Seems like Fremont might be getting ready for a little Anacollo excitement. Remember folks Fremont is bordering Dayton to the Northwest, and we have just about everything else..lol!!!!!!
Tuesday June 29, 8:04 am Eastern Time
Company Press Release
Fremont Gold Corporation Announces Majority of Shareholders Approve Consent Resolution
BELLINGHAM, Wash.--(BUSINESS WIRE)--June 29, 1999--On June 7th 1999, the board of directors of Fremont Gold Corporation (OTC BB:FGLD) (''Fremont'') adopted a resolution recommending to shareholders that the number of common shares authorized be increased from 20,000,000 to 100,000,000.
It was further recommended that the stock option plan be amended to increase the number of shares available to be issued from 1,000,000 to 2,000,000. These changes give the company the ability to pursue future financing.
Management of Fremont is pleased to report that approval has now been received from shareholders representing the required majority of the issued and outstanding shares of the company. Amendments to the company's certificate of incorporation and stock option plan have been made accordingly.
Fremont is a junior exploration company specializing in the acquisition and exploration of gold properties in Latin America. Currently the company has four exploration properties in Chile all of which are under joint-venture agreements whereby the joint-venture partners are obligated to make property payments and to carry out exploration work.
This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by the company with the Securities and Exchange Commission, specifically the most recent reports on forms 10-QSB and 10-QSB that identify important risks which could cause actual results to differ from those contained in the forward-looking statements. |
