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Re: News Release - Thursday, October 29, 2009
Annual General Meeting Results & Update
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October 29, 2009, - Vancouver - Golden Peaks Resources Ltd. (TSX: GL) (
the "Company") announces that at its Annual General Meeting (the
"Meeting") held October 22, 2009, shareholders elected Messrs. Scott
Emerson, Kieran Downes, Nick DeMare, Gil Leathley and William Lee as
directors of the Company. All other resolutions were passed.
At a directors meeting held subsequent to the Meeting, the directors
appointed Mr. Scott Emerson as Chairman, Mr. Kieran Downes as President
and Chief Executive Officer and Mr. Harvey Lim as Chief Financial
Officer and Secretary.
On October 6, 2009 the Company announced a brokered financing to place
4,000,000 units at a price of $0.51 per unit with the warrant priced at
$0.64. Insider participation in this financing was established at
163,461 units. The Company and the TSX have agreed that insider pricing
for this financing be increased to $0.52 per unit with the insiders'
warrant exercise price increased to $0.65.
In Argentina, at the Company's La Fortuna Gold Project, plans are under
way for the upcoming work season. Over the last two months, in
preparation of the upcoming drill program, the Company has:
- Obtained all the necessary drilling and environmental permits.
- Re-initiated its baseline studies to meet its environmental
regulations during drilling. In 2005 the Company initiated an ongoing
baseline environmental monitoring program. The results of this program
continue to indicate the Company's activities are within the permitted
standards. This work is being done in anticipation of future
development.
- The Company is completing reclamation, road repairs and drill pads in
preparation for the drilling program.
The Company looks forward to resuming work on the La Fortuna Gold
project.
Media Information, contact:
Scott Emerson, Chairman and Director
SE@goldenpeaks.com
Investor Information, contact:
Mike Kordysz, Investor Communications
MK@goldenpeaks.com
The statements herein that are not historical facts are forward-looking
statements. These statements address future events and conditions and
so involve inherent risks and uncertainties, as disclosed under the
heading "Risk Factors" in the company's periodic filings with Canadian
securities regulators. Actual results could differ from those currently
projected. The Company does not assume the obligation to update any
forward-looking statement.
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Copyright (c) 2009 GOLDEN PEAKS RESOURCES LTD. (TSX-V:GL) All rights
reserved. For more information visit our website at
http://www.goldenpeaks.com/ or send mailto:info@goldenpeaks.com
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Golden Peaks Resources Ltd.
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EXPLORATEUR |
CODE : GL.TO |
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CUSIP : 28114L106 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Golden Peaks Res. est une société d’exploration minière d'or basée au Canada. Golden Peaks Res. détient divers projets d'exploration en Argentine. Ses principaux projets en exploration sont GOLDEN CATEO et LA FORTUNA en Argentine. Golden Peaks Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 29,9 millions CA$ (29,4 millions US$, 23,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 2,90 CA$, et son plus bas niveau récent le 05 décembre 2008 à 0,15 CA$. Golden Peaks Res. possède 115 059 000 actions en circulation. |