GRAND PACARAIMA GOLD CORPORATION (GPGD.PK) APPROVES PROXY FOR REORGANIZATION, NAME CHANGE, AND APPOINTMENT OF NEW DIRECTORS
Grand Pacaraima Gold Corporation reorganizes
Grand Pacaraima Gold Corporation, a British Columbia corporation trading on the OTC pink sheets under the symbol GPGD, on May 10, 2012, held a special stockholder meeting in Teaneck, New Jersey, for the purpose of consideration of a reorganization. The proposition, which also included a corporate name change to Embassy Oil Development Corporation and the election of two new directors, was approved by stockholders representing 62% of the outstanding shares .
John E. Wasson and Robert A Jaffe were elected directors of the reorganized company. Following the proxy vote, a special meeting of the new Board of Directors who were elected by proxy was held at 10:00am, May 11, 2012, at the Grand Pacaraima Gold Corporation offices at 17304 Preston Road, Suite 800, Dallas, Texas. Mr. John E. Wasson was appointed President/CEO of Grand Pacaraima Gold Corporation and any previous officers and directors were dismissed and are no longer affiliated with the Company.
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