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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 Corporation Appoints New Director

27/10/2010 4:44pm

Marketwired Canada


Gemini Corporation (TSX VENTURE:GKX) is pleased to announce that Mr. Terry Gomke
has been appointed to the Board of Directors of the Corporation. Mr Gomke is a
retired oil and gas industry executive with more than 38 years of experience. He
has held increasingly senior positions over the course of his career, primarily
in the service sector, with the past 14 years spent as President and CEO of
Gibson Energy Ltd.


Mr. Gomke's background and experience will benefit the Corporation with respect
to its growth strategy and the initiatives underway to further penetrate the
energy sector. The strength of his leadership earned him a place on the list of
"Alberta's 50 Most Influential People". Terry brings extensive Board experience
and his previous appointment as the chair of the Alberta Economic Development
Authority adds increased depth and perspective to the Gemini Board of Directors.
Terry is widely recognized for his business background and his insights into the
energy sector will benefit management as the Corporation positions for
expansion. 


"I am pleased we have been able to attract someone of Terry's stature and
background" stated Doug Lautermilch, Gemini's President and CEO. "It's a
testament to the strength of our reputation and supports our belief in Gemini's
strategy for the future."


In accordance with the Corporation's option plan, Mr. Gomke has been awarded
100,000 share purchase options at an exercise price of $0.23 per share, which
was the closing market price on September 29, 2010. 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.


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 field solutions and engineered solutions
through either standalone or integrated service approaches to a broadening
client base in the energy and industrial sectors. The Corporation's principal
target markets are conventional and unconventional oil and gas, in-situ heavy
oil, heavy industrial, power, 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.geminicorp.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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