Results of Annual and Special Meeting
September 29, 2009
British Columbia …. Rodinia Minerals Inc. (the “Company”) announces that at the Annual and Special Meeting of shareholders (the “Meeting”) held on September 28, 2009, Messrs. Donald Mosher, Tony Wonnacott and Bruce Ford were re-appointed directors for the ensuing year and Farhad Abasov, Rene Bharti and Stan Bharti were appointed new directors of the Company.
Farhad Abasov: Mr. Abasov has over 15 years of business management and entrepreneurial experience, most recently as Senior Vice President at Potash One, Vice President with Uranium One. He was a former member of Energy Metals management team (Energy Metals was sold to Uranium One for $1.8 billion in 2007).
Rene Bharti: Rene Bharti is currently the Vice President, Corporate Development of Avion Gold Corporation. Mr. Bharti has held roles in several public and private companies, including those in the resource, technology, and entertainment sectors. Previously, Mr. Bharti also served as Vice President of Business Development for a publicly listed resource company with gold assets in the former Soviet Union. Mr. Bharti holds a Bachelor of Commerce (Honours) degree from Queen's University.
Stan Bharti: Stan Bharti is the Chief Executive Officer of Forbes & Manhattan, Inc., a private merchant bank operating in Canada, the United States and Western Europe. From February 2002 to April 2006, he was Chairman and a director of Desert Sun Mining Corp., a Toronto Stock Exchange-listed mining company which was acquired by Yamana Gold Inc. He has over 25 years of experience in operations, public markets and finance. Mr. Bharti is also a director of several public and private companies. Over the last ten years Mr. Bharti has been involved in acquiring, restructuring and financing. He is a Professional Mining Engineer and holds a Masters Degree in Engineering from Moscow, Russia and University of London, England.
The shareholders also reappointed Manning Elliott LLP, Chartered Accountants, as the Company’s auditors and ratified and approved the Company’s 10% rolling stock option plan.
In addition, the shareholders, by special resolution approved the continuance of the Company to Ontario and, in relation thereto, the amendment of the Company’s Articles and confirmation of By-law No. 1.
Further to the Company’s news releases of May 14, 2009 and June 19, 2009, the shareholders also approved, by special resolution, the Company entering into an Assignment Agreement to acquire the Strider Lithium Project (the “Project”), on terms as more fully disclosed in the Company’s Information Circular sent out to all shareholders. Upon receipt of final TSX Venture Exchange acceptance, the Company will issue to the assignors of the Project, five million (5,000,000) units consisting of five million (5,000,000) common shares and five million (5,000,000) share purchase warrants exercisable at $0.40 for 24 months. While a number of the elected members of the Board of Directors of the Company (specifically Farhad Abasov, Stan Bharti and Tony Wonnacott) have an interest in this transaction, the Company considers this to be an arm’s length transaction as the decision of Rodinia Minerals to move forward with this transaction was made prior to the involvement and without any input or undue influence by the new members of the Board of Directors. Accordingly, any common shares held and voted by Messrs. Abasov, Bharti and Wonnacott at the Meeting (in addition to any common shares held and voted by the other assignors at the Meeting) were not eligible to vote on this particular resolution.
ON BEHALF OF THE BOARD
Rodinia Minerals Inc.
(sgd.) “Donald Mosher”, President
For further information, please contact:
Donald Mosher, President
Tel: (604) 685-6465
Fax: (604) 685-9744
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.