VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2013) - Forum Uranium Corp. (News - Market indicators) is pleased to announce the appointment of James A. Hutton to Forum's Advisory Board. Mr. Hutton will advise management and the Board on corporate and financial matters.
Mr. Hutton has spent his career in the financial services industry and for the past 25 years has specialized in resource company finance. Mr. Hutton is the President & Chief Executive Officer of Hutton Capital Corporation. Hutton Capital Corporation was an original investor in Roughrider Uranium Corp. which was acquired by Hathor Exploration Limited in 2006. Mr. Hutton was Chairman of Terra Ventures Inc. which owned a 10% carried interest in Hathor's Midwest North East Project. Terra was acquired by Hathor in August, 2011 and subsequently Hathor was acquired by Rio Tinto in January, 2012.
He was the founder and President of Canada Dominion Resources Group of Companies, one of the largest flow through share funds in Canada. During Mr. Hutton's tenure, the Canada Dominion Resources Group completed in excess of $800 million in offerings, which subsequently focused their investments on mining and energy issuers actively exploring for resources in Canada. The Canada Dominion Resources Group was acquired from Mr. Hutton by the Dundee/Dynamic Mutual fund organization in December of 2006. During the acquisition period, Mr. Hutton served as President and COO of CMP Resource Group from 2003 to 2005. He is currently on the Board of Santacruz Silver Mining Inc. and is the President and Director of EFLO Energy Inc.
Mr. Hutton commented, "I am quite impressed with the quality of Forum's uranium portfolio and management team. I look forward to working with the Company as it advances its exploration assets to discovery. I am thoroughly convinced that nuclear energy and the uranium sector have a bright future."
Richard Mazur, President and CEO stated, "James' appointment to the Forum team in an advisory capacity adds a key component for the future growth of the Company. As with our technical team's track record for discovery, James' track record for success in the financial sector speaks for itself. The Board of Directors welcome Mr. Hutton to the Company."
Forum also announces that, in accordance with the Company's stock option plan, it has granted to certain of its directors, officers, employees and consultants incentive stock options to purchase up to an aggregate of 600,000 common shares exercisable on or before September 12, 2018 at a price of $0.37 per share.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo., President & CEO
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.
