Grandview Gold Inc. Announces the Appointment of Mr. Carmello Marrelli as CFO and the extension of the expiry date of certain outstanding common share purchase warrants
December 8, 2011 - Toronto, Ontario - Grandview Gold Inc. (TSX Symbol: GVX, OTC-BB Symbol: GVGDF) ("Grandview" or the "Company") is pleased to report the appointment of Mr. Carmello Marrelli, B.Com, CA, CGA, to the position of Chief Financial Officer of Grandview Gold Inc.
"We are very pleased to formalize our relationship with
Carmello and welcome him to our management team," says
Grandview President and CEO Paul Sarjeant. "Carmello has been
providing accounting and bookkeeping services to the Company
for some time now, so he brings with him considerable
Grandview experience and knowledge."
The Company wishes to thank outgoing CFO, Mr. Ernest M.
Cleave for his years of excellent and committed service to
Grandview. Mr. Cleave is also the Vice President and CFO of
Cline Mining Corporation, an in-production coal mining
company that requires his full-time commitment.
Mr. Carmello Marrelli holds a Bachelor of Commerce degree
from the University of Toronto and is a qualified
Chartered Accountant and Certified General Accountant. Mr.
Marrelli is currently President of Marrelli Support
Services, a bookkeeping firm based in Toronto, Ontario.
Grandview is also pleased to announce that it has extended
the term of the 26,666,665 warrants issued by the
Company on December 3, 2009 (the "Warrants"). The Warrants,
which were scheduled to expire on December 3,
2011, will now expire on December 3, 2012. As a number of the
Warrants are held by insiders of the Company, final approval
of the Toronto Stock Exchange for the extension of the
Warrants was contingent upon receipt by the Company of the
approval of "disinterested" shareholders. The Company
received such "disinterested" shareholder approval at its
annual and special meeting which was held on November 28,
2011,
The Warrants were issued as part of a private placement of
the Company's that was completed on December 3, 2009.
For further information on the original issuance of the
Warrants, please refer to the press release of the Company
dated December 8, 2009 filed on SEDAR.
Warrantholders are advised that replacement Warrant
certificates will not be issued and that the original Warrant
certificates must be presented to the Company, as warrant
agent, in order to effect the exercise or transfer of such
Warrants.
Grandview is a gold exploration company focused on creating
value for shareholders by balancing sustainable small- scale
mine development and gold production, with traditional major
gold camp exploration. Details of Grandview's projects are
available on the Company's website.
For further information, please contact Paul Sarjeant at
416.486.3444 or visit www.grandviewgold.com.
This document may contain forward looking statements,
relating to the Company's operations or the environment in
which it operates, which are based on Grandview Gold Inc's
operations, estimates, forecasts and projections. These
statements are not guarantees of future performance and
involve risks and uncertainties that are difficult to
predict, and/or beyond Grandview Gold Inc's control. A number
of important factors could cause actual outcomes and results
to differ materially from those expressed in these
forward-looking statements. Consequently, readers should not
place undue reliance on such forward-looking statements.
Grandview Gold Inc. disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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Grandview Gold Inc. Announces the Appointment of Mr. Carmello Marrelli as CFO, and the extension of the expiry date of certain outstanding common share purchase warrants |