Ditem: Annual Extraordinary Shareholders Meeting
29 July 2011 - 10:40PM
Marketwired
Ditem Explorations (TSX VENTURE: DIT) is pleased to announce the
results of the annual extraordinary meeting of shareholders held in
Montreal on June 27th. At the meeting, shareholders elected the
members of the Board of Directors, nominated the auditors, voted
for the extension of the shareholders rights plan and approved a
new stock option plan.
Shareholders re-elected Mr. Raymond Davies, Mr. Nick Di Perno,
Mr. Lo-Sun Jen, Mr. Richard-Marc Lacasse and Mr. Raymond
Savoie.
Former director Mr. Regent Watier did not seek re-election. Mr.
Watier served on the Ditem Board for 10 years and was greatly
appreciated by all. The members of the Board and shareholders wish
to thank Mr. Watier for his commitment and valuable contributions
to the Company and wish him a long and happy retirement in the
pursuit of his favourite activities. He will be missed.
Shareholders reappointed KPMG as auditors of the Company and
also extended the shareholders' rights plan for an additional
three-year period. The shareholders also approved the new stock
option plan. The previous stock option plan was based on a fixed
number, and is now a rolling plan, whereby the number of options
automatically increases or decreases as the number of issued shares
of the Company increases or decreases.
Ditem Explorations is an exploration and development company
with properties in the Athabasca Basin in Saskatchewan (Beartooth
Island and Cree Lake), the Otish Basin (Otish Uranium and Lac
Henri) and on the North Shore near La Romaine (Lalande) in Quebec.
Drilling is planned on the Otish Uranium property to confirm
uranium mineralisation and initial exploration programs are to be
completed on the Lac Henri and Lalande rare earth properties this
summer. Properties and general information may be viewed on the
Company's website at www.ditem.com.
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: David Vincent Director, Investor Relations (514)
875-9034 david.vincent@ditem.com www.ditem.com
(TSXV:DIT)
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