Sacre-Coeur Minerals Announces Appointment of Mr. John Booth as Director, & Election of Mr. Booth as Chairman of the Board of..
16 Janvier 2012 - 9:01AM
Business Wire
SACRE-COEUR MINERALS, LTD. (the "Company") today
announced that in connection with its recent strategic shift in
emphasis toward internally generated cash flow and rapid
development of its initial hard-rock resources, it has appointed
Mr. John G. Booth as an interim Director. The board has also voted
unanimously to elect Mr. Booth to the position of non-executive
Chairman of the Board of Directors of the Company. Mr. Ben
Catalano, a director, has resigned effective 13 January, 2012, and
Mr. Irwin A. Olian has resigned as Executive Chairman of the Board
as of the same date to make way for Mr. Booth’s appointment and
subsequent election as Chairman. Mr. Olian will remain an active
participant on the Company’s board of directors. Mr. Booth is
expected to stand for election by the shareholders at the Company’s
next AGM.
In connection with his appointment to the board of directors,
and in consideration of his service as Chairman of the Board, Mr.
Booth has been granted incentive stock options, subject to
regulatory approvals, to purchase up to 500,000 common shares of
the Company’s Common Stock. The options are exercisable for a term
of three years at a price of CAD $0.17 per share. As with all
members of the board, he will receive no other compensation for his
services as a director.
Mr. Booth is a Partner and Fund Manager with JAS Financial
Products LLP in London. He has more than twenty years of experience
in global capital markets, much of which includes mining and
minerals companies, as an investment banker and attorney. John
currently serves as a director for other TSX listed companies, and
serves as Chairman of the Board of Laramide Resources, a uranium
development company with properties in Australia and in the
Southwestern US. He is a dual Canadian/UK citizen.
Both Mr. Catalano and Mr. Olian have served on the board of
directors of the Company since it was founded in 2004. Mr. Olian
has served as Chairman of the Board since inception. He also
formerly served as President and Chief Executive Officer from
inception through December 2009. The Company thanks Mr. Catalano’s
for his years of contribution as a director for the Company, as
well as his service as a special committee member of the board from
time to time. We are also very grateful to Mr. Olian for his
paramount role as a founder of the Company and for his outstanding
leadership over the past years as the senior executive of the
Company.
We are extremely pleased to welcome Mr. Booth onto the board of
directors, and into the role of Chairman. His background is
exceptionally well suited to help lead the Company into its next
chapter, which includes self-generated working capital from
alluvial gold production and contract drilling. These activities
are expected to generate sufficient revenue to fund near term
preparations for development of the Company’s existing hard-rock
gold resource, on-going hard-rock exploration to expand the current
NI 43-101 resource and to meet the Company’s sustaining capital
needs.
About Sacre-Coeur
The Company is engaged in the acquisition, exploration,
development, and production of properties for gold, metals and
diamonds in South America, initially focussing on exploration and
production of gold from its properties in Guyana. The Company
presently holds 100% interest in approximately 850 sq. km of
mineral properties in Guyana, including the Million Mountain
Property which hosts an NI 43-101 compliant hard-rock resource of
12,119,285 tonnes grading 1.0 g/t Au Measured, and 2,175,278 tonnes
grading 0.9 g/t Au Indicated for a total 451,000 tr oz Au combined.
The Company has offices in Vancouver, Canada and Georgetown,
Guyana. More information about the Company is available at
www.scminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
OFSACRE-COEUR MINERALS, LTD.“Gregory B.
Sparks” Gregory B.
Sparks, P. Eng.President & CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. This news release may contain “forward-looking
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 or “forward-looking
information” within the meaning of applicable Canadian securities
laws, which we will refer to as “forward-looking information”.
Often, but not always, forward-looking information can be
identified by the use of words such as “plans”, “expects”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “believes” or the negatives thereof or
variations of such words and phrases or statements that certain
actions, events or results “may”, “could”, “would”, “might” or
“will” be taken, occur or be achieved. Forward-looking information
includes, but is not limited to, statements pertaining to the
timing of, revenue/cash flow from and costs of current and proposed
operations and production.
We can give no assurance that the forward-looking information
will prove to be accurate. Forward-looking information by its
nature is based on assumptions and involves known and unknown
risks, uncertainties and other factors, including those discussed
in the Company’s quarterly and annual management discussion and
analysis, which are available at www.sedar.com under the Company’s
profile, any of which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking information. The forward-looking information
is based on a number of assumptions that management believes are
reasonable, including but not limited to assumptions about the
statements contained herein: the price of gold; the financial
condition of the Company; anticipated costs and expenditures;
estimated production; mineral resources or reserves; and
metallurgical recoveries; general business conditions; and the
ability to achieve our goals. The forward-looking information is
also subject to certain risks, uncertainties and other factors
associated with our business, including but not limited to: gold
price volatility; risks of not meeting production and cost targets;
discrepancies between actual and estimated production; mineral
reserves and resources and metallurgical recoveries; mining
operational and development risk; litigation risks; regulatory
restrictions, including environmental regulatory restrictions and
liability; risks of sovereign investment and operating in foreign
countries; currency fluctuations; speculative nature of gold
exploration; global economic climate; dilution; share price
volatility; competition; loss of key employees; additional funding
requirements; and defective title to mineral claims or property, as
well as those factors discussed in the Company’s quarterly and
annual management discussion and analysis. Should underlying
assumptions prove incorrect, or should one or more of the risks,
uncertainties or other factors materialize, actual results may vary
materially from those expressed or implied in the forward-looking
information.
Forward-looking information is designed to help you understand
management’s current views of our near and longer term prospects,
and it may not be appropriate for other purposes. Forward-looking
information is based on the reasonable beliefs, estimates and
opinions of management at the date the statements are made and is
subject to change without notice. These factors should be carefully
considered and viewers are cautioned not to place undue reliance on
forward-looking information, which speaks only as of the date of
this news release. We will not necessarily update this information
unless we are required to by applicable securities laws.
(TSXV:SCM)
Graphique Historique de l'Action
De Sept 2024 à Oct 2024
(TSXV:SCM)
Graphique Historique de l'Action
De Oct 2023 à Oct 2024