Archangel Diamond reports Results of Special Meeting of Shareholders

- March 26th, 2010

Archangel Diamond Corporation (TSX VENTURE:AAD.H) reported that at a special meeting of shareholders held on Monday, March 15, 2010, the shareholders of the Corporation approved the voluntary dissolution of the Corporation and the delisting of the Corporation’s shares from the NEX trading board of the TSX Venture Exchange, subject to the authority of the Board of Directors to revoke the resolution authorizing the dissolution.

Archangel Diamond Corporation (TSX VENTURE:AAD.H) reported that at a special meeting of shareholders held on Monday, March 15, 2010, the shareholders of the Corporation approved the voluntary dissolution of the Corporation and the delisting of the Corporation’s shares from the NEX trading board of the TSX Venture Exchange, subject to the authority of the Board of Directors to revoke the resolution authorizing the dissolution.

The press release is quoted as saying:

As a result, the Corporation will continue with its ongoing efforts to implement Archangel’s amended plan of liquidation (as described in the Corporation’s previous new releases) and obtain any other required consents to the dissolution with a view to filing articles of dissolution on or before March 31, 2010.

Click here to access the entire press release

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