VANCOUVER, British Columbia, May 12, 2020 (GLOBE NEWSWIRE) — Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) announces that it has amended the text of the proposed new Articles of the Company which are to be presented for shareholder approval at the Company’s upcoming shareholders’ meeting on June 4, 2020.Below is the existing language of section 14.12(3) of the proposed Articles:As a result of Glass Lewis’ review and recommendations on the matter, we propose to change the language to the last paragraph above as follows:
“The adjournment or postponement of a meeting of shareholders shall result in the commencement of a new time period for the giving of a Nominating Shareholder’s notice in respect of such meeting, which time periods shall be as set out in (a) or (b) above and which shall be determined based on the date of the adjourned or postponed meeting or the announcement thereof.”About Sabina Gold & SilverSabina Gold & Silver Corp. is well-financed and is an emerging precious metals company with district scale, advanced, high grade gold assets in one of the world’s newest, politically stable mining jurisdictions: Nunavut, Canada.Sabina released a Feasibility Study on its 100% owned Back River Gold Project which presents a project that has been designed on a fit-for purpose basis, with the potential to produce ~200,000 ounces a year for ~11 years with a rapid payback of 2.9 years (see “Technical Report for the Initial Project Feasibility Study on the Back River Gold Property, Nunavut, Canada” dated October 28, 2015).The Project received its final Project Certificate on December 19, 2017. The Project received its Type A Water License on November 14, 2018 and is now in receipt of all major authorizations for construction and operations.In addition to Back River, Sabina also owns a significant silver royalty on Glencore’s Hackett River Project. The silver royalty on Hackett River’s silver production is comprised of 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter.The Company had approximately $21.2 million in cash, cash equivalents and short-term investments as at March 31, 2019.For further information, please contact:Nicole Hoeller, Vice-President, Communications, 1-888-648-4218, [email protected]This news release has been authorized by the undersigned on behalf of Sabina Gold & Silver Corp.Bruce McLeod, President & CEO
Suite 1800 – Two Bentall Centre
555 Burrard Street
Vancouver, BC V7X 1M7
Tel 604 998-4175 Fax 604 998-1051
http://www.sabinagoldsilver.com
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