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GKX Gemini Corp. (delisted)

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Share Name Share Symbol Market Type
Gemini Corp. (delisted) TSXV:GKX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Gemini Announces Executive Addition and Director Resignation

02/12/2009 4:39pm

Marketwired Canada


Gemini Corporation (TSX VENTURE:GKX) is pleased to announce the appointment of
Mr. Michael Ostapiw as Vice President, Integrated Solutions.


Mr. Ostapiw is a professional engineer with more than twenty years of increasing
management responsibility. Over the past five years, he has held senior
positions within the service sector concentrating on In-situ Heavy Oil
development. This enabled him to gain extensive experience in managing
integrated teams focused upon client deliverables and schedules on larger
projects. In his previous roles, Michael has been responsible for seamlessly
combining engineering, construction and fabrication resources to drive joint
accountability for project success. His background and experience is ideally
suited to provide the direction and guidance necessary for Gemini to continue
refining its integrated solutions approach and achieve long-term growth
utilizing this service delivery model while still remaining focused on
stand-alone fabrication and construction services.


Upon hiring, Mr. Ostapiw was awarded 83,333 common shares from treasury at a
deemed price of $0.30 per share. In addition, he was granted 150,000 options to
purchase Gemini common shares at an exercise price of $0.25 per share. Under the
terms of Gemini's option plan, the options are valid for four years and vest
one-third immediately and the remainder at one-third on each of the next two
grant date anniversaries.


The Gemini Board of Directors would also like to thank Mr. Larry Shelley for his
service as a director of the Corporation. Mr. Shelley chose to resign from the
Board to assume the President and CEO role with a prominent Calgary-based
organization.


About Gemini Corporation

Gemini Corporation offers a wide range of interrelated services including
project management, engineering, fabrication, construction, and maintenance of
oil & gas and industrial facilities within Canada and internationally. The
Corporation is a leading provider of engineered solutions and field services
through either stand-alone or integrated service approaches to a broadening
client base in an array of industry sectors. The Corporation's principal target
markets are conventional oil and gas, unconventional gas, heavy oil, industrial,
and renewable energy.


Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For
more information about the Corporation and its services, go to
www.gemini-corp.ca.


Disclaimer

This news release contains forward looking information that represents Gemini's
internal projections, expectations, estimates or beliefs concerning, among other
things, future operating results and various components thereof or Gemini's
future economic performance. All statements other than the statements of
historical fact may be forward-looking statements. In some cases,
forward-looking statements can be identified by terminology such as "may",
"will", "should", "expects", "projects", "plans", "anticipates", and similar
expressions. The projections, estimates and beliefs contained in such
forward-looking statements are based on management's assumptions relating to
Gemini's performance and competition within the sectors in which it competes,
the continuation of the current regulatory and tax regimes in the jurisdictions
in which Gemini operates, and necessarily involve known and unknown risks and
uncertainties, including risks and assumptions relating to client service
demand, field service costs, labour rates, and other factors that may cause
actual performance and financial results in future periods to differ materially
from any projections of future performance or results expressed or implied by
such forward-looking statements. Accordingly, readers are cautioned that events
or circumstances could cause results to differ materially from those predicted
or suggested. The Corporation does not undertake to update any forward-looking
information in this document whether as to new information, future events or
otherwise.


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