VANCOUVER, June 14 /CNW/ - Geovic Mining Corp. (the "Company")
(TSXV: GMC/GMC.WT/ GMC.WT.A/GMC.WT.B) is pleased to announce that at its
recent Annual and Special General Meeting the shareholders approved all of the
resolutions submitted for their approval.
At the meeting Robert J. (Don) MacDonald, Michael T. Mason, Wade Nesmith,
Gregg Sedun, John E. Sherborne and William A. Buckovic were re-elected to the
board of directors and Ernst & Young LLP were re-appointed as auditors of the
The shareholders approved the amendment of the Company's stock option
plan to increase the number of shares reserved for issuance pursuant to the
plan to 18,700,000 shares, representing 18.83% of the Company's issued and
outstanding shares as of the record date for the meeting. The shareholders
also approved the release of certain shares that are subject to resale
restrictions imposed by a voluntary pooling agreement entered into in
connection with the Company's December 1, 2006 reverse takeover transaction.
Any such release of shares remains subject to the approval of the TSX Venture
The Company's common shares trade on the TSX Venture Exchange under the
symbol "GMC" and its warrants trade under the symbols "GMC.WT", "GMC.WT.A" and
This press release is not an offer of securities for sale or the
solicitation of an offer to buy securities in the United States or Canada.
Securities may not be offered in the United States.
Statements contained in this press release that are not historical facts
are forward-looking statements (within the meaning of the Canadian securities
legislation) that involve risks and uncertainties. Forward-looking statements
include, but are not limited to, statements with respect to permitting time
lines and currency fluctuations. In certain cases, forward-looking statements
can be identified by the use of words such as "expects" or variations of such
words and phrases or state that certain actions, events or results "will"
occur. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Geovic Mining to be materially different from
any future results, performance or achievements expressed or implied by the
forward-looking statements. Such risks and other factors include, among
others, actual results of current business activities; conclusions of economic
evaluations; future prices of metals; failure of plant, equipment or processes
to operate as anticipated; accidents, labour disputes and other risks of the
mining industry or delays in obtaining governmental approvals. There can be no
assurance that forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The forward-looking statements in this press
release speak only as of the date hereof. Geovic Mining does not undertake any
obligation to release publicly any revisions to these forward-looking
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Geovic Mining Corp., John Sherborne, (970)