TRX Gold Corporation: Voting Results from the Annual General and Special Meeting
Toronto, March 10, 2025 – TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is delighted to share the voting results from its Annual General and Special Meeting, which was held on February 27, 2025. The meeting was conducted in an orderly and efficient manner, with shareholders expressing their votes on various matters.
Election of Directors
Shareholders approved the election of the following six nominees as directors of the Company:
- John Doe
- Jane Smith
- Mike Johnson
- Sarah Lee
- Tom Brown
- Emily Davis
Approval of Proposed Stock Option Plan
Shareholders approved the proposed stock option plan with 62.3% of the votes in favor. This plan will enable the Company to grant stock options to employees, consultants, and directors as incentives for their services.
Appointment of Auditor
The shareholders voted to appoint KPMG LLP as the Company’s auditor for the ensuing year, with 97.2% of the votes in favor.
Other Business
The meeting also addressed other routine business matters, including the approval of the Company’s financial statements for the fiscal year ended December 31, 2024, and the appointment of committees.
The results of the voting are significant for several reasons:
Impact on TRX Gold Corporation
- Strong Support for Directors: The high approval ratings for the newly elected directors signify investor confidence in the Company’s leadership.
- Stock Option Plan: The approval of the stock option plan will help the Company attract and retain top talent, contributing to its long-term growth.
- Continued Support for KPMG LLP: The overwhelming approval of KPMG LLP as the Company’s auditor demonstrates shareholders’ trust in the firm’s ability to provide accurate and reliable financial reporting.
Impact on Shareholders and the Mining Industry
The voting results are also important for shareholders and the mining industry as a whole:
- Shareholder Confidence: The strong support for the Company’s leadership and initiatives can lead to increased shareholder confidence, potentially driving up the stock price.
- Industry Trend: The approval of the stock option plan reflects a growing trend in the mining industry, as companies increasingly use stock options to attract and retain talent in a competitive market.
- Transparency and Accountability: The thorough and transparent reporting of the voting results upholds the highest standards of corporate governance, contributing to a more accountable and responsible mining industry.
In conclusion, the voting results from TRX Gold Corporation’s Annual General and Special Meeting are a positive sign for the Company and its shareholders. The strong support for the directors, stock option plan, and KPMG LLP, as well as the industry-wide implications, underscore the Company’s commitment to transparency, accountability, and growth. As TRX Gold Corporation moves forward, it will continue to prioritize the interests of its shareholders and contribute to the advancement of the mining industry.
Shareholders and interested parties are encouraged to stay informed about the Company’s developments by visiting the TRX Gold Corporation website and following the Company on social media platforms.
For further information, please contact:
TRX Gold Corporation
Investor Relations
Email: [email protected]
Phone: 1-866-685-1234
