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Post by Franko10 ™ on Jan 31, 2005 14:49:13 GMT -5
Management's Nominees Re-Elected to Kensington's Annual General Meeting
VICTORIA, British Columbia--(BUSINESS WIRE)--June 11, 2004
Kensington Resources Ltd. (TSX VENTURE:KRT) (the "Company") reports that all of management's nominees were re-elected to the board of directors at the Company's annual general meeting today. At the board meeting following the annual general meeting, Robert A. McCallum was reappointed President for the ensuing year.
Commenting on his re-appointment, Mr. McCallum stated, "I believe that Kensington has enormous upside potential and the Company's shares are extremely undervalued. Working in concert with shareholders, our Board and our Joint Venture partners, I believe I have the opportunity, the resources and the experience to make a difference."
In addition to discussing his reasons for joining the Company, Mr. McCallum discussed his immediate priorities which include preparing for the Fort a la Corne Joint Venture Meeting scheduled for June 16, 2004. The PowerPoint presentation from the annual general meeting will be posted on the Company website shortly.
Annual General Meeting
All of the current directors of the Company standing for re-election were elected by the shareholders at the annual general meeting. They include: Robert A. McCallum, David H. Stone, Murray Tildesley, Tony Pezzotti and James R. Rothwell. Mr. William E. Zimmerman did not stand for re-election to the board due to other commitments. "The Company wishes to express their appreciation for the efforts and contributions made by Mr. Zimmerman during his service as a Director of the Company from 2001 to 2004 and extend their best wishes to Mr. Zimmerman for the future, including his continued involvement with the Company as a member of the Technical Committee," stated Mr. McCallum.
Following the annual general meeting, Mr. McCallum introduced Brent Jellicoe, Chief Geologist of the Company, who reviewed the exploration highlights of the 2003/2004 program.
Joint Venture Meeting
The Fort a la Corne Joint Venture Meeting will be held in Saskatoon, Saskatchewan on June 16, 2004 at which time the partners will be discussing a new strategy for the coming year. Details of the forward program will be announced as soon as it has been finalized and approved by the joint venture partners.
The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.25%), De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (5.5%) and UEM Inc. (carried 10%). The 71+ kimberlite bodies of the Fort a la Corne Field form one of the largest diamondiferous clusters in the world.
ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD.
Robert A. McCallum, President
TRADING SYMBOL: KRT-TSX.V
FORM 20-F FILE #0-24980
LISTED IN STANDARD & POOR'S
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
COPYRIGHT 2004 Business Wire
COPYRIGHT 2004 Gale Group
VICTORIA, British Columbia--(BUSINESS WIRE)--June 11, 2004
Kensington Resources Ltd. (TSX VENTURE:KRT) (the "Company") reports that all of management's nominees were re-elected to the board of directors at the Company's annual general meeting today. At the board meeting following the annual general meeting, Robert A. McCallum was reappointed President for the ensuing year.
Commenting on his re-appointment, Mr. McCallum stated, "I believe that Kensington has enormous upside potential and the Company's shares are extremely undervalued. Working in concert with shareholders, our Board and our Joint Venture partners, I believe I have the opportunity, the resources and the experience to make a difference."
In addition to discussing his reasons for joining the Company, Mr. McCallum discussed his immediate priorities which include preparing for the Fort a la Corne Joint Venture Meeting scheduled for June 16, 2004. The PowerPoint presentation from the annual general meeting will be posted on the Company website shortly.
Annual General Meeting
All of the current directors of the Company standing for re-election were elected by the shareholders at the annual general meeting. They include: Robert A. McCallum, David H. Stone, Murray Tildesley, Tony Pezzotti and James R. Rothwell. Mr. William E. Zimmerman did not stand for re-election to the board due to other commitments. "The Company wishes to express their appreciation for the efforts and contributions made by Mr. Zimmerman during his service as a Director of the Company from 2001 to 2004 and extend their best wishes to Mr. Zimmerman for the future, including his continued involvement with the Company as a member of the Technical Committee," stated Mr. McCallum.
Following the annual general meeting, Mr. McCallum introduced Brent Jellicoe, Chief Geologist of the Company, who reviewed the exploration highlights of the 2003/2004 program.
Joint Venture Meeting
The Fort a la Corne Joint Venture Meeting will be held in Saskatoon, Saskatchewan on June 16, 2004 at which time the partners will be discussing a new strategy for the coming year. Details of the forward program will be announced as soon as it has been finalized and approved by the joint venture partners.
The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.25%), De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (5.5%) and UEM Inc. (carried 10%). The 71+ kimberlite bodies of the Fort a la Corne Field form one of the largest diamondiferous clusters in the world.
ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD.
Robert A. McCallum, President
TRADING SYMBOL: KRT-TSX.V
FORM 20-F FILE #0-24980
LISTED IN STANDARD & POOR'S
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
COPYRIGHT 2004 Business Wire
COPYRIGHT 2004 Gale Group
