Marathon Gold Provides Details of Upcoming Annual General Meeting of the Shareholders to be held in St John’s, Newfoundland and Labrador
20 Mai 2022 - 1:30PM
Marathon Gold Corporation (“Marathon” or the “Company”;
TSX: MOZ) provides details of its 2022 annual and general
meeting of shareholders (the “AGM”) to be held at Vu Restaurant
located at 115 Ducksworth Street, St. John’s, Newfoundland and
Labrador, A1C 1E9 at 4:00 p.m. NL Time (2:30 p.m. EST) on June 22,
2022.
The AGM will be Marathon’s first held in person
since 2019, and the first held by Marathon in the Province of
Newfoundland and Labrador. Attendees of the meeting will be able to
meet with Marathon management and board members, and receive an
update on the development of the Valentine Gold Project from Matt
Manson (President and CEO), Tim Williams (COO) and Julie Robertson
(CFO).
All registered shareholders, non-registered (or
beneficial) shareholders, and duly appointed proxyholders are
invited to participate in the AGM and vote in-person. You are
eligible to vote your common shares of Marathon if you were a
registered shareholder of record at the close of business on May 6,
2022. Please see the Company’s management information circular
filed on SEDAR for details regarding the matters to be voted upon
at the AGM and the procedures and deadlines regarding voting by
shareholders at the AGM.
For those who are unable to attend, the Company
is providing shareholders with an opportunity to listen to the AGM
and the subsequent management presentations by means of a live
webcast. This is not a virtual meeting. Shareholders will be able
to ask questions of management but will not be able to vote through
the webcast.
While the Company plans to hold the AGM in
person, it intends to be responsive to any evolving public health
guidance related to COVID-19. The Company asks that, in considering
whether to attend the AGM, shareholders follow the instructions of
the Public Health Agency of Canada and the Newfoundland and
Labrador Department of Health and Community Services, as well as
any additional local instructions, and to not attend the AGM in
person if experiencing cold or flu-like symptoms within 14 days
prior.
Live webcast:
https://globalmeet.webcasts.com/starthere.jsp?ei=1546298&tp_key=9abb9b0dc8
About Marathon
Marathon (TSX:MOZ) is a Toronto based gold
company advancing its 100%-owned Valentine Gold Project located in
the central region of Newfoundland and Labrador, one of the top
mining jurisdictions in the world. The Project comprises a
series of five mineralized deposits along a 20-kilometre system. An
April 2021 Feasibility Study outlined an open pit mining and
conventional milling operation over a thirteen-year mine life with
a 31.5% after-tax rate of return. The Project has estimated Proven
Mineral Reserves of 1.40 Moz (29.68 Mt at 1.46 g/t) and Probable
Mineral Reserves of 0.65 Moz (17.38 Mt at 1.17 g/t). Total Measured
Mineral Resources (inclusive of the Mineral Reserves) comprise 1.92
Moz (32.59 Mt at 1.83 g/t) with Indicated Mineral Resources
(inclusive of the Mineral Reserves) of 1.22 Moz (24.07 Mt at 1.57
g/t). Additional Inferred Mineral Resources are 1.64 Moz (29.59 Mt
at 1.72 g/t Au). Please see Marathon’s Annual Information Form for
the year ended December 31, 2021 and other filings made with
Canadian securities regulatory authorities and available at
www.sedar.com for further details and assumptions relating to the
Valentine Gold Project.
For more information, please
contact:
Amanda MalloughSenior Associate, Investor RelationsTel: 416
855-8202amallough@marathon-gold.com |
Matt MansonPresident & CEOmmanson@marathon-gold.com |
Julie RobertsonCFOjrobertson@marathon-gold.com |
To find out more information on Marathon Gold
Corporation and the Valentine Gold Project, please visit
www.marathon-gold.com.
Cautionary Statement Regarding
Forward-Looking Information
Certain information contained in this news
release, constitutes forward-looking information within the meaning
of Canadian securities laws (“forward-looking statements”). All
statements in this news release, other than statements of
historical fact, which address events, results, outcomes or
developments that Marathon expects to occur are forward-looking
statements. Forward-looking statements include statements that are
predictive in nature, depend upon or refer to future events or
conditions, or include words such as “expects”, “anticipates”,
“plans”, “believes”, “estimates”, “considers”, “intends”,
“targets”, or negative versions thereof and other similar
expressions, or future or conditional verbs such as “may”, “will”,
“should”, “would” and “could”. We provide forward-looking
statements for the purpose of conveying information about our
current expectations and plans relating to the future, and readers
are cautioned that such statements may not be appropriate for other
purposes.
Forward-looking statements involve known and
unknown risks, uncertainties and assumptions and accordingly,
actual results and future events could differ materially from those
expressed or implied in such statements. You are hence cautioned
not to place undue reliance on forward-looking statements. In
respect of the forward-looking statements concerning the
interpretation of exploration results and the impact on the
Project’s mineral resource estimate, the Company has provided such
statements in reliance on certain assumptions it believes are
reasonable at this time, including assumptions as to the continuity
of mineralization between drill holes. A mineral resource that is
classified as “inferred” or “indicated” has a great amount of
uncertainty as to its existence and economic and legal feasibility.
It cannot be assumed that any or part of an “indicated mineral
resource” or “inferred mineral resource” will ever be upgraded to a
higher category of mineral resource. Investors are cautioned not to
assume that all or any part of mineral deposits in these categories
will ever be converted into proven and probable mineral
reserves.
By its nature, this information is subject to
inherent risks and uncertainties that may be general or specific
and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that
objectives, strategic goals and priorities will not be achieved.
Factors that could cause future results or events to differ
materially from current expectations expressed or implied by the
forward-looking statements include risks and uncertainties relating
to the interpretation of drill results, the geology, grade and
continuity of mineral deposits and conclusions of economic
evaluations; uncertainty as to estimation of mineral resources;
inaccurate geological and metallurgical assumptions (including with
respect to the size, grade and recoverability of mineral
resources); the potential for delays or changes in plans in
exploration or development projects or capital expenditures, or the
completion of feasibility studies due to changes in logistical,
technical or other factors; the possibility that future
exploration, development, construction or mining results will not
be consistent with the Company’s expectations; risks related to the
ability of the current exploration program to identify and expand
mineral resources; risks relating to possible variations in grade,
planned mining dilution and ore loss, or recovery rates and changes
in project parameters as plans continue to be refined; operational
mining and development risks, including risks related to accidents,
equipment breakdowns, labour disputes (including work stoppages and
strikes) or other unanticipated difficulties with or interruptions
in exploration and development; risks related to the inherent
uncertainty of production and cost estimates and the potential for
unexpected costs and expenses; risks related to commodity and power
prices, foreign exchange rate fluctuations and changes in interest
rates; the uncertainty of profitability based upon the cyclical
nature of the mining industry; risks related to failure to obtain
adequate financing on a timely basis and on acceptable terms or
delays in obtaining governmental or other stakeholder approvals or
in the completion of development or construction activities; risks
related to environmental regulation and liability, government
regulation and permitting; risks relating to the Company’s ability
to attract and retain skilled staff; risks relating to the timing
of the receipt of regulatory and governmental approvals for
continued operations and future development projects; political and
regulatory risks associated with mining and exploration; risks
relating to the potential impacts of the COVID-19 pandemic on the
Company and the mining industry; changes in general economic
conditions or conditions in the financial markets; and other risks
described in Marathon’s documents filed with Canadian securities
regulatory authorities, including the Annual Information Form for
the year ended December 31, 2021.
You can find further information with respect to
these and other risks in Marathon’s Annual Information Form for the
year ended December 31, 2021 and other filings made with Canadian
securities regulatory authorities available at www.sedar.com. Other
than as specifically required by law, Marathon undertakes no
obligation to update any forward-looking statement to reflect
events or circumstances after the date on which such statement is
made, or to reflect the occurrence of unanticipated events, whether
as a result of new information, future events or results
otherwise.
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