News Releases

Manitou Gold Announces AGM Results and Stock Option Grant

 

SUDBURY, ONTARIO â€" June 25, 2015 â€" Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) is pleased to announce the results of the Company’s annual and special meeting of shareholders held on June 24, 2015 (the “Meeting”).

At the Meeting, all director nominees listed in the Company’s management information circular dated May 15, 2015 were elected as directors of the Company. The detailed results of the management proxies received are as follows:

Director Vote Type Number of Votes Percentage of Votes
Richard Murphy For
Withheld
20,642,078
36,000
99.83%
0.17%
Ron Arnold For
Withheld
17,637,078
3,041,000
85.29%
14.71%
Craig Stanley For
Withheld
20,642,078
36,000
99.83%
0.17%
Guy Mahaffy For
Withheld
20,642,078
36,000
99.83%
0.17%


Mr. Guy Mahaffy was elected as a new member of the Manitou board of directors. Mr. Mahaffy is the Managing Director of W.G. Mahaffy Limited, a financial advisory firm.  He holds the professional designations of Chartered Accountant, Chartered Professional Accountant and Chartered Financial Analyst. He has over 20 years of experience, with the past 10 years focused on the junior resource sector. He has served as an officer and director of mineral resources exploration companies on both the Toronto Stock Exchange and the TSX Venture Exchange, including previously having served as a director and as the Chief Financial Officer of Manitou from June 2009 to June 2012.  Mr. Mahaffy will chair the audit committee of Manitou.

As a brief operational update, the Company has commenced a review of its key gold assets with a view to exploring potential strategic transactions.

The Company also announces that it has granted options to acquire a total of 4,000,000 common shares of the Company to consultants, officers and directors of the Company at the exercise price of $0.10 per share for a period of two years.

Manitou also reports that it is moving its Sudbury office.  The new address is:  101-117 Elm Street, Sudbury Ontario, P3C 1T3.  The phone and fax numbers remain unchanged

For further information on Manitou Gold Inc. contact:

Richard Murphy
Manitou Gold Inc.
Telephone: 705-222-8800
Email: info@manitougold.com

Neither 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.