=======================================================================
Re: News Release - Monday, July 06, 2009
GoldQuest Announces Board Changes
=======================================================================
VANCOUVER, BC, JULY 6, 2009 - GoldQuest Mining Corp. ("GoldQuest" or
the "Company") is pleased to announce the appointment of Anna
Stylianides to the GoldQuest Board of Directors.
Mr. Alistair Waddell, President & CEO of GoldQuest, commented, "The
Company is delighted to welcome Anna to the Board as her executive
expertise will assist the company to move forward. Management looks
forward to her contributions as the Company continues to advance its
exploration programmes and grow shareholder value".
Anna Stylianides began her career in corporate law by joining the firm
of Webber Wentzel Attorneys in 1990 after graduating from the
University of the Witwatersrand in Johannesburg. In 1992 she joined
Investec Merchant Bank Limited where she specialized in risk management
and gained experience in the areas of corporate finance and structured
finance, mergers and acquisitions, structuring, specialized finance and
other banking and financial services transactions. She was also
involved in designing and structuring of financial products for
financial institutions and corporations. She has been a director of
and has been engaged in the financial restructuring of certain Nasdaq
publicly traded companies and has knowledge of Canadian and SEC
securities regulations. In recent years Ms Stylianides was the CEO of
FinTec Holdings Corp, a company specializing in structuring and
implementing corporate and structured finance transactions in the
Mining and Bio Science sectors. In September 2005, Ms Stylianides
joined the Surgical Spaces, Inc Group of Companies as director and CEO
and has overseen its national expansion strategy as one of Canada's
private healthcare consolidators. Ms Stylianides currently is on the
board of directors of various institutions such as Callinan Mines
Limited, Kaiser Foundation and the Frazer Institute.
The Company has granted Ms Stylianides an aggregate of 300,000
incentive stock options at an exercise price of $0.10 per share. The
options have been granted pursuant to the terms of the Company's stock
option plan and will expire in five years. The options have a vesting
schedule over a two year period.
The Company also regrets to announce the resignation of Vice-Chairman,
David Hall from its board of directors. Mr. Hall has advised that he
is resigning from the Company due to time demands from other
professional commitments he has. He has, however, agreed to continue
to assist the Company as a consultant and technical advisor, using his
extensive geological and exploration experience to help advance the
Company's portfolio in the Dominican Republic and Spain.
Management and the board would like to thank Mr. Hall as co-founder of
the Company and its former CEO for his considerable services as a
director and for his technical input into the development of new
geological models for the Dominican Republic.
About GoldQuest
GoldQuest is a Vancouver based exploration company with projects in the
Dominican Republic and Spain. GoldQuest is traded on the TSX-V under
the symbol GQC.V and in Frankfurt / Berlin with symbol M1W.
On behalf of the Board of Directors,
"signed"
Alistair H. Waddell
For further information please contact:
Alistair Waddell
President & Chief Executive Officer
Dan Maarsman
Investor Relations - Vancouver, Canada
Tel: +1-604-632 4333
www.goldquestcorp.com
investorrelations@goldquestcorp.com
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.
Forward-looking statements:
This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical fact, that address events or developments
that GoldQuest expects to occur, are forward looking statements.
Forward looking statements are statements that are not historical facts
and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although GoldQuest
believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees
of future performance and actual results may differ materially from
those in forward looking statements. Factors that could cause the
actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration success,
continued availability of capital and financing and general economic,
market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. Forward looking statements are based on
the beliefs, estimates and opinions of GoldQuest's management on the
date the statements are made. GoldQuest undertakes no obligation to
update these forward-looking statements in the event that management's
beliefs, estimates or opinions, or other factors, should change.
=======================================================================
Copyright (c) 2009 GOLDQUEST MINING CORP. (GQC) All rights reserved.
For more information visit our website at http://www.goldquestcorp.com/
or send mailto:investorrelations@goldquestcorp.com
=======================================================================
.
<
|
Goldquest Mining Corp.
|
|
EXPLORATEUR |
CODE : GQC.V |
ISIN : CA38144C1005 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Goldquest Mining est une société d’exploration minière d'or basée au Canada. Goldquest Mining détient divers projets d'exploration en Republique Dominicaine. Ses principaux projets en exploration sont CERRO DORADO, PIEDRA IMÁN, JENGIBRE, LOS COMIOS, LAS TRES PALMAS / SAN JUAN, EL TORO, LOMA VIEJO PEDRO, SANTA ANA, LAS ANIMAS et LA ESCALANDOSA en Republique Dominicaine et TORAL en Espagne. Goldquest Mining est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 55,0 millions CA$ (40,4 millions US$, 36,3 millions €). La valeur de son action a atteint son plus bas niveau récent le 18 mai 2012 à 0,04 CA$, et son plus haut niveau récent le 24 août 2012 à 2,03 CA$. Goldquest Mining possède 215 730 000 actions en circulation. |