GoldQuest Announces Results of the Annual Meeting of Shareholders
July 13 2011 - 9:00AM
Marketwired
GoldQuest Mining Corp. (TSX VENTURE: GQC)(FRANKFURT: M1W)
("GoldQuest" or the "Company") is pleased to announce that it has
held the Annual Meeting of shareholders in Vancouver on Thursday,
June 30, 2011, as initially announced in a press released dated May
27, 2011. The business at the Annual Meeting included the election
of the five person Board of Directors, which is now comprised of
Mr. William (Bill) Fisher, Mr. Julio Espaillat, Mr. Roger Davey,
Mr. Patrick Michaels and Mr. Florian Siegfried, and the approval of
the renewal of GoldQuest's incentive stock option plan, as amended
(the "Option Plan").
As further discussed in the management information circular for
the Annual Meeting, which is available for viewing and download
under GoldQuest's issuer profile at www.sedar.com, the Option Plan
was amended to incorporate the new rules introduced into the Income
Tax Act stemming from the March 2010 Federal Budget, pursuant to
which there are new tax withholding and remittance requirements for
certain stock option exercises. Therefore, a provision has been
added to the Option Plan to allow for the withholding by the
Company of any tax or other required deductions with respect to the
options granted under the Option Plan.
On behalf of the Board of Directors,
Julio Espaillat, President & Chief Executive Officer
About GoldQuest
GoldQuest is a Vancouver based mineral exploration company with
projects in Spain and the Dominican Republic, traded on the TSX-V
under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W,
with 103,508,601 shares outstanding. The recent trading range has
been C$0.19 to C$0.40.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Contacts: GoldQuest Mining Corp. Julio Espaillat President &
Chief Executive Officer +1 809 385 2222
jespaillat@goldquestcorp.com www.goldquestcorp.com
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