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Re: Corporate News - Friday, October 29, 2010
2010 Annual General Meeting and Election of New Directors
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Vancouver -- October 29, 2010 - Logan Resources Ltd. (the "Company") (TSXV:LGR) announces the following corporate updates.
The Company held its annual general meeting (the "Meeting") on September 30, 2010, at which all matters were approved. Seamus Young, Peter F. Cummings and Paul Reynolds were re-elected as directors for the ensuing year. In addition, the Company is pleased to announce the election of two new directors, Mark Morabito and Shaun Maskerine.
Mr. Morabito is an executive with a background in corporate finance and securities law. He has over 15 years experience in public markets with a strong focus on junior mining and small business venture capital with extensive experience in capital-raising and corporate development. Mr. Morabito graduated from Simon Fraser University with a B.A. and completed his J.D. at the University of Western Ontario. Since 2003, Mr. Morabito has been directly responsible for leading
several public companies. He has raised over $100.0 million for these companies as well as established listings on the TSX Venture, TSX and NYSE-Amex exchanges.
Mr. Maskerine served as VP, Investment Banking for a small firm specializing in resource companies until May 2008. He then served as director and Corporate Secretary of Waratah Coal Inc., an Australian based coal exploration company until its takeover in December 2008. Mr. Maskerine is currently a director and VP of Golden Harp Resources, director of Acme Resources, and director and Corporate Secretary of WCB Resources.
The Company inadvertently omitted certain information in the Information Circular pertaining to severance payments contained in a management contract with its President and CEO. A copy of the contract can be obtained at www.sedar.com.
Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. For more information on the property portfolio and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.
ON BEHALF OF THE BOARD
"Seamus Young"
Seamus Young
President and CEO
For Further Information Please Contact:
Seamus Young, President & CEO
syoung@loganresources.ca
T: 604-689-0299 x 223
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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Copyright (c) 2010 LOGAN RESOURCES LTD. (LGR) All rights reserved.
For more information visit our website at http://www.loganresources.ca/
or send mailto:info@loganresources.ca
Message sent on Fri Oct 29, 2010 at 4:25:01 PM Pacific Time
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Logan Resources Ltd
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CODE : LGR.V |
ISIN : CA5410953031 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Logan Resources is a silver and gold exploration company based in Canada. Logan Resources holds various exploration projects in Canada. Its main exploration properties are CHEYENNE, CASSIAR PLATEAU and HEIDI in Canada. Logan Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.6 millions as of today (US$ 2.0 millions, € 1.6 millions). Its stock quote reached its highest recent level on September 22, 2000 at CA$ 9.60, and its lowest recent point on February 19, 2016 at CA$ 0.03. Logan Resources has 42 740 000 shares outstanding. |