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Re: News Release - Tuesday, May 26, 2009
Tiomin CEO outlines corporate strategy and focus for 2009 at
company's Annual Meeting of Shareholders
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TORONTO -- May 26 2009 - Tiomin Resources Inc. ("Tiomin" or the
"Company") held its annual meeting of shareholders today. The
Company's present Board of Directors was re-elected by a significant
majority of shares voted, giving the Board and Management team a strong
mandate to move forward. During the meeting, Tiomin's President & CEO,
Robert Jackson, outlined the company's accomplishments for 2008, its
evolving corporate strategy, as well as its focus for 2009.
"We are firmly focused on long-term value creation at Tiomin, and are
executing on a strategy that couples seeking an accretive transaction
with realizing returns on our current projects and investments," said
Mr. Jackson.
"This is probably the most critical year for our company. We have a
clear sense of urgency, and notwithstanding the global economic issues
and decreased commodity prices of late, we will move this company
forward. We continue to seek a company-making transaction. We expect
to continue to advance or terminate our current projects, and we expect
to keep adequate cash reserves on hand to provide us with the financial
flexibility we require," continued Mr. Jackson.
A copy of the presentation delivered at today's meeting will be
available on Tiomin's website shortly.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among
others, the actual prices of copper and gold, the actual results of
current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
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Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
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Vaaldiam Mining Inc.
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PRODUCER |
CODE : VAA.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vaaldiam Mining is a copper development stage company based in Canada. Vaaldiam Mining produces copper, diamonds in Brazil, and holds various exploration projects in Brazil, in Canada, in Central African Republic, in Peru and in South Africa. Its main asset in production is DUAS BARRAS in Brazil and its main exploration properties are KILIFI and MAMBRUI in Kenya, HILLTOP PROPERTY in Canada, PUKAQAQA in Peru, ZUURVERDIEND and BOSSIESLAAGTE in South Africa and KIMBERLITE in Central African Republic. Vaaldiam Mining is listed in Canada. Its market capitalisation is CA$ 140.6 millions as of today (US$ 143.1 millions, € 103.6 millions). Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.70, and its lowest recent point on December 24, 2008 at CA$ 0.01. Vaaldiam Mining has 502 264 000 shares outstanding. |