preloader

RESULTS OF ANNUAL MEETING OF SHAREHOLDERS

La Jolla, California, December 30th, 2021. Tonogold Resources, Inc. (“Tonogold” or the” Company”) (OTC: TNGL) is pleased to announce the results of its annual meeting of shareholders held virtually on December 29th, 2021 (the “Meeting“), at which the shareholders approved all resolutions.


A total of 124,877,230 votes were cast in connection with the Company’s proxy, representing 36.13% of the issued and outstanding common shares of the Company.


All the resolutions, as outlined in the Company’s proxy statement dated November 15, 2021, (https://tonogold.com/pdf/LN-AMS-2021.pdf) were approved by the requisite majority of votes cast at the Meeting.


The number of directors is fixed at 3. The nominees in the Proxy Statement were re-elected at the Meeting to serve as directors of the Company until the Company’s next annual shareholders meeting. The detailed results of the vote for the election of directors are set out below:

The other three resolutions—the approval of the minutes of the previous Annual Meeting of Shareholders, appointment of the Auditors, and an increase in the authorized Common Shares of the Company from 699 million to 999 million—also passed at the meeting. Details of voting are provided in the table below:

ABOUT TONOGOLD

Tonogold Resources, Inc. is a mining company focused on developing the gold and silver resources of the Comstock Mining District located near Virginia City, Nevada, about 40 kilometers southeast of Reno. Tonogold controls approximately 4,300 acres of mining claims and private properties within the Comstock Mining District. The company’s land package contains approximately 3 kilometers of the 5-kilometer strike of the Comstock Lode, approximately 3.9 kilometers of the 4.5 kilometers of the mapped strike length of the Occidental/Brunswick Lode, and the entirety of the Lucerne Deposit, a fully-permitted open pit gold-silver mine on the Silver City Spur of the Comstock Lode.

FORWARD-LOOKING STATEMENTS

This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Tonogold. Forward-looking statements are statements that are not historical facts. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: capital raising activities and negotiations; market conditions; future changes in exploration activities, production capacity, and operations; future exploration, production, operating, and overhead costs; production of feasibility studies, technical reports, or other findings related to estimated mineralization; operational and management restructuring activities; capital expenditures (by Tonogold or other parties) and their impact; investments, acquisitions, joint ventures, strategic alliances, business combinations, asset sales; consulting, operational, tax, financial and capital projects, and initiatives; contingencies; environmental compliance and changes in the regulatory environment; 2 offerings, sales, equity dilution, and other actions regarding debt or equity securities; including a redemption of the debenture, and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings, and growth. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential,” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by Tonogold management in light of their experience and their perception of historical and current trends, current conditions, possible future developments, and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations, or warranties, and are subject to risks and uncertainties that could cause actual results, developments, and business decisions to differ materially from those contemplated by such forward-looking statements. Occurrence of such events or circumstances could have a material adverse effect on the business, financial condition, results of operations, cash flows, or the market price of Tonogold’s securities. All subsequent written and oral forwardlooking statements by or attributable to Tonogold or persons acting on their behalf are expressly qualified in their entirety by these factors. Tonogold does not undertake any obligation to publicly update or revise any forward-looking statement. Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any other securities or Tonogold.

CONTACT INFORMATION FOR TONOGOLD

Brian Metzenheim

Interim CEO
M: +775 848 9578
bmetzenheim@gmail.com