CALGARY, May 29, 2015 /CNW/ - Gemini Corporation
(GKX-TSXV) is pleased to announce that Mr. Terry Martin will be joining the organization as
Chief Operating Officer, effective June 22,
2015. In addition, the Corporation wishes to congratulate
Mr. Roger Harripersad on his
promotion to Vice President, Human Resources.
Mr. Martin is an experienced energy industry executive with
approximately 15 years of experience in the western Canadian oil
and gas sector. His most recent position was with Lauren Engineers
and Constructors as Chief Operating Officer and prior to that he
was with CH2M Hill Energy Canada and Suncor Energy Inc. in
progressively senior positions dating back to 2001. He emigrated to
Canada from South Africa after developing his engineering
and construction skills for the first ten years of his career. His
background in Engineering, Procurement and Construction project
delivery will be extremely beneficial in further advancing Gemini's
Design-Build capabilities.
Mr. Harripersad joined Gemini in November, 2013 as Director,
Human Resources. He has been instrumental in leading the
Corporation's initiatives to enhance human resource practices. As
an employer of over 650 personnel, Gemini has set an objective of
becoming an employer of choice within the Canadian oil and gas
market. Mr. Harripersad and his team will be crucial in achieving
this goal as the Corporation continues to grow.
Finally, it is with regret that we announce the resignation of
Mr. Michael Boyles, Gemini's Vice
President, Business Development, effective June 5, 2015. Mr. Boyles joined Gemini in
January, 2012 and he has been very successful in transitioning the
Corporation toward a well-defined client relationship approach for
the delivery of project services. He has been a valued member of
the executive team for both business development and strategic
initiatives. He established and trained a solid business
development team that will continue to grow the business in the
future. We wish Mr. Boyles success in his exciting new opportunity
and thank him for his service to Gemini.
"I am pleased to welcome Terry and Roger to our executive team"
commented Doug Lautermilch, Gemini's
President and CEO. "Their expertise and guidance will be beneficial
to Gemini's continued development and growth."
The hiring of Mr. Martin and the promotion of Mr. Harripersad
have resulted in the granting of 300,000 options to purchase Gemini
common shares at an exercise price that will be determined on the
effective date of their employment or promotion, respectively.
Under the terms of Gemini's option plan, the options will be valid
for four years and vest one-third immediately and the remainder at
one-third on each of the next two grant date anniversaries. These
grants bring the total number of options outstanding to 2,624,001
or 3.4% of the 76,827,832 issued and outstanding common shares of
the Corporation. In addition, a total of 150,000 performance share
units were granted with a vesting date of January 1, 2018. The unit plan is structured to
settle the performance share units by the issuance of shares on the
vesting date. This grant brings the total number of performance
share units outstanding to 3,302,000 or 4.3% of the 76,827,832
issued and outstanding common shares of the Corporation.
About Gemini Corporation
Gemini Corporation is a
professional services firm that designs, builds and maintains
energy and industrial facilities. We provide regulatory,
environmental, engineering, fabrication, installation and
maintenance solutions for clients through stand-alone or integrated
service delivery models. Our design-build capabilities
differentiate Gemini and provide tremendous value-added benefits
for clients, such as cost certainty, schedule compression and one
point of accountability. The Corporation's principal target markets
are midstream oil and gas, oil and gas production, in-situ heavy
oil, and oil and gas processing across western Canada.
Shares of Gemini trade on the TSX Venture Exchange under the
symbol GKX. For more information about the Corporation and its
services, go to www.geminicorp.ca.
Disclaimer
This news release may contain
forward looking information that represents Gemini's internal
projections, expectations, estimates or beliefs
concerning, among other things, future operating results and
various components thereof or Gemini's future economic performance.
All statements other than the statements of historical fact may be
forward-looking statements. In some cases, forward-looking
statements can be identified by terminology such as "may", "will",
"should", "expects", "projects", "plans", "anticipates", and
similar expressions. The projections, estimates and beliefs
contained in such forward-looking statements are based on
management's assumptions relating to Gemini's performance and
competition within the sectors in which it competes, the
continuation of the current regulatory and tax regimes in the
jurisdictions in which Gemini operates, and necessarily involve
known and unknown risks and uncertainties, including risks and
assumptions relating to client service demand, field service
costs, labour rates, and other factors that may cause
actual performance and financial results in future periods to
differ materially from any projections of future performance or
results expressed or implied by such forward-looking statements.
Accordingly, readers are cautioned that events or circumstances
could cause results to differ materially from those predicted or
suggested. The Corporation does not undertake to update any
forward-looking information in this document whether as to new
information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release.
SOURCE Gemini Corporation