TORONTO,
May 16 /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, 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 René 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.
SOURCE GAMMON GOLD INC.
