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Apogee Minerals Ltd. today announced
that Mr. G. Scott Paterson has agreed to join the board of Apogee. Mr.
Paterson is Vice Chairman of NeuLion Inc. (formerly
JumpTV), having been Chairman from January 2002
until October 2008. NeuLion is a world leader in
IPTV, counting the NFL, NHL, NBA and the NCAA as key clients and is a board
member of several public companies. He is also Chairman of the Merry Go Round
Children's Foundation and a Governor of Ridley College. From 1998 to December
2001, Mr. Paterson was Chairman and CEO of Yorkton Securities Inc., which
under his leadership became Canada's leading technology investment bank, raising over $13 billion in equity for Canadian companies
as managing and co-managing underwriter. Mr. Paterson has served as the past
Chairman of the Canadian Venture Stock Exchange and as a former Vice Chairman
of the TSX. In 2009, Mr. Paterson obtained the ICD.D designation by
graduating from the Rotman Institute of Corporate
Directors at the University of Toronto.
In conjunction with Mr. Paterson's
appointment, Mr. Helio Diniz
has resigned from the Board of Directors of the Company but has agreed to
continue in a consulting role with respect to Apogee's exploration and
development projects in South America.
Apogee is also please to announce the
appointment of Ms. Marilia Bento to the position of Vice President, Corporate
Development. Ms. Bento has over 20 years of experience in the financial
industry and the Canadian Capital Markets. Previously Ms. Bento was Managing
Director at Macquarie Capital Markets Canada Ltd. and held the position of
the Head of Equity Capital Markets Canada. Marilia has participated
financings for numerous energy, mining, technology and healthcare companies,
representing over 800 financings and over $46 billion in equity. Marilia was
also responsible for building a retail network group that had over $45
billion of assets under administration and comprised over 1,400 retail
brokers across Canada. Prior to the acquisition of Orion Securities by
Macquarie Capital Markets Canada Ltd., Ms. Bento was on the Board of
Directors of Orion from June 2000 until November 2007.
Mr. Stan Bharti,
Chairman of Apogee stated; "We are very pleased to have Scott Paterson
and Marilia Bento joining Apogee. The Company is seeking to improve our
communication and profile within the investment community to complement the
strong technical team that is in place. The capital markets background of Mr.
Paterson and Ms. Bento will go a long way to improving this aspect of our
business. We thank Mr. Diniz for his service as
member of Apogee's Board."
In connection with their respective
appointments, Mr. Paterson will receive 2.4 million stock options and Ms.
Bento will receive 600,000 stock options in relation to their appointments at
an exercise price of $0.27 that vest in eight equal tranches over a two year
period. Apogee will also issue 4,370,000 options to consultants and insiders
of the Company. The options have an exercise price of $0.27 per option
exercised and will vest immediately subject to a statutory four month hold
period. The options will expire five years from the date of grant and are
subject to receipt of all necessary regulatory approvals, including the
approval of the TSX Venture Exchange.
For detailed project information please
refer to Apogee's web site at www.apogeeminerals.com.
About Apogee Minerals Ltd.
Apogee Minerals Ltd. is an exploration
stage company listed on the TSX Venture Exchange under the symbol APE. Apogee
targets advanced stage silver-zinc-lead projects in South America that
demonstrate potential to be accelerated to production. Currently its projects
are located in the historic silver producing regions of southwest Bolivia and
northern Chile.
Its most advanced project is the Pulacayo-Paca project in Bolivia, which is an option to
joint venture with Golden Minerals Company. This project includes the
property that covered the second-largest silver mine in the history of
Bolivia with over 600 million ounces of past production.
Cautionary Note Regarding
Forward-Looking Information: This press release contains "forward
looking information" within the meaning of applicable Canadian
securities legislation. Forward looking information includes, but is not
limited to, statements with respect to the board and executive appointments,
the future financial or operating performance of the Company, its
subsidiaries and its projects, statements regarding exploration prospects,
and requirements for additional capital. Generally, forward looking
information can be identified by the use of forward-looking terminology such
as "plans", "expects" or "does not expect",
"is expected", "budget", "scheduled",
"estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could",
"would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking information is
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or implied by
such forward-looking information, including but not limited to: financing not
being available at desired prices; general business, economic, competitive,
political and social uncertainties; the actual results of current exploration
activities; timing and availability of external financing on acceptable
terms; conclusions of economic evaluations; changes in project parameters as
plans continue to be refined; future prices of mineral prices; failure of
plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry;
and, delays in obtaining governmental approvals or required financing or in
the completion of activities. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on
forward looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.
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 -30-
Contact:
Chris Collins
Apogee Minerals Ltd.
President
(416) 861-2264 |
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