Pershing Gold Corporation (NASDAQ:PGLC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
Pershing Gold Corporation (the “Company”) held its 2017 Annual Meeting of Stockholders (the“Meeting”) on December 20, 2017 in Denver, Colorado. Of the 31,127,481 shares entitled to vote as of the record date, 21,027,027 shares (67.55%) were present or represented by proxy at the Meeting. The Company’s stockholders approved all of the nominees and proposals. Specifically, the Company’s stockholders (i) approved the election of Stephen Alfers, Barry Honig, Edward Karr, Alex Morrison, and Pamela Saxton as directors of the Company, each to hold office until the next annual meeting of the Company’s stockholders and until their successors are elected and qualified, and (ii) ratified the appointment of KBL, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017.
The results of the voting on the matters submitted to the stockholders were as follows:
| 1. | Election of five directors: |
| Name | Votes For | Votes Withheld | Broker Non-Votes |
| Stephen Alfers | 12,737,369 | 292,351 | 7,997,307 |
| Barry Honig | 12,872, 061 | 157,659 | 7,997,307 |
| Edward Karr | 12,893,013 | 136,707 | 7,997,307 |
| Alex Morrison | 12,891,784 | 137,936 | 7,997,307 |
| Pamela Saxton | 12,897,067 | 132,653 | 7,997,307 |
| 2. | Ratification of the appointment of KBL, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017: |
| Votes For | Votes Against | Abstentions |
| 20,828,518 | 130,094 | 68,415 |
Item 5.07 Other Events.
On December 19, 2017, the Company issued a press release announcing the closing of its previously announced (i) underwritten public offering of 2,794,500 shares of the Company’s common stock at a price to the public of $2.80 which includes warrants to purchase up to 1,117,800 shares of its common stock and full exercise of the underwriters’ over-allotment option, and (ii) private placement of 2,347,236 shares of the Company’s common stock and warrants to purchase 938,891 shares at the same price as the public offering (with the exception of one director, who purchased shares and warrants at a higher price in compliance with Nasdaq rules).
About Pershing Gold Corporation (NASDAQ:PGLC)
Pershing Gold Corporation is a gold and precious metals exploration company. The Company focuses on exploration, development and mining opportunities in Nevada. The Company is focused on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada. The Company operates its business directly and also through its subsidiary, Gold Acquisition Corp. Gold Acquisition Corp. owns and is engaged in conducting exploration on the Relief Canyon Mine property in northwestern Nevada. The Company is engaged in conducting exploration on the Relief Canyon expansion properties. The Relief Canyon Mine includes approximately three open pit mines, heap leach pads consisting of approximately six cells, approximately two solution ponds and a cement block constructed adsorption desorption-recovery (ADR) solution processing circuit. The Pershing Pass property includes approximately 490 lode mining claims. The Company has not generated any revenues.
