Hudson Resources Announces Management Changes and Board Appointment
21 Janvier 2019 - 3:00PM
HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSXV: “HUD”; OTC
“HUDRF”) is pleased to announce that Jim Cambon has been appointed
President of the Company, effective January 31, 2019. Jim joined
Hudson in 2007 and has been involved in all aspects of the
Company`s development that resulted in the completion of
construction of the White Mountain Project GreenSpar (anorthosite)
processing plant in Greenland at the end of 2018. He succeeds James
Tuer who has resigned from the Company, and as a director, also
effective January 31, 2019. James started the Company in 2002 and
led it from resource prospector to successfully constructing only
the 5th operating mine in Greenland in over a century.
The Company is also pleased to announce the
appointment of Kenneth (Ken) Palko P.Eng, as Chief Operating
Officer, reporting to Mr. Cambon, with effect from February 1,
2019. Ken was previously with Polaris Materials Corporation, a TSX
listed company, from 2007 to 2018, where he was Vice President
Operations responsible for the mining and mineral processing
operations, together with the company`s Pacific coastal port
distribution terminals that were supplied using ocean-going Panamax
bulk carriers. From 2015 onwards, Ken served as President and CEO
of Polaris.
The Board of Directors has appointed David
Frattaroli to the board, subject to the customary approval from the
TSX Venture Exchange. David has considerable experience in global
industrial minerals sales having spent over 30 years with Sibelco,
one of the world’s largest industrial minerals companies,
eventually being a member of that company’s executive management
group. He was based in Belgium for a period as Senior Vice
President of marketing and sales for Europe, Russia, the Middle
East and North Africa and more recently, was Chief Commercial
Officer of Unimin North America, a division of Sibelco. In this
position he was responsible for all aspects of product
applications, sales, marketing and customer relationships for a
wide range of mineral products serving many of the markets that
have shown significant interest in Hudson’s GreenSpar product. He
is presently Executive Vice President of High Roller Sand
responsible for the business strategy, marketing and sales of that
company and was recently president of Industrial Minerals of CT,
LLC, an executive advisor for global industrial mineral
markets.
Flemming Knudsen, Chairman of the Board,
commented: “Hudson is excited to be strengthening its management
team and adding an experienced executive to the board. The Company
is now transitioning into an operating entity with a strong focus
on optimizing production efficiency and logistics. We are now well
placed to pursue the exciting market development possibilities that
have already been identified for our GreenSpar anorthosite
product.” He added: “The Board wishes to sincerely thank James for
his services to the Company over many years.”
ON BEHALF OF THE BOARD OF DIRECTORS
“Flemming
Knudsen”
Flemming Knudsen, Chairman of the Board
For further information:Jim
Cambon, President ElectPh: 604-628-5002 or
604-505-2157jamescambon@gmail.com
Forward-Looking
StatementsThis news release includes certain
forward-looking statements or information. All statements
other than statements of historical fact included in this news
release, including, without limitation, statements regarding the
use of proceeds from the private placement, and other future plans
and objectives of the Company are forward-looking statements that
involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could
cause actual results to differ materially from the Company's plans
or expectations include market prices, general economic, market or
business conditions, regulatory changes, timeliness of government
or regulatory approvals and other risks detailed herein and from
time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities
legislation.Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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