: USAU), today announced the results of the Company's annual
shareholder meeting that was held virtually on November 9, 2020 at 8:00
AM PT.
The following proposals were approved by the Company's
shareholders at the meeting:
- Conversion of the Company's Series H Preferred Stock into
common shares
- Conversion of the Company's Series I Preferred Stock into
common shares
- Election of five directors (Edward
Karr, Ryan Zinke,
George Bee, Robert Schafer and Tara
Gilfillan), to hold office until the next annual meeting of
shareholders and until their respective successors have been duly
elected and qualified
- The amendment to U.S. Gold's 2020 Stock Incentive Plan
- Ratification on the appointment of Marcum, LLP as U.S. Gold's
independent registered public accountant for the fiscal year ending
April 30, 2021
Edward Karr, U.S. Gold Corp.'s
Executive Chairman, stated, "We are pleased that all the proxy
proposals passed successfully at our Annual Shareholder Meeting. On
behalf of U.S. Gold Corp., our Board and entire management team, I
would like to personally thank all of our shareholders for taking
the time to vote and I look forward to working closely with our
incoming Board and on value creation strategies to move the Company
forward in the advancement of our exploration efforts."
About U.S. Gold Corp.
U.S. Gold Corp. is a publicly traded, U.S. focused gold
exploration and development company. U.S. Gold Corp. has a
portfolio of exploration properties. Copper King, now the CK Gold
Project, is located in Southeast
Wyoming and has a Preliminary Economic Assessment (PEA)
technical report, which was completed by Mine Development
Associates available on the US. Gold Corp. website. Keystone
and Maggie Creek are exploration
properties on the Cortez and Carlin Trends in Nevada. The
Challis Gold Project is located in Idaho. For more information about U.S.
Gold Corp., please visit www.usgoldcorp.gold
Safe Harbor
Certain statements in this press release are forward-looking
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements may be identified by the use of
forward-looking words such as "anticipate," "believe," "forecast,"
"estimated," and "intend," among others. These forward-looking
statements are based on U.S. Gold Corp.'s current expectations, and
actual results could differ materially from such statements. There
are a number of factors that could cause actual events to differ
materially from those indicated by such forward-looking statements.
These factors include, but are not limited to, risks arising
from: the prevailing market conditions for metal prices and mining
industry cost inputs, environmental and regulatory risks, risks
faced by junior companies generally engaged in exploration
activities, whether U.S. Gold Corp. will be able to raise
sufficient capital to implement future exploration programs,
COVID-19 uncertainties, and other factors described in the
Company's most recent Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q, and Current Reports on Form 8-K filed with the
Securities and Exchange Commission, which can be reviewed
at www.sec.gov. The Company has based these
forward-looking statements on its current expectations and
assumptions about future events. While management considers these
expectations and assumptions to be reasonable, they are inherently
subject to significant business, economic, competitive, regulatory,
and other risks, contingencies, and uncertainties, most of which
are difficult to predict and many of which are beyond the Company's
control. The Company makes no representation or warranty that the
information contained herein is complete and accurate and we have
no duty to correct or update any information contained
herein.
For additional information, please contact:
U.S. Gold Corp. Investor Relations:
+1 800 557 4550
ir@usgoldcorp.gold
www.usgoldcorp.gold