KIRKLAND LAKE, ON, June 17 /CNW/ - RJK Explorations Ltd (RJX.A TSXV) ("RJK") announces the results of its annual and special shareholders meeting held in Kirkland Lake, Ontario on June 16, 2008.
At the meeting, the shareholders of the corporation approved all resolutions put before them by management, including the election of directors, the appointment and remuneration of the auditor, and the adoption of the company's 2008 stock option incentive plan.
The returning board members re-elected are Dr. James Franklin, Jim Kermeen, Barry Milne, and Glenn Kasner. The company further advises that Dan Mackie, P.Eng has been elected to the board replacing Robert (Bob) Kasner, Sr. who did not let his name stand for re-election due to commitments with other companies and projects that he is currently involved with. We wish to thank Bob for his dedicated work with the company during his many years of service.
Other results of the meeting include the reappointment of the company's auditor, namely Parker Simone LLP and the approval of the corporation's 2008 stock option incentive plan. The 2008 plan was approved by the corporation's shareholders at the annual meeting.
The details in respect of the 2008 plan are summarized in the company's management information circular pertaining to the meeting which is available for public review on SEDAR. The 2008 plan is also subject to the receipt of all the required regulatory approvals.
Officers appointed by the newly constituted board of directors are as below: Glenn Kasner: President and Chief Executive Officer Barry Milne: Chief Financial Officer Diane McKean: Corporate Secretary
About Mr. Mackie:
A mechanical engineering graduate from McGill University, Mr. Mackie has more than forty years experience in the mining industry, with a growth path through Bechtel Engineers, SNC, KHD Humboldt Wedag, and Hudson Bay Mining and Smelting Company. In working for these companies, he developed a reputation for excellence in plant design and project management, culminating his corporate career as Chief Engineer of HBM&S, reporting to the president.
In his later years, he developed a consulting business, Dan Mackie & Associates, where he continued to advise, design, and manage a variety of projects, many of which involved minerals processing of precious metals, diamonds, base metals and industrial minerals. He authored a textbook on Project Management, which is used in a course today, sponsored by the Canadian Institute of Mining and Metallurgy through Infomine in Vancouver. Most significant in his management activities was his contract to Bechtel Chile as Project Manager of the pre-feasibility development and design for the $1.7 billion Collahuasi Project, which is operating today with the original concepts put forward in 1993. Recently, he concluded contracts for INCO in development of R & D projects for Voisey's Bay tailings treatment and the Clarabelle Mill Grinding Circuit.
Further to Mr. Mackie's position with the company, he has been granted, subject to regulatory approval, 100,000 stock options exercisable over a 5 year term at a price of $0.20
Forward Looking Statements: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond RJK's ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although RJK believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept the
responsibility for the adequacy or accuracy of this release.
Web Site: http://www.rjkexplorations.com