VANCOUVER, Jan. 4 /CNW/ - Great Pacific held its annual general and
special meeting of shareholders on Thursday, December 30, 2010. At the
Meeting, Company shareholders re-elected Thal S. Poonian, Ronald
Bobowski, Mike Robichaud and Asif Khan as Directors of the Company.
Manning Elliot Chartered Accountants were re-appointed as the auditor.
The Company's stock option plan was renewed by a disinterested
At a Director's meeting held immediately following the annual and
special general meeting the Company Director's elected officers as
follows; Mr. Thal S. Poonian as President and CEO, Mr. John (Jack)
Cruise as CFO and Mr. Mike Robichaud as Secretary. The board also
appointed the members of its Audit Committee (Messrs. Bobowski, Cruise
and Robichaud) and Compensation Committee (Messrs. Khan, Bobowski and
On December 20, 2010 the Company announced that it had closed the first
tranche of a private placement previously announced on December 1,
2010. The TSX Venture Exchange granted final approval of the first
tranche on December 23, 2010. On December 29, 2010 the Company
received conditional approval of the second and final tranche of this
private placement and expects to complete this transaction shortly.
About Great Pacific International
Great Pacific International is a public company actively engaged in the
exploration and development of crude oil and natural gas. GPI currently
owns over 25,000 gross acres of P&NG leases (over 23,500 net acres) in
the Western Canadian Sedimentary Basin. The Company's strategy is
focused on creating value for shareholders by acquiring and developing
petroleum and natural gas leases primarily in western Canada. Great
Pacific's shares are listed on the TSX Venture Exchange under the
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 press
release, which has been prepared by management.
Trading on TSX.V - Symbol GPI
SOURCE Great Pacific International Inc.
For further information:
contact Thal S. Poonian, President & CEO at 604-940-9190, toll free 1-877-942-8765 or by email firstname.lastname@example.org.