Gem International Announces Results of Annual and Special Meeting of Shareholders
Gem International Announces Results of Annual and Special Meeting of
Shareholders
VANCOUVER, British Columbia, Feb. 12, 2018 -- Gem International Resources Inc. (“ Gem International ” or the
“Company”) (TSXV:GI) is pleased to announce the results of its Annual & Special Meeting of Shareholders (the “ Meeting ”)
held on February 9, 2018.
Results of the Meeting
New Board of Directors and Officer Appointment
At the Meeting, shareholders elected John W. Barr, Michael Ballanger and John Campbell Smyth to serve as the board of
directors (the “Board”) of Gem International and to take office immediately following the Meeting. The Board has appointed
John W. Barr as the interim Chief Executive Officer to replace Denis Hayes. The Board would like to thank Simon Tam, Denis
Hayes, Craig Walker, and Eric Schjelderup for acting as directors of the Company.
John W. Barr – Chief Executive Officer and Chairman
Mr. Barr is the founder Mosman Oil & Gas Limited, a company based in Perth, Western Australia. Mr. Barr is a Chartered
Accountant and Fellow of the Australian Institute of Company Directors and has acted as director of listed and unlisted
companies for over twenty-five years. He has specialized in the management of companies including advice on capital
raisings, mergers and acquisitions, negotiating onshore and offshore acquisitions and joint ventures, negotiating commodity-
based funding, and compliance with corporate and stock exchange requirements.
Mr. Barr has worked extensively in starting up and building resource businesses, historically in mining. Prior to founding
Mosman Oil & Gas Limited, he was Chairman of TNG Limited and, previously, Thor Mining PLC as well as several Australian
listed companies including Sherwin Iron Limited (formerly Batavia Mining Limited). John was one of the founding directors of
Aquarius Platinum Ltd and negotiated various transactions on behalf of Aquarius (including the Penny West high-grade gold
deposit and the Awak Mas project in Indonesia).
Michael John Ballanger - Director
Mr. Ballanger is a graduate of Saint Louis University where he earned a Bachelor of Science in finance and a Bachelor of Arts
in marketing before completing post-graduate work at the Wharton School of Finance. Mr. Ballanger has more than 30 years of
experience as a junior mining and exploration specialist, as well as a solid background in corporate finance. Mr. Ballanger
started his career at Mcleod Yonge Weir Ltd. Investment Dealers before moving onto new opportunities with Canaccord Capital
Investment Dealers, and Richardson GMP Limited Investment Dealers. Mr. Ballanger now works for Bonaventure Explorations
Limited/Bonaventure Capital Corp. Financial Consulting. Mr. Ballanger’s years of experience have made him an industry
veteran in mining and resource development.
John Campbell Smyth - Director
Mr. Smyth is an investor based in Perth, Australia specializing in resource development and venture capital. Mr. Smyth
obtained a Bachelor’s Degree in commerce as his primary education. Following a career as a resources portfolio manager in
London with Lion Resource Management, he relocated to Australia to set up Clariden Capital, which focuses on development
capital companies on the ASX and TSX. He assisted in managing the Phoenix Gold Fund, based in Kuala Lumpur, Malaysia,
from 2007 to 2014, and remains active in the resources and healthcare sectors.
Appointment of Auditor
Shareholders voted in favour of reappointing Sam S. Mah Inc., Chartered Accountants, of Vancouver, British Columbia as
auditors of the Company for the ensuing year and authorized the Board to fix their remuneration.
Stock Option Plan
Shareholders voted not to re-approve the Company’s 10% rolling stock option plan.
For further information, please contact:
John W. Barr
Interim Chief Executive Officer
T: +61 (0) 400 322 828
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.
Caution concerning forward-looking statements: The information in this release may contain forward-looking information under
applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other
factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that
may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and
development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties,
changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic
conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to
place undue reliance on this forward-looking information. Gem International does not assume the obligation to revise or update
his forward-looking information after the date of this release or to revise such information to reflect the occurrence of future
unanticipated events except as may be required under applicable securities laws.
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