SOURCE: Gemini Explorations, Inc.

September 18, 2009 12:37 ET

Gemini Explorations Inc. Recommends Security Holders Vote FOR the Proposed Amendments to Articles

CALGARY, AB--(Marketwire - September 18, 2009) - Gemini Explorations, Inc. ("Gemini") (OTCBB: GMXS) Gemini has scheduled a special meeting for shareholders to be held on September 21, 2009 as announced and filed in the Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 on August 20, 2009. The two amendments to articles are an increase in authorized share capital and the authorization of creation of preferred stock, issuable in series, for which the Board of Directors may fix and determine the designations, rights, preferences or other variations of each class or series within each class of preferred stock.

The company needs to do this in order to facilitate future financing activities and without shareholder approval FOR the amendments, Gemini will not be able to raise additional capital at this time. As of Thursday, September 17, 2009 Gemini does NOT have the required number of votes to pass these amendments with only 18% of shareholders submitting their proxy cards.

The board of directors urge shareholders to vote their proxy FOR the Proposals today by signing, dating and returning their proxies. The proxy card can be faxed to Gemini's transfer agent Transfer Online, Inc at 503-227-6874 attn: Jen or by email to proxy@transferonline.com.

To vote by internet go online and cast your ballot electronically, in accordance with the following instructions:

1.   Go to www.transferonline.com/proxy
2.   Enter your Proxy ID and Authorization Code
3.   Press Continue
4.   Make your selections
5.   Press Vote Now

The deadline for submitting the proxy card will be 9am PST, September 21, 2009.

Proxy statement is available online at www.transferonline.com/gemini

PLEASE NOTE: Stockholders who do not hold their common stock in their own name (referred to as "Beneficial Stockholders") should note that only proxies deposited by stockholders whose names appear on the records of our company as the registered holders of the common stock can be recognized and acted upon at the Meeting. If common stocks are listed in an account statement provided to a stockholder by a broker, then in almost all cases those common stocks will not be registered in the stockholder's name on the records of our company.

Such common stocks will more likely be registered under the names of the stockholder's broker or an agent of that broker.

Applicable regulatory policy requires intermediaries and brokers to seek voting instructions from Beneficial Stockholders in advance of stockholders' meetings. Every intermediary and broker has its own mailing procedures and provides its own return instructions to clients, which should be carefully followed by Beneficial Stockholders in order to ensure that their common stocks are voted at the Meeting. The form of proxy supplied to a Beneficial Stockholder by its broker (or the agent of the broker) is similar to the proxy card provided to registered stockholders by our company. However, its purpose is limited to instructing the registered stockholder (the broker or agent of the broker) how to vote on behalf of the Beneficial Stockholder.

A Beneficial Stockholder receiving an intermediary proxy cannot use that proxy to vote their common stocks directly at the Meeting -- the proxy must be returned to the intermediary well in advance of the Meeting in order to have their common stocks voted at the Meeting.

Notice Regarding Safe Harbor for Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of the company may include forward-looking statements that reflect the company's current views with respect to future events and financial performance. All statements other than statements of historical facts included in this release are forward-looking statements. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will," "plan," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements. We believe that these factors include but are not limited to ineffectiveness or obsolescence of our business strategy due to changes in current or future market conditions; increased competition on the basis of pricing, capacity, coverage terms or other factors; greater frequency or severity of claims and loss activity, including as a result of natural or man-made catastrophic events, than our underwriting, reserving or investment practices anticipate based on historical experience or industry data; the effects of acts of terrorism or war; developments in the world's financial and capital markets that adversely affect the performance of our investments; changes in regulations or laws applicable to us, our subsidiaries, brokers or customers; acceptance of our products and services, including new products and services; changes in the availability, cost or quality of reinsurance and failure of our reinsurers to pay claims timely or at all; decreased demand for our insurance or reinsurance products; loss of the services of any of our executive officers or other key personnel; the effects of mergers, acquisitions and divestitures; changes in rating agency policies or practices; changes in legal theories of liability under our insurance policies; changes in accounting policies or practices; and changes in general economic conditions, including inflation and other factors. Forward-looking statements speak only as of the date on which they are made, and the company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Contact Information

  • Michael Hill
    President & CEO
    Gemini Explorations, Inc.
    Suite 103, 240-11th Ave SW
    Calgary, AB T2R 0C3
    1-877-331-8777
    Email: info@evianir.com