ORZCF - Orezone Announces Sean Harvey as Board Chair and Results of Annual and Special Meeting of Shareholders | Benzinga

VANCOUVER, British Columbia, June 10, 2024 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX:ORE, OTCQX:ORZCF) (the "Company" or "Orezone") reports that all resolutions from the Company's annual general and special meeting of shareholders held on June 7, 2024 (the "Meeting") were approved with 61.45% of the total issued and outstanding shares of the Company represented at the Meeting.

Following the Meeting, the directors of the Company appointed Mr. Sean Harvey as Chair of the board of directors.

Sean Harvey, Chair stated "On behalf of the Company and the board, I would like to thank all of the shareholders who voted and to welcome Ms. Tara Hassan as Orezone's newest board member. In addition, we are grateful for Mr. Michael Halvorson for his past leadership and dedication to Orezone during his tenure as Chair and director. Under Mr. Halvorson's guidance, the Company achieved significant milestones as it advanced Bomboré from an exploration stage project through development and into production. We also want to thank Mr. Charles Oliver who was a long-standing member of the board and made invaluable contributions to the Company.

I am honoured to assume the role of Chair and look forward to working alongside this talented and dedicated team. The Company is focused on deleveraging the balance sheet, building a strong treasury with the upcoming construction of the Stage I Hard Rock Expansion and a continued focus on exploration with a planned multi-year campaign."

Patrick Downey, President & CEO stated "On behalf of the board and shareholders, I welcome both Sean and Tara into their new appointments. Sean has an extremely well-established track record in West Africa and his experience will have a positive influence as the Company continues to establish a platform for growth.

With respect to the Hard Rock Expansion, we are finalizing the debt proposal received from Coris Bank and expect to enter into a binding term sheet this month. With regards to the multi-year exploration campaign, drilling is anticipated to commence in Q3-2024. The focus of this program will be to add additional high-grade ounces to the project's mineral inventory, in addition to testing the broader Tier 1 potential of the Bomboré mineralized system. With the current mineral resource down to an average depth of ~200m across 14km of strike, we see significant potential to advance on both fronts."

Results of Voting

Detailed voting results for the election of directors are as follows:

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