Goldstone Resources Inc.

Goldstone Resources Inc.

August 24, 2010 09:57 ET

Goldstone Receives Meeting Requisition from Shareholder

TORONTO, ONTARIO--(Marketwire - Aug. 24, 2010) - Goldstone Resources Inc. (the "Company") (TSX:RC)(PINK SHEETS:GRSZF) announces that its board of directors (the "Board") has received a requisition for a shareholders meeting from Philip Cunningham, in his capacity as a shareholder of the Company, pursuant to Section 105(1) of the Business Corporations Act (Ontario). Mr. Cunningham is also a director of the Company. The meeting has been requisitioned for the purpose of removing Mr. Gary Conn and Mr. Alan Ferry, current directors of the Company, from the Company's Board and electing Mr. Morris Prychidny and Mr. Paul F. Little to fill the vacancies. The Board intends to make a further announcement as soon as possible once it completes its review of the requisition.

About Goldstone:

Formed by a late 2009 merger of Ontex Resources and Roxmark Mines, Goldstone is a well funded gold exploration and development company operating in the historically significant Geraldton-Beardmore area of Northwestern Ontario and focused on gold exploration and deposit delineation at its Brookbank, Northern Empire, Leitch-Sand River and Key Lake gold properties in the Geraldton-Beardmore Camp.

Contact Information

  • Goldstone Resources Inc.
    J. Patrick Sheridan, Jr.
    President & Chief Executive Officer
    (416) 864-6332
    (416) 628-5935 (FAX)