Uragold Annual General Meeting Results and Silica Update

Uragold Annual General Meeting Results and Silica Update

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Montreal, Quebec / ACCESSWIRE / June 23 2014 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce the voting results of its Annual General Meeting held on June 18, 2014 in Montreal, at the offices of McCarthy Tetrault.

A total of 9,721,500 shares, representing 17.9 per cent of the issued capital, were voted at the meeting. No shares or proxies were disqualified. Shareholders voted to re-elect the Company’s five (5) member Board of Directors, and reappoint Raymond Chabot Grant Thornton as auditors.

The votes were as follow:

 -----------------------------------------------------
 |Election of Directors                              |
 |---------------------------------------------------|
 |                    |          |     |        |    |
 |---------------------------------------------------|
 |Nominee             | Voted    |%    |Withheld|%   |
 |                    |For       |     |        |    |
 |---------------------------------------------------|
 |Bernard J. Tourillon| 9,168,476|94.3%| 553,024|5.7%|
 |---------------------------------------------------|
 |Noelle Drapeau      | 9,455,480|97.3%| 266,020|2.7%|
 |---------------------------------------------------|
 |Patrick Levasseur   | 9,168,476|94.3%| 553,024|5.7%|
 |---------------------------------------------------|
 |Robert Robitaille   | 9,455,480|97.3%| 266,020|2.7%|
 |---------------------------------------------------|
 |Richard Mimeau      | 9,455,480|97.3%| 266,020|2.7%|
 |---------------------------------------------------|
 |                    |          |     |        |    |
 |---------------------------------------------------|
 |Appointment of Auditors                            |
 |---------------------------------------------------|
 |RCGT                | 9,455,480|97.3%| 266,011|2.7%|
 -----------------------------------------------------

Patrick Levasseur, Uragold President and COO, remarks: “I would like to thank all voting shareholders for their overwhelming vote of confidence in Management’s efforts to develop two gold mines in the Beauce region of Quebec and the development of our new silica properties”

Mr. Levasseur also stated, “I would also like to congratulate FerroAltantica for choosing Port-Cartier, Quebec for the location of it new Silicon Metal plant. We are very excited about the potential development of the Silicon Metal industry in Quebec and are proud to be able to participate in its growth with such a strong portfolio of high assets.” Mr. Levasseur went on to say “the Company is looking forward to beginning work on the highest priority targets in the near future and confirming the numbers published in the May 22, 2014 news release.” The news release can be viewed here: http://www.uragold.com/pressreleases/60-052214.pdf.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company listed on the TSX Venture. Uragold holds gold properties in Southern Quebec’s Appalachian belt and a strategic portfolio of high purity silica (+98.5% SiO2) deposits and closed silicon metal mines in Quebec.

Uragold is implementing a unique business model that calls for developing smaller-scale mining projects, (Capex < C$10M with a starting LOM between to 3 to 7 year), which can generate high yield returns (IRR > 50%), into mines in order to generate free cash flow to internally finance growth and blue-sky exploration projects

Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com 

SOURCE: Uragold Bay Resources Inc  

ReleaseID: 417125

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