Manicouagan Elects New Director at Annual General Meeting
28 May 2010 - 7:47AM
Marketwired
Manicouagan Minerals Inc. (TSX VENTURE: MAM) is pleased to announce
that Mr. Claude Britt has been elected to the Board of Directors.
Mr. Britt brings significant exploration experience to the Board.
Mr. Britt has been active in mineral exploration and production for
over 35 years, and has been directly involved in several mineral
discoveries including the Silidor mine in Rouyn Noranda, the
Tulawaka and Buzwagi mines in Tanzania and the Pukakaka Sur deposit
in Peru. He was formerly VP Exploration of Pangea Goldfields, which
was taken over by Barrick Gold during his tenure in 2000. Mr. Britt
has also worked with major companies including Iron Ore Company of
Canada, Noranda and Aur Resources. He holds a Bachelor's Degree in
Geology from the University of Western Ontario.
Mr. Britt replaces Elizabeth Martin who did not stand for
reelection in order to fulfill other business commitments.
Manicouagan thanks Ms. Martin for her contributions as a Director
and is pleased to note that she will remain available to
Manicouagan as a consultant.
A copy of the presentation made at the Annual General Meeting of
Shareholders is available at www.manicouaganminerals.com.
Stock Options Granted
Pursuant to the Company's Stock Option Plan, Mr. Britt has been
granted 290,000 options. These options are exercisable into common
shares of the Company at a price of $0.10 per share. Subject to the
rules of the TSXV and the Company's Stock Option Plan, the options
have a term of five years and will expire on May 27, 2015.
Manicouagan also confirms that the previously announced stock
options granted to Mr. Andreas Curkovic an Investor Relations
consultant pursuant to a consulting agreement dated April 7, 2010
have an exercise price of $0.10 per share. (see MAM Press Release
dated April 13, 2010.)
About Manicouagan
Manicouagan Minerals Inc. is a Canadian based exploration
company focused on advancing its gold projects in the Pickle Lake
Gold Belt, Ontario. Manicouagan also has a pipeline of commodity
projects including the Brabant Lake Zinc deposit in Saskatchewan,
together with the Mouchalagane Nickel/Copper/PGE project and the
HPM/Forgues Nickel/Copper/Cobalt project, both in Quebec.
Additional information about Manicouagan and its exploration
projects can be found at www.manicouaganminerals.com.
Une traduction francaise de ce communique de presse est
disponible a www.manicouaganminerals.com.
All statements other than statements of historical fact,
included in this release, including, without limitation, statements
regarding potential mineralization and reserves, exploration
results and future plans and objectives of the Company, are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are exploration risks
detailed herein and from time to time in the filings made by the
Company with securities regulators.
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.
Contacts: Manicouagan Minerals Inc. Joseph Baylis President and
Chief Executive Officer (416) 542-3980 Manicouagan Minerals Inc.
Andreas Curkovic Investor Relations (416) 577-9927
investorrelations@manicouaganminerals.com
www.manicouaganminerals.com
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