Acadian Mining Corporation

Published : February 09th, 2010

Announces Change in Board of Directors

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Keywords :   Australia | Barite |

 

 

Trading Symbol: ADA:TSX; C2Z-Frankfurt

News Release No. 01-10

Shares Outstanding: 491,691,616

February 8, 2010

                                                                                                                                                    

 

 

ACADIAN MINING ANNOUNCES CHANGE IN BOARD OF DIRECTORS

 

Acadian Mining Corporation (TSX: ADA) ("Acadian" or the "Corporation") announced that, effective February 5, 2010, Joseph Gutnick, President and CEO of Legend International Holdings, Inc. ("Legend") and Golden River Resources Corporation (�Golden River�), resigned as a director and as executive chairman of the Corporation.  Mr. Gutnick advised the Corporation that his other business commitments prevent him from being able to devote sufficient time to the Corporation�s affairs at this time.  Peter Lee, Chief Financial Officer and Secretary of Legend, and a Director, Chief Financial Officer and Secretary of Golden River, was appointed to the board to fill the vacancy created by Mr. Gutnick�s resignation.  Mr. Lee has over 25 years of experience in the accounting, company secretarial and commercial fields in both Australia and North America. 

 

About Acadian

 

Acadian is a Halifax, Nova Scotia, Canada based mining company with five advanced gold projects, all of which host National Instrument 43-101 compliant resources.  The Corporation also owns a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia, which is currently on care and maintenance.  Acadian is actively exploring and developing its gold, zinc-lead, and barite properties in Atlantic Canada.  Acadian holds a 29.18% interest in Royal Roads Corp. (RRO-TSX-V), which is actively exploring in Newfoundland and Labrador with a current focus on the historic Buchans Camp.

 

Forward Looking Statement

 

Certain information regarding Acadian contained herein may constitute forward-looking statements within the meaning of applicable securities laws.  Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact.  Although Acadian believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.  Acadian cautions that actual performance will be affected by a number of factors, many of which are beyond Acadian's control, and that future events and results may vary substantially from what Acadian currently foresees.  Discussion of the various factors that may affect future results is contained in Acadian's Annual Information Form dated March 31, 2009, which is available at www.sedar.com.  Acadian's forward-looking statements are expressly qualified in their entirety by this cautionary statement.

 

Additional Information

 

For additional information on Acadian's properties and activities, please visit our web site at www.acadianmining.com.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

G. William Felderhof, President & CEO 

or Terry F. Coughlan, Vice President

(902) 444-7779   Toll Free: 877-444-7774

mail@acadianmining.com

Halifax, Nova Scotia

 

 

No regulatory authority has approved or disapproved the contents of this release.

 

 

Data and Statistics for these countries : Australia | Canada | All
Gold and Silver Prices for these countries : Australia | Canada | All

Acadian Mining Corporation

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CODE : ADA.TO
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Acadian Mining is a gold exploration company based in Canada.

Acadian Mining holds various exploration projects in Canada.

Its main exploration properties are JACKS POND, BUCHANS, TULKS HILL OPTIONED TO PROMINEX, SMITHFIELD NOVA SCOTTIA, LITTLE SANDY, CLEMENTINE, TULKS NORTH and 15 MILE STREAM in Canada.

Acadian Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 4.1 millions as of today (US$ 4.1 millions, € 3.1 millions).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.02, and its highest recent level on January 22, 2010 at CA$ 9.00.

Acadian Mining has 67 690 000 shares outstanding.

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