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TORONTO - Probe Gold Inc. (TSX:PRB) (OTCQB:PROBF), a mining exploration company with a market capitalization of $344 million that InvestingPro analysis indicates is slightly overvalued, announced Tuesday that shareholders approved all proposed resolutions at the company’s Annual General Meeting held in Toronto.
According to a press release statement, approximately 53.3% of the company’s outstanding shares were represented at the meeting, with shareholders voting overwhelmingly in favor of all proposed items.
All seven director nominees were elected with approval ratings ranging from 97.1% to 100%. The elected board includes Jamie Sokalsky, David Palmer, Dennis H. Peterson, Renaud Adams, Jamie Horvat, Aleksandra Bukacheva, and Shannon McCrae.
Shareholders also approved the appointment of MNP LLP as the company’s auditor with 99.5% support and passed a resolution regarding Unallocated Entitlements with 79.6% approval.
Probe Gold describes itself as a Canadian exploration company focused on gold properties. The company owns the Novador Gold Project in Quebec, which according to the firm’s preliminary economic assessment, has potential for average annual gold production of 255,000 ounces over a 12.6-year mine life.
The company reports controlling approximately 1,835 square kilometers of exploration ground in Quebec gold belts, with total gold resources of 6,728,600 ounces in the Measured and Indicated category and 3,277,100 ounces in the Inferred category.
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