Bulletin from the Annual General Meeting of Central Asia Gold AB (publ.)

Central Asia Gold AB 

24.05.2012 13:36
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Stockholm, 2012-05-24 13:36 CEST (GLOBE NEWSWIRE) -- 

At the Annual General Meeting of Central Asia Gold AB (publ) held on May 24,
2012, the profit and loss account, balance sheet, consolidated profit and loss
account and consolidated balance sheet for the financial year 2011 were
approved. The AGM decided that the Company's non-restricted equity of SEK
258,789,666 shall be carried forward and that no dividends shall be paid for
the financial year 2011. 

The members of the Board of Directors and the Managing Director were discharged
from liability for the financial year 2011. 

A remuneration to be paid to the Chairman of the Board of Directors and other
members of the Board during the period until the next AGM was approved. The
Chairman is to be remunerated at 250,000 SEK and the ordinary members of the
Board, at 250,000 SEK.  Remuneration is to be paid in six increments for each
of six meetings requiring physical presence, and to be withheld for
non-attendance of a required meeting. No remuneration is to be paid for board
members who receives salary from the company. 

Lars Guldstrand, Preston Haskell and Nick Harwood were re-elected to the Board
of Directors, and Ingmar Haga and Denis Alexandrov were elected as new members
of the Board.  Preston Haskell was appointed Chairman of the Board of
Directors, this to be registered as soon as practically possible. 

The accounting firm Öhrlings PricewaterhouseCoopers AB was elected auditors of
the company, with Martin Johansson being the principal auditor and fees to the
auditor shall be based on approved invoices on the time and rate. 

The AGM decided to change the name of the company to Auriant Mining AB (publ),
to mark the changes being implemented by the company and to build international
awareness of the company. 

The Board of Directors was authorized, for the period until the next Annual
General Meeting, on one or more occasions, to issue new shares/ warrants and/or
convertibles, with or without preferential rights of shareholders.  Decisions
related to this authorization may result in an increase of the share capital by
a maximum of 28,125,000 SEK, representing a maximum of 2,500,000 shares of the
company, upon full exercise of the warrants and convertible bonds issued under
the present authorization and prior to any conversion in accordance to its
terms. The Board is authorized to define other terms and conditions for the
rights issue. 

The AGM decided to cancel the unsubscribed warrants issued under the incentive
program to some employees of the Group, according to the resolution made by the
AGM on June 28, 2010. 

The AGM decided in accordance with the Nomination Committee's proposal
regarding principles of the nomination process for the 2012 AGM and also
decided in accordance with the Board of Directors' proposal on guidelines for
remuneration of executive management. 





Short name: CAG

ISIN-code: SE0001337213

For more information, please contact:



Preston Haskell, CEO in Central Asia Gold AB, tel: +46 76 890 5549

E-mail: preston.haskell@centralasiagold.se



Website: www.centralasiagold.se, Postal and visiting address: Engelbrektsplan
2, 4tr 

 SE-114 34 Stockholm



Central Asia Gold AB is a Swedish mining company focused on gold production and
exploration in Russia in the central parts of Asia. In 2011, totally 410 kg of
gold was produced. As of the beginning of April 2012, the company's assets were
estimated to encompass some 1,000,000 oz of C1/ C2 Russian gold reserves
(around 32 tons). 

Since July 19, 2010, Central Asia Gold's shares are traded on First North
Premier at the NASDAQ OMX Nordic Exchange under the short name CAG. For more
information please visit www.centralasiagold.se. Mangold Fondkommission is
Certified Adviser to CAG, for more information please call +46 8 503 015 50 or
visit www.mangold.se. 



Cautionary Statement: Statements and assumptions made in this report with
respect to Central Asia Gold AB's ('CAG') current plans, estimates, strategies
and beliefs, and other statements that are not historical facts, are
forward-looking statements about the future performance of CAG. Forward-looking
statements include, but are not limited to, those using words such as 'may',
'might', 'seeks', 'expects', 'anticipates', 'estimates', 'believes',
'projects', 'plans', strategy', 'forecast' and similar expressions. These
statements reflect management's expectations and assumptions in light of
currently available information. They are subject to a number of risks and
uncertainties, including, but not limited to, (i) changes in the economic,
regulatory and political environments in the countries where CAG operates; (ii)
changes relating to the geological information available in respect of the
various projects undertaken; (iii) CAG's continued ability to secure enough
financing to carry on its operations as a going concern; (iv) the success of
its potential joint ventures and alliances, if any; (v) exchange rates,
particularly between the Russian rouble and the U.S. dollar. In the light of
the many risks and uncertainties surrounding any gold production and
exploration company at an early stage of its development, the actual results
could differ materially from those presented and forecast in this report. CAG
assumes no unconditional obligation to immediately update any such statements
and/or forecasts 

This press release shall not, directly or indirectly, be released, published or
distributed in or to the United States, Australia Japan, Canada, New Zealand,
Hong Kong, South Africa or other country where such action as a  whole or in
part is subject to legal restrictions. Nothing in this press release should be
considered as an offer to invest or otherwise trade in shares of Central Asia
Gold AB (publ). The proposed issue will not be directed at residents or those
living in the United States, Australia, Japan, Canada, New Zealand, Hong Kong,
South Africa or other country where such action would require further
prospectus, other offering documentation, registration or other measures beyond
those required by Swedish law. No securities will be registered under the
United States Securities Act of 1933, a similar law in any state in the United
States, or under any provincial law in Canada, nor under the applicable law of
another country.
News Source: NASDAQ OMX



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Language:     English
Company:      Central Asia Gold AB
              
               
              Sweden
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         SE0001337213
WKN:          
 
End of Announcement                             DGAP News-Service
 
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