Saturday 30 June 2012

Gold Oil: Result of AGM and Suspension of Trading

At the Annual General Meeting of the Company held today, John Bell (Chairman), Ian Reid (Exploration Director) and John Charlton and Guy Cowan (Non-executive Directors) were not re-appointed to the Board.

Two further proposed directors, Rudolph Berends and Camilo Merendoni, were not appointed as directors at the AGM.

Resolutions 8 and 9 were not put to the meeting.

Following the meeting, the Gold Oil board consists of Julian Garcia as the sole executive director. This is not considered appropriate for the Company's current needs as a company admitted to trading on a UK public market. Accordingly, at the request of the Company, trading in the ordinary shares in the capital of the Company has been suspended on the AIM Market of the LondonStock Exchange pending the appointment of additional board members.

Further announcements will be made in due course.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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Source: http://feeds.oilvoice.com/~r/OilvoiceHeadlines/~3/3VwSz6IspJo/6d327a0fefd6.aspx

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