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Last $0.05 USD
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MHGPF On Other Exchanges
As of 4:30 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

mahdia gold corp (MHGPF) Snapshot

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mahdia gold corp (MHGPF) Details

Mahdia Gold Corporation is engaged in the exploration and development of gold properties in Guyana. It has interests in the Tiger River property that consists of 10 prospecting permits and is located to the south-southwest of Georgetown city; and the White Creek property in the Barima-Waini District, northwestern Guyana. Mahdia Gold Corporation is headquartered in Toronto, Canada.

mahdia gold corp (MHGPF) Top Compensated Officers

Chief Executive Officer, Director and Member ...
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Executive Vice President of Exploration and D...
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Chief Operating Officer of Omai Project and V...
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Compensation as of Fiscal Year 2014.

mahdia gold corp (MHGPF) Key Developments

John Martin Resigns from the Board of Directors of Mahdia Gold Corp

Mahdia Gold Corp. announced that at the company's annual and special meeting held on July 9 2014, Mr. John Martin has resigned from the board of Directors.

Mahdia Gold Corp. Adds Third Joint Venture with New Wash Plant to Increase Production; Announces Resignation of Michael Galloro CA as CFO

Mahdia Gold Corp. announced 118.5 ounces of gold were produced in its joint venture operations this month, to net approximately 40 ounces, all from the existing equipment. An additional 75 ton per day wash plant has been added this past week and gone through a testing phase. The company has 2 joint ventures, and adding a third with the new wash plant. The interest in wash plants varies from 25% to 50% of production. The arrangement with one of its major joint venture partners have been changed where the company is taking ownership of three dredges from which the company will receive 100% of production in addition to 50% of production on the existing dredge under the joint venture. Its production and the increased production from all existing dredges are expected to continue with growing production each month. The company announced the resignation of Michael Galloro CA as Chief Financial Officer.

Mahdia Gold Corporation to Amends its Bylaws

Mahdia Gold Corporation announced Board approval of amendments to its bylaws to include advance notice provisions, the purpose of which is to require that advance notice be provided to the company in circumstances where nominations of persons for election to the Board of Directors of the company are made by shareholders other than pursuant to the requisition of a meeting or a shareholder proposal, in each case as made in accordance with the provisions of the Business Corporations Act (Ontario). Among other things, the advance notice provisions fix a deadline by which shareholders must notify the company of nominations of persons for election to the Board and provide that the same information about the proposed nominee as one would have to include in a dissident proxy circular under applicable securities laws must be provided to the company by the deadline. The amendment to the bylaws is effective as of the date it was approved by the Board of Directors of the company, being June 11, 2014. In accordance with the provisions of the OBCA, the amendment will be subject to confirmation by shareholders at the annual general and special meeting of shareholders, which will be held on July 9, 2014. The amendment will apply to this meeting, unless it is ultimately not confirmed by shareholders.


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