Brazilian Gold Announces Annual General Meeting Results
23 June 2011 - 7:49AM
Marketwired
Brazilian Gold Corporation (TSX VENTURE: BGC) ("Brazilian Gold" or
the "Company") is pleased to announce the results of its recently
held Annual General Meeting of shareholders (the "Meeting"). At the
Meeting, shareholders elected one new director, Luis Azevedo, to
the Company's Board of Directors. Mr. Azevedo joins Christian Bue,
Glen Dickson, James Mellon, John (Ian) Stalker and Joanne Yan who
were each re-elected to the Board at the Meeting.
Mr. Azevedo is a lawyer and geologist, currently a partner at
FFA Legal & Support Mine/Oil Companies. He has 25 years of
business and mining experience in Brazil and has assembled land
packages that resulted in four initial public offerings (Talon,
Avanco, Beadell and Carnavale) since 2004. Previously Mr. Azevedo
worked for Western Mining, Barrick and Harsco. He holds a Geology
Degree from Universidade Do Estado Do Rio De Janeiro, a Law Degree
from Faculdade Integradas Candido Mendes and a Master of Law Degree
from Pontifice Universidade Catolica Do Rio de Janeiro.
In addition, at the Meeting the shareholders approved the other
matters put before the Meeting including the re-appointment of
MacKay LLP as the Company's auditor, and an amendment to the
Company's Incentive Stock Option Plan to allow for a procedure to
ensure that the Company complies with its withholding tax
obligations and a provision with respect to the treatment of
options that expire during a black-out period. Full details of the
matters approved at the Meeting are set out in the Company's
management information circular dated May 13, 2011, available on
SEDAR.
At the first meeting of the newly constituted Board of Directors
held immediately after the Meeting, Christian Bue was appointed as
non-executive Chairman of the Board, and the following individuals
were appointed as officers of the Company:
John (Ian) Stalker, Chief Executive Officer
Joanne Yan, President
Jonathan Ronkai, Chief Financial Officer
Garnet Dawson, Vice President, Exploration
Cyndi Laval, Corporate Secretary
The Board of Directors elected Glen Dickson (Chair), Christian
Bue, Luis Azevedo and Joanne Yan as the audit committee; and
Christian Bue (Chair), Glen Dickson, James Mellon and John (Ian)
Stalker as the corporate governance and compensation committee.
The Company has also granted incentive stock options to its
newly elected director and officer to purchase up to aggregate
440,000 common shares of the Company. The options are exercisable
for a five year period at a price of $1.08 per share and are
subject to vesting provisions.
About Brazilian Gold Corporation
Brazilian Gold Corporation is a Canadian based public company
with a focus on acquisition, exploration and development of mineral
properties in northern Brazil. It is the largest holder of
exploration concessions (3,546 km2) in the underexplored Tapajos
Mineral Province, which historically produced over 30 million
ounces of gold largely from alluvial deposits.
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 this release.
Contacts: Brazilian Gold Corporation Ian (John) Stalker CEO and
Director +1 604 602-8188 Brazilian Gold Corporation Joanne Yan
President and Director +1 604 602-8188 +1 604 677-6243 (FAX)
www.braziliangold.ca Investor Relations Tom Hart +1 403
701-4278
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