ROUYN-NORANDA, QC, Dec. 6, 2013 /CNW Telbec/ - Visible Gold Mines (TSXV: VGD) (Frankfurt: 3V4) announces the voting results from its annual and special meeting of
shareholders held on November 29, 2013. At the meeting, the
shareholders elected Martin Dallaire, Sylvain Champagne, Pierre Vézina
and Sébastien Bellefleur as directors of the Corporation. Following
the shareholders' meeting, the Board of Directors re-appointed Martin
Dallaire as President and Chief Executive Officer of the Corporation,
Sylvain Champagne as Secretary and Chief Financial Officer of the
Corporation and Robert Sansfaçon as Vice President, Exploration of the
In addition, shareholders also approved resolutions ratifying and
confirming the Corporation's stock option plan, approving an amendment
to By-Law No.1 and re-appointing Raymond Chabot Grant Thornton LLP,
Chartered Accountants, as the auditors of the Corporation.
The Board of Directors has today granted stock options in respect of
900,000 common shares to four directors. The options were granted
pursuant to Visible Gold Mines' Stock Option Plan. The exercise price
of the options is $0.05. The options expire in ten years. The option
granted to the Visible Gold's directors will vest immediately.
As regards the take-over bid for the Corporation made by Zara Resources
in August 2013, the Corporation obtained a cease-trade order, as
previously announced, which effectively suspended the offer. The
cease-trade order remains in effect, so that it is business as usual
for the Corporation.
About Visible Gold Mines
Visible Gold Mines Inc. is a dynamic corporation aggressively searching
for the next important gold deposit in northwestern Québec, an area
consistently ranked as one of the world's best jurisdictions for mining
Neither the 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 the release.
SOURCE: Visible Gold Mines Inc.
For further information:
Martin Dallaire, President and Chief Executive Officer
Telephone: 819-762-0609, Fax: 819-762-0097