Gemini Corporation
TSX VENTURE : GKX

Gemini Corporation

June 03, 2009 19:24 ET

Gemini CEO Increases Shareholdings

CALGARY, ALBERTA--(Marketwire - June 3, 2009) - Gemini Corporation ("Gemini") (TSX VENTURE:GKX)

On May 27, 2009, Mr. Carl Johnson, President and CEO of Gemini, acquired ownership and control of an aggregate of 4,947,610 common shares in the capital of Gemini ("Common Shares"), representing approximately 14.3% of the issued and outstanding Common Shares pursuant to the exercise of options to acquire Common Shares at an exercise price of $0.25 per Common Share. As a result of the transaction, Mr. Johnson now owns and controls an aggregate of 8,636,174 Common Shares, or 24.9% of the outstanding Common Shares.

Mr. Johnson acquired the additional Common Shares for investment and strategic purposes. He may in the future take such actions in respect of his shareholdings in Gemini as he may deem appropriate in light of the circumstances then existing, including the purchase of additional Common Shares or other securities in the capital of Gemini through open-market purchases or privately negotiated transactions, or the sale of all or a portion of his holdings in the open market or in privately negotiated transactions to one or more purchasers, in each case in accordance with applicable securities laws.

Mr. Johnson has filed an Early Warning Report with the applicable securities regulators in connection with this increase in ownership of Common Shares, and a copy of such report is available at www.sedar.com.

About Gemini Corporation

Gemini Corporation offers a wide range of interrelated services including project management, engineering, fabrication, construction, and maintenance of oil & gas and industrial facilities within Canada and internationally. The Corporation is a leading provider of engineered solutions and field services through either stand-alone or integrated service approaches to a broadening client base in the energy, environmental and industrial sectors. The Corporation's principal target markets are conventional oil and gas, unconventional gas, heavy oil, industrial, and renewable energy.

Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For more information about the Corporation and its services, go to www.geminicorp.ab.ca.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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