Alamos Gold Inc. Announces Election of New Directors and Grant of Director and Employee Stock Options.TORONTO -- Alamos Gold Inc. (Alamos) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AGI (Artificial General Intelligence) A machine intelligence that resembles that of a human being. Considered impossible by many, most artificial intelligence (AI) research, projects and products deal with specific applications such as industrial robots, playing chess, ) announces that at its Annual and Special Meeting held last Tuesday, May 24th, 2005 shareholders elected two new independent directors, Mr. Brian W. Penny and Mr. Mark Wayne. Mr. Penny is Vice-President Finance and Chief Financial Officer of Silver Bear Resources Inc. Mr. Penny is a Certified Management Accountant  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. with approximately twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. experience in the mining industry, most recently as Vice-President Finance and Chief Financial Officer of a major international mining company. Mr. Wayne is Vice President of McFarlane Gordon Inc. and Chief Financial Officer of QGX Ltd.Mr. Wayne has a law degree and is a Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. . He practiced law from 1980 - 1987, specializing in the fields of corporate and securities law. In 1987 he founded AltaFund Investment Corp.; in 1991 AltaFund joined the Altamira group of mutual funds and Mr. Wayne subsequently became Vice-President, Western Canada for Altamira until November 1998. Alamos values the skills and expertise that both Mr. Penny and Mr. Wayne bring to their new roles on the Board of Directors and as members of the Audit Committee. Alamos has granted incentive stock options to its directors and 19 employees and officers to purchase up to a total of 1,325,000 common shares in the capital of Alamos at a price of Cdn.$3.73 per share. The options granted to directors and senior officers are exercisable for a five-year period, and options granted to employees are exercisable for a three-year period. Alamos' common shares are traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "AGI" and convertible debentures under the symbol "AGI.DB". Safe Harbor Statement under the United States Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995: Statement in this release that are forward-looking, including statements relating to the future recovery of the Mulatos Project, are subject to various risks and uncertainties concerning the specific factors identified about in the Company's periodic filings with the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and the U. S. Securities Exchange Commission.Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Alamos Gold Inc. (TSX:AGI) |
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