2014-01-29 00:16:34 -
Toronto, Ontario CANADA, January 28, 2014 /FSC/ - California Gold Mining Inc. (CGM - TSX Venture), ("California Gold" or the "Company") is pleased to announce that the preliminary order made by the Court of Queen's Bench of Alberta and originally announced by the Company on January 13, 2014 has been varied. Pursuant to the original preliminary order, the Court deemed the annual and special meeting of shareholders of the Company originally scheduled for January 30, 2014 to be adjourned.
As a result of the variance of the preliminary order, the Company has been authorized to proceed with its annual and special meeting of shareholders on January 30, 2014 as originally scheduled in the notice of meeting. The Company would like
to remind shareholders that the cut off time for submission of proxies is 10:00 a.m. (Toronto time) on January 29, 2014.
As of the opening of business on January 28, 2014, the Company had received proxies representing 84,962,912 common shares, or 58.1% of the total outstanding common shares. Of these proxies, a minimum of 98% have been voted in favour of all proposed resolutions and the Company's board of director nominees set forth in the Company's information circular.
The main hearing for the application brought by Mr. Shefsky and his holding company disclosed in the Company's December 23, 2013 press release is still scheduled to be heard on February 5, 2014. The Company continues to believe that the allegations made by Mr. Shefsky and his holding company are groundless and the Company is defending the matter vigorously. The Company will issue further news releases with respect to this matter as warranted.
About California Gold Mining Inc.
California Gold Mining Inc. (formerly Upper Canada Gold Corp. TSX-V:UCC) is focused on developing its flagship Fremont gold project in Mariposa County, California. The project consists of a land package totaling 3,351 acres of historically producing gold mines. The Fremont Property lies within California's prolific Mother Lode Gold Belt that has produced over 50 million oz of gold historically. The Company purchased the property in March 2013.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of California Gold contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause California Gold's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this document include statements regarding claims advanced by Mr. Shefsky and his holding company, the timing of the annual and special meeting of shareholders and any potential outcome associated with the application brought by Mr. Shefsky. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward looking statements. Any factor could cause actual results to differ materially from California Gold's expectations. California Gold undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, unless otherwise required by law.
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.
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Source: California Gold Mining Inc. (TSX-V: CGM) www.caligold.ca
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