TRADING SYMBOLS:
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TSX Venture Exchange: TSXV-MHI
Frankfurt Stock Exchange: N8Z
Berlin-Bremen Stock Exchange: AODLHP
VANCOUVER, July 13 /CNW/ - The Company wishes to advise that it held its Annual General Meeting on June 27, 2007 (the "Meeting") at which time Dieter Peter, Grant Hendrickson, Andrew H. von Kursell, Peter D. Lewis, Hugh Maddin, Patrick H. Pettman, Hans Schwabl and James Stypula were elected to the Company's board of directors.
The Company is pleased to welcome Dr. Peter D. Lewis to the Board. Dr. Lewis is a well recognized consulting structural geologist in mineral exploration and has a very impressive experience in structural analysis and the interpretation of structural control on mineral deposits. He has a Ph.D and M.Sc. in Geological Sciences, University of British Columbia, Vancouver, B.C. Dr. Lewis was a Lecturer at the University of British Columbia is the author of many publications and has consulted major mining companies on worldwide basis. Besides providing consulting services, he has also presented courses in geological mapping and structural analysis in mineral exploration for Barrick Gold Corporation, Teck-Cominco Exploration Ltd., and various other organizations.
Due to his personal commitments, Dr. Lewis will relinquish his position as the Company's Senior Vice President and Chief Geologist. He will, however, continue to serve the Company as a director and a consultant and as a committee member on the Exploration Committee and the Environment & Safety Committee.
The following persons were appointed as officers: Dieter Peter - Chief Executive Officer and President, Peter Kohl as interim Chief Financial Officer and Josephine See as Vice President of Corporate Affairs, Treasurer & Corporate Secretary.
The Company's shareholders passed the resolution approving the Company's amendment to the stock option plan for the purchase of up to 2,486,739 options. The disinterested shareholders also passed a resolution to approve a limit of 20% on grants to insiders under the Stock Option Plan. The Company's shareholders also passed the resolution approving a Shareholder Rights Plan (the "Rights Plan"). The Rights Plan is to ensure that all shareholders of the Company are treated equally and fairly in connection with any take-over bid or similar offer for all or a portion of the outstanding shares of the Company.
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responsibility for the adequacy or accuracy of this news release.