Dunav Resources Reports Results of Annual Shareholder Meeting
LONGUEUIL, QUEBEC -- (Marketwire) -- 06/29/12 -- Dunav Resources Ltd.
(TSX VENTURE:DNV) (the "Company") is pleased to report that it held
its annual general and special meeting of shareholders (the
"Meeting") on June 28, 2012. Over 73% of the Company's issued and
outstanding shares were voted at the Meeting, and all items of
business on the agenda were approved. The size of the board was
increased from eight to nine members. The current directors were all
re-elected and Mr. Adrian Goldstone was elected as a new director of
the Company. Mr. Goldstone, who has a BSc and MSc from the University
of Auckland, is executive vice president, sustainable business
development of Dundee Precious Metals Inc., the Company's largest
shareholder. Mr. Goldstone has 20 years of experience in the minerals
sector in development and operating projects and in corporate
positions, and has been involved in mineral projects in Africa,
Russia, Europe, Asia, the Americas, Australia and New Zealand.
Subject to regulatory approval, an aggregate of 325,000 stock options
were granted to non-management directors following their election or
re-election to the board of the Company. The options are exercisable
at a price of $0.425 for period of five years from the date of grant,
and 200,000 of the options are subject to vesting in three equal
tranches over two years.
About Dunav Resources Ltd.: Dunav Resources is a mineral exploration
company focused on the acquisition, exploration and development of
mineral properties in Serbia. Additional information about the
Company is available on SEDAR at www.sedar.com and on the Company's
website at www.dunavresources.com. The common shares of Dunav trade
on the TSX Venture Exchange under the symbol DNV.
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 press
Dunav Resources Ltd.
James Crombie, President and CEO
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