/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO
U.S. NEWS AGENCIES/
TSX Venture Exchange: PMV
Issued & Outstanding: 77,711,311
Fully Diluted: 102,775,999
VANCOUVER, Dec. 24 /CNW/ - PMI Gold Corporation (TSX.V:PMV) - Douglas
MacQuarrie, President, announces that at the Annual General Meeting held on 13
December, 2007 the following persons were elected as Directors to hold office
for the ensuing year: David Buckle, Len Dennis, Thomas Ennison, Peter Hooper,
Douglas MacQuarrie, and JH Mensah.
At the subsequent Board meeting held on 19 December 2007 the following
persons were appointed as Officers: Executive Chairman - David Buckle,
President and CEO - Douglas MacQuarrie, Chief Financial Officer - Ford Cannon;
and per the Audit Committee: Peter Hooper, JH Mensah, and Len Dennis (all
The Board wishes to thank Peter Hooper for his past services as Non
Executive Chairman, and welcomes David Buckle as its new Executive Chairman.
Mr. Buckle holds a BSc (Chem.Eng.) and a MBL (Business Leadership). He is a
senior Finance executive with extensive strategic business planning and
emerging markets experience, and Board Director for 14 years of which 9 were
in publicly quoted companies. His Board experience was gained in both small
and large companies with turnovers from (pnds stlg)10mn to (pnds stlg)1.5bn
and market capitalisations ranging from (pnds stlg) 400mn to (pnds stlg) 5 bn.
Senior staff positions include Treasury and Executive Committee Secretariat
roles. Mr Buckle is resident in the United Kingdom.
PMI Gold also announces, subject to regulatory approval, five year
incentive stock options expiring on December 24, 2012, to purchase a total of
500,000 common shares of the Company, at a price of $0.35 per share, to
Directors, Officers, employees and advisors.
This past year has been one of amazing growth for the Company, and we are
looking forward to an equally strong and exciting 2008. The Board wishes all
our shareholders, employees, business associates and their families all the
very best for this Holiday Season.
On behalf of the Board,
"Douglas R. MacQuarrie"
Douglas R. MacQuarrie
President & CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release contains forward-looking statements which involve known
and unknown risks, delays and uncertainties not under the Company's control
which may cause actual results, performance or achievements of the Company to
be materially different from the results, performance or expectations implied
by these forward-looking statements. We Seek Safe Harbour.
For further information:
For further information: Douglas R. MacQuarrie, President & CEO,
Telephone: (604) 682-8089, Toll-Free: 1-888-682-8089, Facsimile: (604)
682-8094 or for European Investors: Florian Riedl-Riedenstein, Tel:
43-2774-28814, e-mail: firstname.lastname@example.org or John Mullen, Tel: 41-522-428795,
e-mail: John Mullen@bluewin.ch Or visit the PMI Gold Corporation website at
www.pmigoldcorp.com (in German: http://pmi.goldseiten.de)