TORONTO, June 28 /CNW/ - Gold World Resources Inc. (GDW:TSX-V) ("the Company") is pleased to report that on June 25, 2010 at the Company's Annual and Special Meeting shareholders representing 11,127,795 shares or 15.3% of shares outstanding gave management a solid mandate for its growth strategy in China.
The slate of re-elected directors comprises:
Hermann Derbuch, P.Eng.
Denis Francoeur, P.Geo.
Gerald Gauthier, P.Eng.
Brian D. McChesney, P.Eng.
and reaffirms Officers:
Hermann Derbuch - Chairman and Chief Executive Officer
Domenico Bertucci - Chief Financial Officer
The Audit Committee, consisting of independent directors, was appointed at the ensuing Board Meeting:
Brian D. McChesney - Chairman Audit Committee
Gerald Gauthier - Member
Peter Schmied - Member
At the meeting, management announced the receipt of renewal of the "Certificate of Approval for Establishment of Enterprises with Foreign Investment in the Peoples Republic of China" and the extension of the Business License for Hebei Ming Yu Mining Corporation Limited. These accomplishments permit the Company to acquire, as planned, gold mines anywhere in China to achieve accelerated Company growth and shareholder value.
As previously announced (see press release May 25, 2010) based on the positive outcome of the due diligence and technical assessment by SRK Consulting Beijing, the Company is proceeding with the negotiations of a formal contract for the acquisition of the Jin Yin Dong Gold Mine ("JYD Mine") with the owner Guizhou Rong Huai Investment Development Ltd.
ON BEHALF OF THE BOARD
Chairman & CEO
Gold World Resources Inc.
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Securities Act (Alberta), including statements concerning Gold World Resources' plans for the Property, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gold World Resources, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such information contained herein represents management's best judgment as of the date hereof based on information currently available.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Gold World Resources Inc.
For further information: For further information: Hermann Derbuch, P.Eng., Tel.: 416.594.9888, Fax: 416.594.1967