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We expect to produce approximately 65,000 to 70,000 ounces of gold in fiscal year 2011. Sonora, Mexico

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Message: Capital Gold Stockholders Approve Merger With Gammon Gold

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Capital Gold Stockholders Approve Merger With Gammon Gold

posted on Apr 04, 11 10:59AM (Log in to use the IP Check tool) ^[?]

NEW YORK, April 1, 2011 /PRNewswire/ -- The board of directors of Capital Gold Corporation (NYSE AMEX: CGC; TSX: CGC) today announced that, based on a preliminary estimate provided by its proxy solicitor, it believes it has received sufficient votes to approve CGC's merger with Gammon Gold Inc. at today's reconvened stockholders meeting.

Official certification of the voting results by the independent inspector of election, IVS Associates, is expected in the next few days, at which time the certified results will be announced.

Steve Cooper, Chairman of the board of directors stated, "The board and management team appreciate the support we have received from our stockholders during this difficult proxy contest, and ultimately believe that they recognized the compelling strategic and economic benefits of the merger with Gammon. We look forward to the official certification, and we expect to complete the merger soon after the vote is certified."

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