Manicouagan Reports on the Annual and Special Meeting of Shareholders Held June 8, 2011
June 09 2011 - 9:00AM
Marketwired
Manicouagan Minerals Inc. (TSX VENTURE: MAM) announced today that
all proposed resolutions were approved at the Company's Annual
General and Special Meeting of Shareholders.
Board Members Re-elected
Messrs Douglas A.C. Davis, Jacques R. Beauregard, Donald K.
Johnson, Vahan Kololian, Joseph Baylis, W. Brian Carter and Claude
Britt where elected to the Board of Directors of the Company.
Mr. Constantine Salamis, formerly Vice-Chairman of the Company,
did not stand for re-election to the Board of Directors.
Manicouagan thanks Mr. Salamis for his contributions as a founding
Director and first President of the Company, and wishes him success
in his future endeavours.
Share Consolidation
Manicouagan's shareholders approved that the issued and
outstanding Common Shares in the capital of the Corporation be
consolidated on the basis of one (1) new Common Share for every ten
(10) Common Shares presently issued and outstanding (the
"Consolidation") and to amend the articles of the Corporation
accordingly. The Board will proceed to give effect to the
consolidation as quickly as possible subject to TSX Venture
Exchange and regulatory approvals.
The resolution to approve the Consolidation of the Company's
shares was approved by 90 percent of the shareholders voting of the
meeting.
Auditors and Stock Option Plan
The shareholders also approved resolutions in respect of the
reappointment of the Company's Auditors and the renewal of the
Stock Option Plan.
About Manicouagan
Manicouagan Minerals Inc. is a Canadian based exploration
company focused on advancing its gold projects in the Pickle Lake
Gold Belt, Ontario. Manicouagan also has a pipeline of commodity
projects including the Brabant Lake Zinc deposit in Saskatchewan,
together with the Mouchalagane Nickel/Copper/PGE project and the
HPM/Forgues Nickel/Copper/Cobalt project, both in Quebec.
Additional information about the company can be found at
www.manicouaganminerals.com.
Une traduction francaise de ce communique de presse est
disponible a www.manicouaganminerals.com.
Forward Looking Statements
All statements other than statements of historical fact,
included in this release, including, without limitation, statements
regarding potential mineralization and reserves, exploration
results, and future plans and objectives of the Company, are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are exploration risks
detailed herein and from time to time in the filings made by the
Company with securities regulators.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Manicouagan Minerals Inc. Joseph Baylis President and
Chief Executive Officer (416) 542-3980 Manicouagan Minerals Inc.
Andreas Curkovic Investor Relations (416) 577-9927
investorrelations@manicouaganminerals.com
www.manicouaganminerals.com