/NOT FOR RELEASE OR DISTRIBUTION IN THE USA/
TSX Venture Exchange: PMV
Issued & Outstanding: 63,841,456
Fully Diluted: 88,115,356
VANCOUVER, June 26 /CNW/ - PMI Gold Corporation (TSX.V:PMV) - Douglas
MacQuarrie, President, announces that the Honourable J. H. Mensah has been
appointed to the Board of Directors of the Company, effective immediately.
Mr. Mensah is currently the Chairman of the National Development Planning
Commission of Ghana, an advisory board which reports directly to the President
and to Parliament. He is also currently the Member of Parliament for the
riding of Sunyani East, a seat which he has held on and off since 1969; and a
Director of AngloGold Ashanti Ltd.
Mr. Mensah was trained as an Economist, and is highly respected in
development planning, with global experience, including the United Nations. He
has previously held the post of Minister of Finance and Economic Planning; and
latterly as Leader of Government Business, head of Economic Management Team,
and Senior Minister of the Government of Ghana. He was also a member of the
African Advisory Council of the African Development Bank.
Douglas MacQuarrie, President, states that, "The addition of J.H. Mensah
to our Board of Directors fulfills our goal of becoming a truly trans-National
company. In the next few years as we move our Ashanti II Gold Project from
exploration to development, his rich knowledge and experience will be
invaluable and complement our other in country expertise and the wider talents
of our Board."
The Company also announces, subject to regulatory approval, five year
incentive stock options expiring on June 26, 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.
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.
NOT FOR RELEASE OR DISTRIBUTION IN THE USA.
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.
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; European Investors: Florian Riedl-Riedenstein, Tel: 43-2774-28814,
e-mail: email@example.com; 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)