Pershing Gold Corp. Announces Results of Annual General Meeting

27.06.2018  |  CNW

Pershing Gold Corp. (NASDAQ:PGLC) (TSX: PGLC) (FWB:7PG1) ("Pershing Gold" or the "Company"), an emerging Nevada gold producer advancing the Relief Canyon Mine, announces that all the proposed resolutions were passed at its annual general meeting ("AGM") held Friday, June 22, 2018.


The results of the voting were as follows:

Resolution 1

Each member of the Company's board of directors was re-elected. Results of the vote are as follows:

Nominee	Votes For	otes Withheld	Percentage of Votes For	Percentage of Votes Withheld
Stephen Alfers	15,218,336	165,181	98.93%	1.07%
Jeffrey Clevenger	15,219,364	164,153	98.93%	1.07%
Barry Honig	15,177,214	206,303	98.66%	1.34%
Edward Karr	15,136,454	247,063	98.39%	1.61%
Pamela Saxton	15,218,922	164,595	98.93%	1.07%

Resolution 2

The Pershing Gold Corp. Amended and Restated 2013 Equity Incentive Plan (the "Plan") was approved by the shareholders. The Plan was amended and restated to, among other things:

• Increase the number of common shares reserved and authorized for issuance under the Plan from 2,222,222 to 4,575,000 common shares;


• Limit the amount of cash and equity compensation directors may receive in any fiscal year to US$300,000 in cash and US$300,000 in equity grants;


• Restrict recipients of restricted stock issued after the adoption of the Plan from voting such shares until the restricted stock become vested;


• Prohibit payment of accrued dividends on unvested restricted stock unless and until the related restricted stock becomes vested; and


• Extend the expiration date of the Plan from February 11, 2023 to April 28, 2028.

Pershing Gold is an "Eligible International Interlisted Issuer" as defined in the Toronto Stock Exchange ("TSX") Company Manual (the "Manual"). As such, the Company has applied for an exemption pursuant to Section 602.1 of the Manual from Section 613 of the Manual, the effect of which is that, subject to the satisfaction of certain conditions prescribed by the TSX, the Company will not have to comply with certain Canadian requirements in connection with the Plan.


Resolution 3

The ratification of the appointment of KBL, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2018 was approved by a vote of the shareholders.


About Pershing Gold Corporation

Pershing Gold is an emerging gold producer whose primary asset is the Relief Canyon Mine in Pershing County, Nevada. Relief Canyon includes three historic open-pit mines and a state-of-the-art, fully permitted and constructed heap-leach processing facility. Pershing Gold is currently permitted to resume mining at Relief Canyon under the existing Plan of Operations.

Pershing Gold's landholdings cover approximately 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Pershing Gold with the opportunity to expand the Relief Canyon Mine deposit and to explore and make new discoveries on nearby lands.

Pershing Gold is listed on the NASDAQ Global Market and the Toronto Stock Exchange under the symbol "PGLC" and on the Frankfurt Stock Exchange under the symbol "7PG1".



Contact

Pershing Gold Corp.
Stephen Alfers, Executive Chairman, President and CEO
Jack Perkins, Vice President, Investor Relations
720.974.7254
investors@pershinggold.com
www.PershingGold.com