Cayden Resources
appoints David Jones and Russell Starr to the board
Cayden Resources Inc. (TSX-V: CYD) (�Cayden� or the �Company�)
is pleased to announce the appointments of David M. Jones and Russell Starr to
the Board of Directors.
David
M. Jones is a graduate of Dartmouth College and the University of Arizona (M.S.
1987) with over 30 years experience in mineral
exploration and project management. As Chief Geologist of Teck's
Nukay Project from 1994-1999, Mr. Jones is credited
with the geologic modeling that led to the discovery of the Los Filos gold-skarn deposit, which
became Mexico's largest gold producer (Goldcorp Inc.) in 2010.
Mr.
Jones has published numerous technical articles and is considered to be the
foremost expert on Guerrero Gold Belt type deposits. Mr. Jones has worked
extensively throughout the Guerrero Gold Belt for clients including Wheaton
River, Pe�oles, Grupo Mexico,
Torex and a number of Canadian juniors.
Russell
Starr was the Head of Capital Markets for a boutique Canadian investment bank
and has been active in the financial services industry for over 13 years.
Mr. Starr has worked for global investment banks and independent boutique
investment dealers during his career working both as an equity
salesperson/trader as well as in corporate finance. Russell holds a Masters in
Business Administration from the Richard Ivey School of Business and a Master
of Economics from the University of Victoria.
Russell
will be joining Cayden as a full time Director and VP
Corporate Development, where his extensive background in the public markets
will be a significant asset to the Company.
President
and CEO Ivan Bebek states: �We are very pleased to be
able to further strengthen our board. David Jones with his extensive technical
background and as an authority on the Guerrero Gold Belt is a tremendous compliment to our Morelos project that encircles Goldcorp�s
Los Filos and El Bermejal
mines. The addition of Russell Starr will enhance the Company�s market exposure
and enhance future financing efforts with his background from the corporate
banking side of the business.�
To
allow room for the new board members, Peter Rees will be resigning from the
board of directors but will be continuing on in the role as Chief Financial
Officer and Corporate Secretary.
The
Company also reports that, subject to regulatory approval, it has granted
990,000 incentive stock options to directors, officers and employees of the
company, exercisable at a price of $1.60 per share for a period of five years
from the date of grant. Any shares issued under the option grant will be
subject to a four-month hold period from the date of granting, pursuant to the
policies of the TSX Venture Exchange.
On
Behalf of the Board,
Ivan Bebek, President and CEO