ValGold Reports on Annual General Meeting; Appointment of Investor Relations Service Provider; Grant of Stock Options and Appoin
April 06 2011 - 9:30AM
Marketwired
At the Annual Meeting of the shareholders of ValGold Resources Ltd.
(TSX VENTURE: VAL)(FRANKFURT: VR2) (the "Company" or "ValGold")
held on Tuesday, April 5, 2011, Sargent Berner, Dr. A. Darryl
Drummond, Kenneth Yurichuk, Stephen J. Wilkinson and William J.
Witte were re-elected as directors of the Company and
PricewaterhouseCoopers LLP were re-appointed as the Company's
auditors for the following year. Shareholders also ratified and
approved the continuation of the Company's 10% rolling stock option
plan, in accordance with the requirements of the TSX Venture
Exchange.
Following the Company's Annual General Meeting, Mr. Michael
Sadhra was appointed as a director of the Company. Sargent Berner
was re-appointed the Company's Chairman of the Board. Stephen
Wilkinson was re-appointed as the Company's President and Chief
Executive Officer. Ken Yurichuk was appointed as the Company's
Chief Financial Officer and Ms. Mary Davies was appointed Corporate
Secretary. Messrs. Sadhra, Drummond and Witte were appointed to the
Company's Audit Committee, and Messrs. Witte, Berner and Yurichuk
were re-appointed to the Corporate Governance and Compensation
Committee.
The Company is also pleased to announce that it has retained the
services of Cindy Chu to provide investor relations services,
including but not limited to development of marketing materials,
maintenance of investor data bases, coordination of investor
events, attending trade shows, and contacting potential investors.
Ms. Chu has no direct or indirect interest in the Company but may
acquire such interest in the future. Cindy brings over 15 years
experience in the mining and telecommunications industry with an
extensive background in communications, sales and finance. She
graduated from the University of British Columbia with a Bachelor
of Commerce specializing in Marketing. In her most recent roles,
Cindy coordinated private investment events, liaised with
prospective investors at trade shows and conferences.
Ms. Chu will provide the services through Quorum Management
Services Inc. for which she will act as a consultant to provide
investor relations services to the Company. This arrangement is
subject to the approval of the TSX Venture Exchange.
Ms. Chu has been granted a total of 50,000 stock options in
relation to her engagement. As outlined above, these options are
exercisable at a price of Cdn$0.31 per share on or before April 5,
2016 and, in accordance with TSX Venture Exchange requirements,
will vest over a twelve month period, with one-quarter of such
options vesting in each three month period.
The Board granted an aggregate of 565,000 incentive stock
options to directors, officers, employees, consultants and advisors
to the Company. The options are exercisable at a price of $0.31 per
share on or before April 5, 2016.
For more information on ValGold's Canadian gold projects (Tower
Mountain and Garrison) and its international projects, please visit
our website at www.valgold.com.
Stephen J. Wilkinson, President & Chief Executive
Officer
No regulatory authority has approved or disapproved the
information contained in this news release.
Caution concerning forward-looking statements: The information
in this release may contain forward-looking information under
applicable securities laws. This forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from those
implied in the forward-looking information. Factors that may cause
actual results to vary include, but are not limited to, inaccurate
assumptions concerning the exploration for and development of
mineral deposits, political instability, currency fluctuations,
unanticipated operational or technical difficulties, changes in
laws or regulations, the risks of obtaining necessary licenses and
permits, changes in general economic condition or conditions in the
financial markets and the inability to raise additional financing.
Readers are cautioned to not place undue reliance on this
forwardlooking information. The Company does not assume the
obligation to revise or update this forward-looking information
after the date of this release or to revise such information to
reflect the occurrence of future unanticipated events except as may
be required under applicable securities laws.
SEC 12g3-2(b): 82-3339
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: ValGold Resources Ltd. Cindy Chu Investor Relations
(604) 687-4622 (604) 687-4212 (FAX) info@valgold.com
www.valgold.com