VANCOUVER, British Columbia, Might 14, 2021 (GLOBE NEWSWIRE) — GT Gold Corp. (TSX-V:GTT; OTCQX:GTGDF) (the “Firm” or “GT Gold”) right now introduced that its Board of Administrators has concluded that there was no foundation for allegations made throughout a proxy contest, accusing Mr. Ashwath Mehra, the Govt Chairman of the Firm, of utilizing the Firm’s funds for private bills.
The Board, by a committee comprising unbiased administrators, has undertaken an intensive overview of the allegations made by a Firm shareholder in the course of the proxy contest. As a part of the investigation, a number one worldwide agency of specialist forensic accountants was engaged to look at and report on the allegations and was supplied with full entry to Firm information and administration, together with to Mr. Mehra himself.
The aforesaid report concluded that Mr. Mehra’s bills have been for a enterprise function; that they adopted the rules of GT Gold insurance policies; and that they have been submitted and successfully licensed in compliance with the related GT Gold insurance policies.
The Board, having absolutely thought of the report ready by the unbiased forensic accounting agency, agrees with the findings that the allegations have been baseless and considers the matter closed.
About GT Gold Corp.
GT Gold is engaged in advancing its wholly-owned, 47,500 hectare Tatogga property, situated within the famend “Golden Triangle” close to Iskut, British Columbia. To this point, GT Gold has made two vital discoveries on the Tatogga property, “Saddle South”, a treasured steel wealthy vein system and “Saddle North”, a gold-rich copper porphyry system.
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