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Sacre-Coeur Minerals Ltd.

Published : January 18th, 2012

ANNOUNCES APPOINTMENT OF MR. JOHN BOOTH AS DIRECTOR, AND ELECTION OF MR. BOOTH AS CHAIRMAN OF THE BO

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SACRE-COEUR MINERALS ANNOUNCES APPOINTMENT OF MR. JOHN BOOTH AS DIRECTOR, AND ELECTION OF MR. BOOTH AS CHAIRMAN OF THE BOARD OF DIRECTORS

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.

 

Sacre-Coeur Minerals Ltd.

EXPLORATION STAGE
CODE : SCM.V
CUSIP : 786178
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Sacre-Coeur Min. is a gold exploration company based in Canada.

Sacre-Coeur Min. holds various exploration projects in Guyana.

Its main exploration properties are MILLION MOUNTAIN, NORTHWEST GOLD, KARTUNI and NORTHWEST REGIONAL BLOCK in Guyana.

Sacre-Coeur Min. is listed in Canada and in Germany. Its market capitalisation is CA$ 994 050 as of today (US$ 830 827, € 701 218).

Its stock quote reached its highest recent level on April 27, 2007 at CA$ 3.60, and its lowest recent point on August 15, 2014 at CA$ 0.01.

Sacre-Coeur Min. has 66 269 996 shares outstanding.

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Financings of Sacre-Coeur Minerals Ltd.
9/19/2013REPORTS NEGOTIATION OF US $10 MILLION FINANCING
3/15/2011 Closes $2.575 Million Private Placement
2/17/2011Announces Private Placement
4/28/2010closes $1,225 million private placement
4/13/2010Announces private placement
8/30/2008CLOSES $1.550 MILLION PRIVATE PLACEMENT
8/29/2008ANNOUNCES ADDITIONAL PRIVATE PLACEMENT
8/15/2008CLOSES FURTHER $4.125 MILLION PRIVATE PLACEMENT; GUYANA PROG...
8/6/2008 ANNOUNCES PRIVATE PLACEMENT
8/9/2008CLOSES $3.625 MILLION PRIVATE PLACEMENT
Option Grants of Sacre-Coeur Minerals Ltd.
1/28/2009GRANTS STOCK OPTIONS
Nominations of Sacre-Coeur Minerals Ltd.
1/18/2012ANNOUNCES APPOINTMENT OF MR. JOHN BOOTH AS DIRECTOR, AND ELE...
Project news of Sacre-Coeur Minerals Ltd.
7/29/2013Prime Equity Research - Buy Target $0.64 (CA: SCM.v or US:...
6/20/2013REPORTS RESULTS FROM GUYANA METALLURGICAL TEST HOLES: LENGTH...
10/16/2012ANNOUNCES TWELVE WEEK ELLUVIAL/ALLUVIAL GOLD PRODUCTION FIG...
8/1/2012(Million Mountain)ARRANGES EQUIPMENT SALE TO RIVERSIDE RESOURCES: AIMS AT DEV...
3/23/2011(Million Mountain)Drill Testing Targets for Expansion of Million Mountain Zone...
1/5/2009(Kartuni)COMPLETES PRIORITIZATION AND RESTRUCTURING OF ITS GUYANA PRO...
12/12/2008(Million Mountain)DISCOVERS PORPHYRY-TYPE AU, CU, MO MINERALIZATION AT MILLION...
11/12/2008(Northwest Regional Block)COMPLETES INITIAL ASSESSMENT OF ITS GUYANA EXPLORATION PORTF...
7/14/2008(Northwest Regional Block)COMMENCES DRILLING KEY TARGETS AT NORTHWEST GOLD PROJECT
2/26/2008(Northwest Regional Block)NEW TRENCH AND PIT DATA EXPANDS HIGH-GRADE ZONE AT SACRE-COE...
Corporate news of Sacre-Coeur Minerals Ltd.
8/26/2013Event Driven Trading Opportunity in Sacre-Coeur Minerals as ...
5/17/2013Article on Sacre-Coeur Minerals written by ProactiveInvestor...
5/6/2013Article on Sacre-Coeur Minerals (TSX-V: SCM, US-OTC: SCRMF)
3/29/2013March News (TSX-V: SCM - OTC: SCRMF)
3/14/2013targets $40mln a year cash flow (TSX-V: SCM, market cap $12...
2/7/2013ENGAGES DEDICATED INVESTOR RELATIONS COORDINATOR
10/5/2012CLOSES FIRST TRANCHE OF BROKERED OFFERING
2/6/2012ANNOUNCES ARRANGEMENT OF $650,000 CREDIT FACILITY
12/15/2011ANNOUNCES FORMATION OF CONTRACT DRILLING DIVISION
6/2/2011JOIN SACRE - COEUR MINERALS AT THE 2011 WORLD RESOURCE INVES...
2/1/2011Grants Severstal Two Week Extension
1/23/2009ENGAGES SCOTT YOUNG FOR INVESTOR RELATIONS TEAM
1/15/2009SHALLOW PROSPECT DRILLING AT SACRE-COEUR?S NORTHWEST DISTRIC...
7/7/2008ADDS SEVEN NEW TARGET ZONES AT MILLION MOUNTAIN ? DRILLING U...
11/19/2007FORMAL AGREEMENT CONCLUDED FOR TRANSFER OF MILLION MOUNTAIN ...
5/23/2007RECEIVES $1.8 MILLION FROM RECENT WARRANT EXERCISES
5/14/2007250 METER STEPOUT TO SOUTH YIELDS BROAD LOW GRADE ZONE; INTE...
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