Golconda Resources Ltd

Published : January 23rd, 2015

Golconda Resources Ltd. Announces Meeting Results

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Oil |

Golconda Resources Ltd. Announces Meeting Results

CALGARY, ALBERTA--(Marketwired - Jan 23, 2015) - Golconda Resources Ltd. (TSX VENTURE:GA) (the "Corporation" or "Golconda") announces that at the annual general and special meeting held in Calgary, Alberta on January 23, 2015 (the "Meeting") holders of common shares of the Corporation: (i) re-elected Howard G. Coopersmith, David E. Mullen, Gerald N. Gilewicz, Thomas E. Callicrate and Robert J. Hunt to the board of directors; (ii) re-appointed KPMG LLP as the auditors of the Corporation; (iii) ratified the stock option plan; (iv) approved the consolidation of the common shares of the Corporation on the basis of one (1) post-consolidation share for up to every 10 pre-consolidation shares; and (v) approved the sale of the Corporation's interest in the joint venture agreement with respect to oil and gas exploration and development on approximately 1,600 acres of lands in the Cold Lake area in northeast Alberta (the "Asset Sale Transaction"). The Asset Sale Transaction is expected to close in the next two weeks and is subject to customary closing conditions, including the approval of the TSX Venture Exchange.

Further disclosure on the matters approved at the Meeting, including the Asset Sale Transaction, can be found in the management information circular dated December 22, 2014 which was filed on SEDAR on December 29, 2014.

Forward Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. All statements included herein, other than statements of historical fact, constitute forward-looking information and such information involves various risks and uncertainties. Specifically, and without limitation, this press release contains forward-looking statements and information relating to the anticipated timing for the closing of the Asset Sale Transaction. In respect of the forward-looking statements and information set out in this press release, the Corporation has provided such in reliance on certain assumptions that they believe are reasonable at this time, including: the ability of the Corporation to receive, in a timely manner, the necessary stock exchange and other third party approvals and the ability of the Corporation to satisfy, in a timely manner, the other conditions to the closing of the Asset Sale Transaction. The anticipated dates provided may change for a number of reasons, including inability to secure necessary stock exchange or other third party approvals in the time assumed or the need for additional time to satisfy the other conditions to the completion of the Asset Sale Transaction. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include risks and uncertainties inherent in the nature of the Asset Sale Transaction including the failure of the Corporation to obtain necessary stock exchange and other third party approvals, or to otherwise satisfy the conditions to the Asset Sale Transaction, in a timely manner, or at all. Failure to so obtain such approvals, or the failure of the Corporation to otherwise satisfy the conditions to the Asset Sale Transaction, may result in the Asset Sale Transaction not being completed on the proposed terms, or at all. The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Read the rest of the article at finance.yahoo.com

Golconda Resources Ltd

EXPLORATION STAGE
CODE : GA.V
ISIN : CA38046F1027
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Golconda Res. is a silver and gold producing company based in Canada.

Golconda Res. holds various exploration projects in Canada.

Its main exploration properties are SOUTH MONITOR, 4 ACES, SHULIN LAKE, RALSTON VALLEY, MERGE, MONITOR FLAT, WAPAWEKKA, ENNIS LAKE, SHULIN LAKE and WAPAWEKKA WEST in Canada.

Golconda Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 85.4 millions as of today (US$ 67.5 millions, € 59.6 millions).

Its stock quote reached its lowest recent point on July 10, 2015 at CA$ 0.01, and its highest recent level on June 04, 2021 at CA$ 1.18.

Golconda Res. has 133 509 992 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Golconda Resources Ltd
9/19/2012Provides Update Regarding Debt Financing
5/18/2011Announces the Issuance of a Secured Debenture and Operations...
Nominations of Golconda Resources Ltd
2/22/2011Appoints Mr. David Orr as New President
2/22/2011Appoints New President
Project news of Golconda Resources Ltd
5/14/2013Announces Asset Sale and Production Update
10/24/2012Announces Reserves Results and Resumption in Trading
Corporate news of Golconda Resources Ltd
7/22/2015Goldonda Resources Ltd. transfers to NEX
4/1/2015Golconda Resources Ltd.: Corporate Update
2/23/2015Golconda Resources Ltd. Completes Sale of Cold Lake Joint Ve...
1/23/2015Golconda Resources Ltd. Announces Meeting Results
1/5/2015Golconda Announces Disposition
12/23/2014Golconda Resources Ltd. Announces Additional Cold Lake Joint...
12/12/2014IIROC Trading Resumption - GA
12/12/2014Golconda Resources Ltd. Agrees to Sell Cold Lake Joint Ventu...
12/12/2014IIROC Trading Halt - GA
4/30/2014Golconda Resources Ltd.: Cold Lake First Nations Joint Ventu...
10/16/2013.: Initial Sale of Oil Production by Cold Lake First Nations...
8/26/2013. Provides Status Report on Cold Lake First Nations Joint Ve...
5/24/2013Announces Closing of Asset Sale
3/27/2013.: Corporate Update- Drilling Completed
3/22/2013.: Corporate Update- Drilling to Commence
9/6/2012Provides Update Regarding Joint Venture and Announces Propos...
6/15/2011Announces Limited Partnership With Birch Narrows First Natio...
6/7/2011Provides Update to Annual General and Special Meeting Matter...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (GA.V)Other OTC (GOLCF)
0.640+0.00%0.001+0.00%
TSX-V
CA$ 0.640
12/08 14:41 -
0%
Prev close Open
0.640 0.640
Low High
0.640 0.640
Year l/h YTD var.
0.510 -  1.20 -31.91%
52 week l/h 52 week var.
0.510 -  1.20 6,300.00%
Volume 1 month var.
4,500 12.28%
24hGold TrendPower© : -30
Produces
Develops
Explores for Diamonds - Gold - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20210.00%1.180.64
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.62-1.63%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.45-1.61%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.14+0.64%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.93+0.00%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.99+1.02%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.35+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.88+1.59%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.42-4.49%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18+6.06%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.69+1.51%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 44.91-0.47%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :