KIRKLAND LAKE, ON, June 25 /CNW/ - VAULT MINERALS INC. (TSX-V: VMI)
("Vault" or the "Company") announces the results of its 2009 annual and
general meeting of shareholders held in Toronto, Ontario on June 25, 2009.
Election of Directors and Appointment of Auditors
At the meeting, the shareholders of the Company approved all resolutions
put before them by management, including the election of directors and the
re-appointment of Ross, Pope & Company LLP as external auditors of the
Company. The returning board members are Joseph Horne, Daniel McCormack, Scott
Waldie, Peter Bojtos and Kyle Sinclair.
Officer and Committee Appointments
At a subsequent board meeting, the directors re-appointed Joseph Horne as
President & Chief Executive Officer, Tara Gilfillan as Chief Financial
Officer, Daniel McCormack as Vice President and Michael Sutton as Vice
President, Exploration. The board has also appointed a fully independent audit
committee comprising Messrs Waldie, Bojtos and Sinclair.
Grant of Stock Options
Vault also announces the grant of an aggregate 1,000,000 incentive stock
options ("Options") to certain directors, officers, and an employee of the
Company, pursuant to the terms of the Company's stock option plan and which
remain subject to regulatory approval. Each Option, which vests over a
21-month period, entitles the holder thereof to acquire one common share of
the Company at an exercise price of $0.125 prior to the close of business on
June 25, 2014.
Vault Minerals Inc. is a Canadian junior gold exploration company active
in the world-renowned Kirkland Lake gold camp of northern Ontario. The
Company's capital consists of 33,266,093 issued and outstanding common shares
which are listed for trading on the TSX Venture Exchange under the symbol
'VMI'. For further information, please contact Joe Horne, President at 902 402
8266 or visit www.vaultminerals.com
On behalf of the Board of
VAULT MINERALS INC.
signed "Joseph D. Horne"
Joseph D. Horne, President & CEO
This Press Release may contain forward-looking statements that involve
inherent risks and uncertainties. Actual events or results could differ
materially from the Company's forward-looking statements and expectations, and
the Company disclaims any obligation to update these forward-looking
"Neither 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 this release."
For further information:
For further information: Joe Horne, President at 902 402 8266 or visit