VANCOUVER, BC, April 17,
2024 /CNW/ - RUA GOLD Corporation (the "Company" or
"RUA GOLD") announces the appointment of Tyron Breytenbach as independent director
effective today. Mr. Breytenbach has been appointed to the
Chair of the Audit Committee and member on the Corporate Governance
and Nominating Committee, Compensation Committee and Sustainability
and Governance Committee.
Oliver Lennox-King, Chair of
RUA GOLD, commented "I am pleased to
welcome Tyron to the RUA Board as an independent director. He
brings significant capital markets experience as well as geological
knowledge of the deposits in New
Zealand which will serve the Company well as we build this
Company and footprint in New
Zealand."
About Tyron Breytenbach
Mr. Breytenbach is currently the CEO of Lithium Africa Resources
and a former equity analyst at Cormark Securities and Stifel Canada
and was SVP Capital Markets at Aris Mining. In each of these roles
he interacted extensively with the international investment
community. Mr. Breytenbach was a Senior Partner and Managing
Director in the investment banking group at Canada's largest employee-owned dealer –
Cormark. Prior to entering capital markets, Mr. Breytenbach spent a
decade in the mining industry as a geologist where he focused on
orogenic and epithermal gold deposits and specialized in resource
estimation. Mr. Breytenbach holds a BSc (Honours) Degree from Rand
Afrikaans University in South
Africa and is a designated P.Geo in Ontario .
More information can be found at the Company's website:
www.ruagold.com and the investor presentation can be
downloaded here: Investor Presentation
AGM Voting Results
RUA GOLD also announces the
results of its annual general meeting held on April 17, 2024 (the "AGM"). Shareholders voted in
favour of all of the items of business put forth at the AGM, as
detailed below. A total of 30,578,936 shares were represented at
the AGM, representing 15.80% of the total issued and outstanding
shares in the capital of the Company.
Description of the
Matter
|
Outcome of
Vote
|
Votes
For
|
Votes
Withheld
|
1.
An ordinary resolution to elect each of
the five Board nominees described in the Information Circular as
directors of the Company for the ensuing year or until their
successors are duly elected or appointed subject to the provisions
of the Business Corporations Act (British
Columbia):
|
|
|
|
Paul
Criddle
|
Passed
|
30,578,936
(100%)
|
Nil
(0%)
|
Robert
Eckford
|
Passed
|
30,507,236
(99.77%)
|
71,000
(0.23%)
|
Simon
Henderson
|
Passed
|
30,578,936
(100%)
|
Nil
(0%)
|
Oliver
Lennox-King
|
Passed
|
30,578,936
(100%)
|
Nil
(0%)
|
Mario Vetro
|
Passed
|
30,578,936
(100%)
|
Nil
(0%)
|
Tyron
Breytenbach
|
Passed
|
30,578,936
(100%)
|
Nil
(0%)
|
2.
An ordinary resolution to appoint
Charlton & Company, Chartered Professional Accountants, as the
Company's auditor for the ensuing year.
|
Passed
|
30,578,936
(100%)
|
Nil
(0%)
|
3.
An ordinary resolution to ratify and
approve the continuation of the Company's stock option plan dated
for reference October 26, 2018.
|
Passed
|
30,578,936
(100%)
|
Nil
(0%)
|
4.
An ordinary resolution to adopt, ratify,
and approve the continuation of the Company's deferred share unit
plan dated for reference March 18, 2024.
|
Passed
|
30,578,936
(100%)
|
Nil
(0%)
|
About RUA
GOLD
RUA GOLD (CSE: RUA) is a minerals
company at the forefront of the mining industry, specializing in
gold exploration and discovery. With permits which have rich
history dating back to the gold rush in the late 1800's,
RUA GOLD has successfully combined
traditional prospecting practices with modern technologies to
uncover and capitalize on valuable gold deposits.
The Company is committed to responsible and sustainable
exploration, which is evident in it's professional planning and
execution, ensuring minimal environmental impact and with the aim
of executing on these projects with the key stakeholders in mind.
RUA GOLD has a highly skilled team
of New Zealand professionals who
possess extensive knowledge and experience in geology,
geochemistry, and geophysical exploration technology.
Option Grant
On the appointment of Tyron
Breytenbach, the Company granted Options to purchase up to
an aggregate of 1,500,000 Company Shares of the Company. Each
Option is exercisable into one Company Share at an exercise price
of $0.175 per Company Share for five
years following the date of grant. All Options were granted in
accordance with the Stock Option Plan.
New Investor Relations
agreements
Junior Mining Network LLC
On April 8, 2024, the Company entered
into an advertising agreement with Junior Mining Network LLC
("Junior Mining") for total cash consideration of CAD
$20,000. The term of Junior Mining's
engagement is one (1) year. Pursuant to the terms of this
engagement, Junior Mining will provide news release dissemination
and will feature the Company on its website
(www.juniorminingnetwork.com). Junior Mining's business is located
at 600 Inwood Avenue N. Suite 130, St.
Paul, Minnesota 55128 and can be reached at 763-200-1386 or
support@juniorminingnetwork.com. Junior Mining and its principals
are arm's length from the Company and do not have any interest,
direct or indirect, in the Company or its securities nor do they
have any right to acquire such an interest.
NAI Interactive Ltd.
On April 4, 2024, the Company also
entered into a marketing agreement with NAI Interactive Ltd.
("NAI") for a total cash consideration of CAD $8,400 plus applicable taxes, paid up front, for
a six-month period commencing on April
29th, 2024. Pursuant to the terms of this
agreement, NAI will provide the Company with certain investor
relations communications services, such as email marketing and CEO
interviews. NAI's business is located at 2209 – 1111 Alberni Street
Vancouver, British Columbia V6E
4V2 and can be reached at 604-488- 8878 or info@nai500.com. NAI and
its principals are arm's length from the Company and do not have
any interest, direct or indirect, in the Company or its securities
nor do they have any right or intent to acquire such an
interest.
Gold Standard Media, LLC
On April 15, 2024, the Company
entered into an advertising agreement with Gold Standard Media LLC
("Gold Standard") for total cash consideration of CAD
$284,000, which is payable on
April 19, 2024. Gold Standard
has agreed to provide the Company with its services to create
landing pages and provide digital marketing, email marketing and
influencer marketing services. Gold Standard will provide its
services for a period of 90 days commencing on April 22, 2024. Gold Standard and its principals
are arm's length from the Company and hold 3,247,614 common shares
in the Company. Gold Standard's business is located at 723 W,
University Ave., #110-283 Georgetown,
TX 78626. Gold Standard can be reached by telephone at (626)
733-3678 or by email at Kennethameduri@gmail.com.
Investing News Network
On April 16, 2024, the Company
entered into an advertising campaign agreement with Dig Media Inc.
dba Investing News Network ("INN") for total cash
consideration of CAD $57,000 plus
GST. INN is a private company headquartered in Vancouver, British Columbia, Canada, dedicated
to providing advertising services since 2007 at
www.investingnews.com. The term of INN's engagement is 12 months
and shall commence no later than May 16,
2024. INN will provide advertising on its website to
increase awareness of the Company. INN and its principals are arm's
length from the Company and do not have any interest, direct or
indirect, in the Company or its securities nor do they have any
right to acquire such an interest. INN's business is located at 736
Granville Street -Suite 1200 Vancouver,
BC Canada and can be
reached at 604-688-8231 or info@investingnews.com.
For further information, please refer to the Company's
disclosure record on SEDAR+ at www.sedarplus.ca.
On behalf of the Board of Directors,
/s/ "Robert Eckford"
Robert Eckford, Chief Executive
Officer and Director
SOURCE Rua Gold Inc.