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GQ Great Quest Fertilizer Ltd

0.05
0.00 (0.00%)
23 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Great Quest Fertilizer Ltd TSXV:GQ 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% 0.05 0.045 0.05 0 01:00:00

Great Quest Metals Ltd. Announces Results of Annual General Meeting

13/06/2011 7:55pm

Marketwired Canada


Great Quest Metals Ltd. (TSX VENTURE:GQ)(FRANKFURT:GQM) is pleased to announce
that it held its Annual General Meeting of Shareholders (AGM) in Toronto on June
10, 2011. All resolutions on the agenda were approved by the shareholders.


Notably, shareholders approved motions to expand the Board to seven, reappoint
all existing directors, and appoint Gordon R. Peeling to the Board. President
and CFO, Victor Jones commented, "It is my pleasure to welcome Mr. Gordon
Peeling to the Board of Directors (see release dated May 16, 2011). The
contribution of a mining professional of Mr. Peeling's stature will be of
tremendous benefit to management and our shareholders."


At the AGM Victor Jones reported on the Company's activities and drilling
programs in Mali. Drilling continues on both the Tilemsi Phosphate project in
eastern Mali and the Company's Sanoukou Gold project in western Mali, where hole
6 of a 16 hole core drilling program is underway. On the Tilemsi Phosphate
project, over 100 holes have now been completed on the Alfatchafa and Tin Hina
target areas.


Among other resolutions adopted at the AGM, the shareholders approved and
ratified the Company's Stock Option Plan and re-appointed MacKay LLP as auditors
for the Company for the year.


Following the AGM, the Board of Directors appointed the following officers: John
Clarke, Chairman and CEO; Victor Jones, President and CFO; Mamadou Keita, Vice
President Exploration; and Jennifer Nestoruk, Corporate Secretary. The Board
then named members of the Committees of the Board as follows: Audit - Victor
Jones, Jed Richardson, and David Shaw; Nominating and Compensation Committee -
Ehud Levy, Jed Richardson and David Shaw; and the Governance and Corporate
Social Responsibility Committee - John Clarke and Gordon Peeling.


The Board of Directors also approved the grant of stock options to Mr. Gordon
Peeling for the purchase of up to 300,000 shares of the Company's capital stock
in accordance with the Company's Stock Option Plan. The exercise price was set
at $3.30 per share, being the closing price of the Company's shares on June 10,
2011, and the options expire on June 10, 2016.


ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST METALS LTD.

John A. Clarke, Chairman

Great Quest Metals Ltd. is a Canadian mineral exploration company carrying out
exploration in Mali, West Africa. The Company is focused on developing the
Tilemsi Phosphate Project, encompassing 737 km(2) in eastern Mali. It also holds
several gold concessions in the productive Birimian gold belt in western Mali.
Great Quest is listed on TSX Venture Exchange (GQ), and the Frankfurt Stock
Exchange (GQM).


12g3-2(b) Exemption #82-3116

Standard & Poor's Listed

The statements that are not historical facts and are forward-looking statements
involving known and unknown risks and uncertainties could cause actual results
to vary materially from the targeted results.


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