WGI Heavy Minerals Announces 2009 AGM Results

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[{"type":"text","content":"\n\n\n\nCOEUR D'ALENE, ID, June 11 /CNW/ - WGI Heavy Minerals, Incorporated\n("WGI") (TSX: WG) today announced that the Company's nominees to the Board of\nDirectors received overwhelming support at the Annual General Meeting ("AGM")\nheld in Vancouver.\n\n\nApproximately 65% of WGI's outstanding shares voted at the Annual General\nMeeting of shareholder's held on June 5, 2009. Total votes for the Company's\nnominees were 15.5 million representing 99% of the shares voted.\n\n\nAs a result of the shareholder vote, the Company's Board of Directors\nconsists of Gordon Fear, Chairman, Robert Ackerman, Michael Burns and Gregory\nEmerson, CEO. Shareholders also established the number of directors at four.\n\n\n"We are pleased with the results of the AGM and are encouraged by the\nfuture prospects of WGI", said Greg Emerson, President and CEO. Our mine at\nEmerald Creek Garnet ("ECG") is operating with a new mining method introduced\nby ECG's General Manager, David Thom, that allows the ECG to process the run\nof mine material directly in the field. This improves efficiency through\nreduced material handling, equipment and labour requirements, resulting in\nlower operating costs. In addition, ECG is moving forward on its 2009\nexploration and reclamation plans".\n\n\nKominex, WGI's European subsidiary under the management of Edmond Wiesel\ncontinues to meet expectations and is looking at opportunities to bring its\nbest practices to North America.\n\n\nWGI's International marketing arm based in Coeur d'Alene, ID under the\ndirection of William Meyerholtz, continues to expand sales as VV Minerals\n("VVM") increases production from their recently acquired interest in\nTransworld Garnet India Pvt. Limited mines. In the short term, the VVM\ndistribution agreement will secure the supply of garnet for our global\ndistribution network, including Kominex and our waterjet business, adding at\nleast 50% to existing volumes of garnet. Longer term, the distribution\nagreement offers the opportunity for WGI to become a distribution leader in\nits category. It also offers the opportunity for WGI to enter the titanium and\nrelated minerals distribution business from a position where it has a\nreasonably assured and lower-cost supply base. Just recently, WGI brokered the\nsale of 15,000 MT of ilme...

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