VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 21, 2016) - Columbus Gold Corp. (TSX:CGT)(OTCQX:CBGDF) is pleased to announce that Robert Giustra, Donald Gustafson, Gil Atzmon, Oleg Pelevin and Peter Gianulis have been re-elected as directors of Columbus at the 2016 Annual and Special Meeting of Shareholders held yesterday, December 20th (the "Meeting").
In addition, shareholders approved the adoption of a new stock option plan, compliant with Toronto Stock Exchange requirements, and the implementation of a shareholder rights plan (the "Rights Plan"). For particulars of the Rights Plan, see Columbus' news release dated December 2, 2016. The Rights Plan will remain in effect until the close of the annual meeting of shareholders in 2019. A copy of the Rights Plan is available on SEDAR at www.sedar.com.
Robert Giustra commented, "I would like to thank shareholders for the tremendous amount of support we have received at this year's shareholder meeting, as evidenced by the high proxy return rate of 77.50% of Columbus's outstanding shares."
Detailed voting results for the Meeting are as follows:
| Motion | Votes For |
% For |
Votes Withheld |
% Withheld |
|
| Number of Directors | 110,548,934 | 99.74% | 0 | 0.00% | |
| Election of Director Nominees: | |||||
| Robert Giustra | 74,656,907 | 99.63% | 274,223 | 0.37% | |
| Peter Gianulis | 66,649,407 | 88.95% | 8,280,723 | 11.05% | |
| Donald Gustafson | 74,795,870 | 99.82% | 135,259 | 0.18% | |
| Gil Atzmon | 66,748,369 | 89.08% | 8,182,760 | 10.92% | |
| Oleg Pelevin | 66,599,158 | 88.88% | 8,331,972 | 11.12% | |
| Appointment of Auditors | 110,521,746 | 99.72% | 314,050 | 0.28% | |
| Adoption of New Stock Option Plan | 73,429,401 | 98.00% | 0 | 0.00% | |
| Approval of Shareholder Rights Plan | 74,337,271 | 99.21% | 0 | 0.00% | |
ON BEHALF OF THE BOARD,
Robert F. Giustra, Chairman & CEO
Columbus Gold Corp
Investor Relations
(604) 634-0970
1-888-818-1364
info@columbusgold.com
www.columbusgold.com
