Settlement of Proxy Contest Results in Reconstituted Board of Directors of Roxgold

At Roxgold Inc.'s annual meeting held on September 25, 2012, Oliver Lennox-King and each of his four other nominees to the Roxgold board of directors were successfully elected following a proxy contest initiated several months earlier by Mr. Lennox-King. Joining Mr. Lennox-King's nominees on the expanded Roxgold board were two additional independent nominees put forward by Roxgold management in response to Mr. Lennox-King's proxy contest. Mr. Lennox-King and Roxgold entered into a Settlement Agreement in advance of the annual meeting that terminated the proxy contest commenced by Mr. Lennox-King on mutually agreeable terms.

This settlement allowed Roxgold to move forward with a reconstituted board.

Oliver Lennox-King was represented by Davies Ward Phillips & Vineberg LLP, with a team that consisted of Kevin Thomson, Melanie Shishler and Jay Galbraith. Mr. Lennox-King was also represented by Teresa Tomchak of Farris, Vaughan, Wills & Murphy LLP as special litigation counsel in British Columbia.

Roxgold was represented by Norton Rose Canada LLP, with a team that included Walied Soliman, Orestes Pasparakis, Heidi Reinhart and Andrea Brewer. The company also retained Stephen Schachter of Nathanson, Schachter & Thompson LLP as special litigation counsel in British Columbia.


Heidi Reinhart Teresa M. Tomchak Walied Soliman Melanie A. Shishler Kevin J. Thomson Andrea Brewer Orestes Pasparakis Stephen R. Schachter