Diamond Frank Exploration Inc.

Diamond Frank Exploration Inc.

April 07, 2011 15:39 ET

Diamond Frank Shareholders Approve Resolutions at the 2011 Annual Meeting

LAVAL, QUÉBEC--(Marketwire - April 7, 2011) - Diamond Frank Exploration Inc. (TSX VENTURE:DOD) announces that during the annual meeting held on April 6th, 2011, all the propositions contained in the circular of information were approved: 

  1. Directors 

Election of Directors proposed by the management:

  • Mr. David Mc Donald President, CEO and Director

  • Ms. Francine Rivard Secretary, CFO and Director

  • Ms. Fanny Tortiget Independent Director

  • Mr. Pascal Ducharme Independent Director

  1. Auditor

Election of Raymond Chabot Grant Thornton as auditor of the Company

  1. Stock option plan

Approval of the amendment to the stock option plan

Acquisition of a new property

Diamond Frank Exploration Inc. has concluded an option agreement to acquire 100% of the Commandant Property. The property is located near Val d'Or in Abitibi and consists of 64 mining claims (3,717 hectares).

The terms of this agreement are:

  • Issue 300,000 common shares of its share capital;

* This agreement is subject to the approval of the regulatory authorities.

Granting of option

The Board of Directors has approved on April 6, 2011, the grant of 1,255,000 options to its directors and consultants.

The exercise price has been established at $0.145 per share with an expiry date of April 6th, 2021.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the US. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those in these "forward-looking statements". The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Diamond Frank Exploration Inc.
    David Mc Donald
    President and CEO
    450-622-4337 (FAX)