Business
Odyssey Announces Additions to Board of Directors
Odyssey Announces Additions to Board of Directors.
About this update from Odyssey Resources Limited
[{"type":"text","content":"\n\n\n\nTORONTO, June 20 /CNW/ - Odyssey Resources (ODX-TSX-V) ("Odyssey" or "the\nCompany") announced today that, as approved at the Company's Annual and\nSpecial Meeting of Shareholders (the "Meeting") held on June 13, 2007, it has\nappointed two new directors: George Mihaleto and Don Nicholson. Mssrs. Avrom\nE. Howard, Jonathan Goodman, Stephen Coates, Mohamed Mekouar, and David Shaw\nhave all been re-elected to the Board of Directors.\n\n\nMr. Mihaleto has served as a consultant to various commodity-related\nenterprises and junior resource companies until his appointment as President\nand Chief Executive Officer of Odyssey in February 2007 and now to the Board.\nMr. Nicholson joins the Board as an independent director. Mr. Nicholson has\nserved as Executive Chairman, Pan Pacific Aggregates plc since 2004 and as a\nmanagement consultant to various companies since 1990.\n\n\nThe Company also announced that shareholders approved the Company's\noption plan at the Meeting. The plan authorizes the Company to issue 1,500,000\nshare options at an exercise price of $0.12 per share, based on the closing\nprice of Odyssey shares on June 12, 2007.\n\n\nAbout Odyssey Resources\n\n\nOdyssey Resources Limited is a Canadian-based junior mining company\ndedicated to becoming Morocco's preeminent metal mining company. Odyssey is\ndeveloping the Alous copper-silver deposit in the heart of a large and\nunder-explored copper-silver belt in Morocco, a country that hosts several\nworld class mineral deposits. The Company is simultaneously pursuing\nadditional opportunities across the country spanning several metal commodities\nincluding gold, silver, copper, lead, zinc and uranium.\n\n\nOdyssey Resources Limited's 86.8 million shares trade on the TSX Venture\nExchange under the symbol "ODX". As of the date of this release, shares of\nOdyssey Resources Limited have been trading at a 52 week high and low of\n$0.245 and $0.105, respectively. For more information, please refer to the\nCompany's website www.odysseyresources.com\n\n\nForward-Looking Statements:\n\n\nThe statements made in this Press Release may contain forward-looking\nstatements that may involve a number of risks and uncertainties. Actual events\nor results could differ materially from the Company's expectations and\nprojections.\n\n\nThe TSX Ven...