Greenock Resources Inc.

Greenock Resources Inc.

July 29, 2011 12:29 ET

Greenock Resources: Annual and Special Meeting Results

TORONTO, ONTARIO--(Marketwire - July 29, 2011) - Greenock Resources Inc. (TSX VENTURE:GKR) ("Greenock") announces all approvals for a shares for debt conversion of $178,341 including a disinterested shareholder vote at the July 28, 2011 Annual and Special Meeting have been completed. The shares for debt conversion will result in 1,783,410 common shares being issued at a price of $0.10 per share.

There are 29,456,060 common shares of Greenock outstanding. With the final completion of the shares for debt treasury issue there will 31,239,470 common shares of Greenock outstanding.

At the Annual and Special meeting, Michael Newbury, James Hershaw, Maurice Stekel, John Cerenzia, David Ashworth, William Potter and Horst Helbig were approved as Directors. Michael Newbury will continue as CEO and President. James Hershaw will continue as CFO and Vice President.


Greenock Resources Inc. (formerly Simberi Mining Corporation) is a Canadian based international mineral development company that manages a portfolio of natural resource properties in Africa, Nevada and Australia.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Michael Newbury, P.Eng., is the qualified person who has reviewed this material on behalf of the Company. All dollar amounts are noted in Canadian dollars unless otherwise stated in this release.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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