Press release from Marketwire
Terraco Gold Reports Results of its Annual General Meeting of Shareholders and the Adoption of Advance Notice Policy and Shareholder Rights Plan
Wednesday, May 29, 2013
Terraco Gold Reports Results of its Annual General Meeting of Shareholders and the Adoption of Advance Notice Policy and Shareholder Rights Plan13:51 EDT Wednesday, May 29, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 29, 2013) - Terraco Gold Corp. (TSX VENTURE:TEN) ("Terraco" or the "Company") is pleased to announce that, at its annual general meeting of shareholders held on May 29, 2013, Terraco's shareholders approved, among other things, subject to regulatory approval in certain circumstances, the following matters:
- the Advance Notice Policy of the Company dated April 20, 2013, and the alteration of the Company's Articles to include provisions requiring advance notice of director nominees from shareholders, as more particularly described in Terraco's news release dated April 10, 2013; and
- the Shareholder Rights Plan of the Company dated April 16, 2013, as more particularly described in Terraco's news release dated April 16, 2013.
The Advance Notice Policy and the Shareholder Rights Plan are available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at http://www.terracogold.com/s/CorporateGovernance.asp.
Mr. Todd Hilditch, President and CEO of Terraco, extends his gratitude to Terraco's shareholders for their show of support.
Terraco is a junior mining company with a gold project portfolio that includes a gold royalty and royalty option for up to a 3% NSR on the Spring Valley Project (Nevada), which is a joint venture between the world's largest gold producer, Barrick Gold Corporation, and Midway Gold Corp. Barrick has reported that it has spent US$30 Million on the Spring Valley Project to earn a 60% interest in that project. Barrick recently declared its intention to expend an additional US$8 Million on the Spring Valley Project before December 31, 2014, in order to earn a further 10%; increasing its interest to 70%. Terraco controls over 35 square kilometres of early-stage exploration potential at its Moonlight Project, which adjoins the Spring Valley Project to the north. Terraco also has an advanced-stage gold project in Idaho which hosts a National Instrument 43-101 compliant gold resource.
FOR FURTHER INFORMATION PLEASE CONTACT:
Neither the 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.Contact Information:
Terraco Gold Corp.
President and CEO
(604) 443-3831 or Toll Free: 1 (877) 792-6688
(604) 682-3860 (FAX)