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.
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Acadian Mining Corporation
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EXPLORATEUR |
CODE : ADA.TO |
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Acadian Mining est une société d’exploration minière d'or basée au Canada. Acadian Mining détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont JACKS POND, BUCHANS, TULKS HILL OPTIONED TO PROMINEX, SMITHFIELD NOVA SCOTTIA, LITTLE SANDY, CLEMENTINE, TULKS NORTH et 15 MILE STREAM au Canada. Acadian Mining est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 4,1 millions CA$ (4,1 millions US$, 3,1 millions €). La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,02 CA$, et son plus haut niveau récent le 22 janvier 2010 à 9,00 CA$. Acadian Mining possède 67 690 000 actions en circulation. |