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Trading Symbol: ADA:TSX; C2Z-Frankfurt |
News Release No. 12-10 |
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Shares Outstanding: 492,338,675 |
June 25, 2010 |
ACADIAN MINING ANNOUNCES HIGHLIGHTS OF AGM, APPOINTMENT OF NEW DIRECTOR AND GRANT OF OPTIONS
Acadian Mining Corporation (TSX: ADA) ("Acadian" or the "Corporation") is pleased to announce that at the Annual and Special Meeting held on June 24, 2010 ("AGM"), the shareholders re-appointed the directors, namely Jascha Boge, Peter Lee, Allan Trench, Menachem Vorchheimer and Glenn Williams to hold office until their successors are duly elected or appointed. Smythe Ratcliffe, LLP of Vancouver, British Columbia was appointed as auditor of the Corporation until the next annual meeting of shareholders or until its successor is duly appointed.
Following the AGM, the board of directors met and added a new member to the board - Grant Ewing, who was appointed President and Chief Executive Officer of the Corporation on June 24, 2010. Mr. Ewing was granted 5,000,000 stock options exercisable for common shares of the Corporation at an exercise price of $4.5 cents per share until June 24, 2015. The options vest 1/3 immediately, 1/3 in 12 months and 1/3 in 24 months.
Management�s Opinion
Allan Trench, Chairman, stated: "We are delighted that Grant has agreed to join the board and look forward to his contributions. His considerable practical experience and strong technical background will be very helpful to Acadian�s future development. "
About the Corporation
Acadian is a Halifax, Nova Scotia, Canada based company with five advanced gold projects, all of which host National Instrument 43-101 compliant resources. The Corporation also owns a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia, which is currently on care and maintenance. Acadian is actively exploring and developing its gold, zinc-lead, and barite properties in Atlantic Canada.
Additional Information
For additional information on Acadian�s properties and activities, please visit our web site at www.acadianmining.com.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Paul K. Smith, VP Field Operations, Compliance, Permitting
(902) 444-7779 Toll Free: 877-444-7774
mail@acadianmining.com
Halifax, Nova Scotia
No regulatory authority has approved or disapproved the contents of this release.