ROUYN-NORANDA, QC, Jan. 24, 2012 /CNW Telbec/ - Visible Gold Mines (TSXV: VGD) (Frankfurt: 3V4) announces the voting results from its annual and special meeting of
shareholders held on January 19, 2012. At the meeting, the shareholders
elected Martin Dallaire, Sylvain Champagne, Pierre Vézina and Sébastien
Bellefleur as directors of the Corporation. Following the shareholders'
meeting, the Board of Directors re-appointed Martin Dallaire as
President and Chief Executive Officer of the Corporation, Sylvain
Champagne as Secretary and Chief Financial Officer of the Corporation
and Robert Sansfaçon as vice-president exploration.
In addition, shareholders also approved a resolution ratifying and
confirming the Corporation's stock option plan and re-appointed Raymond
Chabot Grant Thornton LLP, Chartered Accountants, as the auditors of
The Board of Directors also granted an aggregate of 850,000 stock
options to Visible Gold Mines' four directors and to one officer. The
exercise price of the options is $0.15 and are for a term of ten years.
The options were granted pursuant to Visible Gold Mines' Stock Option
About Visible Gold Mines
Visible Gold Mines Inc. is a dynamic corporation aggressively searching
for the next important gold deposit in northwestern Québec, an area
consistently ranked as one of the world's best jurisdictions for mining
and exploration. The Corporation has no debt and its current cash
liquidity is approximately $3.5 million.
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 the release.
SOURCE VISIBLE GOLD MINES INC.
For further information:
Martin Dallaire, President and Chief Executive Officer
Telephone: 819-762-0609, Fax: 819-762-0097