TORONTO, May 16, 2011 /PRNewswire/ -- Gammon Gold Inc.
(TSX: GAM) (NYSE: GRS), ("Gammon") announced today that it intends
to change its corporate name to AuRico Gold (pronounced
oh-REE-koh). The name change is subject to shareholder approval at
the Company's Annual and Special Meeting of Shareholders scheduled
for June 9, 2011 and is expected to
be effective on, or about, June 13,
2011.
The Company's Toronto Stock Exchange and its New York Stock
Exchange ticker symbol will change to "AUQ" to reflect the new
name, representing gold equivalent. The Company will also launch a
new website, http://www.auricogold.com and a new logo.
The AuRico Gold name combines two words representative of the
company: "Au," the atomic symbol for gold, and "rico," a Spanish
word meaning rich. The AuRico logo features the ancient alchemy
symbol for gold, which dates back over 1,000 years.
http://files.newswire.ca/258/AuRico_Gold_Logo.pdf
"Over the past three years, the new management team has
dedicated considerable effort in repositioning the Company for
success. Today we are a leading intermediate gold and silver
producer with a diversified portfolio of high quality mines and
projects, an exciting growth profile and a strong balance sheet,"
said Rene Marion, President and CEO
of Gammon Gold. "Our new name and logo reflect our renewed
commitment as we build upon our successes and enrich shareholder
value through continued operational excellence and growth.
Management is extremely enthusiastic to launch our new name as it
represents a new beginning and a new chapter in the Company's
history."
About Gammon Gold
Gammon Gold Inc. is a publicly traded mid-tier gold and silver
producer engaged in the mining, development, exploration and
acquisition of resource properties in North America. The Company owns and operates
three producing mines in Mexico,
the Ocampo mine in Chihuahua
State, the El Chanate project in Sonora State, and the El Cubo mine in Guanajuato State. Gammon Gold
also owns the Guadalupe y Calvo advanced exploration property in
Chihuahua State and the Orion Project in the State of Nayarit, and has six exploration
properties in various states throughout Mexico. Gammon's executive office is located
in Toronto, Ontario, Canada.
For further information:
For further information please visit the Gammon Gold website at
http://www.gammongold.com or contact:
Rene Marion Anne Day
President & Chief Executive Officer Director of Investor Relations
Gammon Gold Inc. Gammon Gold Inc.
+1-647-260-8880 +1-647-260-8880
(GAM. GRS)