Bedford, Nova Scotia--(November 16, 2021) - Sylla Gold Corp. (TSXV: SYG.H) (the "Company") is pleased to report that the shareholders voted in favour of all items of business before the Annual and Special Meeting of the Shareholders held in Bedford, Nova Scotia on November 12, 2021.
Election of Directors and Motions
| MOTIONS | NUMBER OF SHARES | |||||
| FOR | % FOR | WITHHELD/ ABSTAIN | % WITHHELD/ ABSTAIN | AGAINST | RESTRICTED | |
| Regan Isenor | 10,239,786 | 99.98% | 2,000 | 0.02% | 0.00% | |
| Gregory Isenor | 10,239,786 | 99.98% | 2,000 | 0.02% | 0.00% | |
| Jean-François Lalonde | 10,195,120 | 99.54% | 46,666 | 0.46% | 0.00% | |
| Darrin Campbell | 10,195,120 | 99.54% | 46,666 | 0.46% | 0.00% | |
| Appointment of Auditors - Smythe LLP |
10,241,786 | 100.00% | 0 | 0.00% | 0.00% | |
| Approval and Confirmation of the Stock Option Plan |
10,240,186 | 99.98% | 0 | 0.00% | 0.02% | |
| Approval of Niaouleni Transaction | 8,194,686 * | 100.00% | 0 | 0.00% | 0.00% | 2,047,100 |
* Excluding 2,047,100 shares held by Insiders
Regan Isenor, President and CEO of Sylla Gold commented, "On behalf of the Company I'd like to welcome Darrin Campbell to the Board. Darrin brings a strong financial background with a particular track record of mineral exploration projects in Africa.
With the 100% shareholder support for the Niaouleni Transaction, the Company is excited to complete the extensive data compilation of the property and quickly move into a drilling campaign focusing on testing the known zones of high-grade mineralization established in past work.
I would like to thank the shareholders for the confidence expressed for the Directors and Management of Sylla Gold Corp."
Niaouleni Project
The Niaouleni Project is 9,400 hectares in size and accessible by paved highway and includes extensive artisanal mining activity within the interpreted extensions of gold bearing structures. Past exploration at Niaouleni includes extensive reverse circulation (RC) and diamond drilling, which have identified several structural gold-bearing zones that appear to extend from the adjacent Kobada gold deposit. Historical exploration and drilling results are currently being compiled into a digital database and will be interpreted for the purposes of designing a drilling program to further test these structural gold-bearing zones and possibly extend them further.
Qualified Person Statement
All scientific and technical information contained in this news release was prepared and approved by Gregory Isenor, P.Geo., Director of Sylla Gold Corp. who is a Qualified Person as defined in NI 43-101.
About Sylla Gold
Sylla Gold Corp. (TSXV: SYG.H) is a Canadian junior gold exploration company focused on the exploration and acquisition of gold properties in West Africa.
For more information, please contact:
Regan Isenor
President and Chief Executive Officer
Tel: (902) 233-4381
Email: risenor@syllagold.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.
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and includes those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.