Alderon Appoints Former Iron Ore Company Mine Manager as COO
August 16 2010 - 8:00AM
Marketwired
Alderon Resource Corp. (TSX VENTURE: ADV)(OTCQX: ALDFF) ("Alderon")
is pleased to announce the appointment of Matt Simpson as Chief
Operating Officer, effective as of mid-September. Mr. Simpson has
spent the past 8 years working for the Iron Ore Company of Canada
("IOC"), a RioTinto subsidiary, most recently as Mine General
Manager. He holds a MBA as well as a B.Sc. in Chemical Engineering
both from Queen's University. Mr. Simpson will be based out of the
Toronto Forbes and Manhattan office.
Prior to joining IOC, Mr. Simpson worked as a process engineer
for Hatch designing and debottlenecking metallurgical refineries
around the world. In 2002, he joined the IOC where he has held
several progressive roles in Business Evaluation, Operations
Planning, Continuous Improvement and for the past three years as
Mine General Manager. His work with the IOC took place at their
Carol Lake Iron Ore Deposit in Labrador, located only 18km north of
Alderon's Kami Project. Hence, Mr. Simpson not only has extensive
experience in mine design, operations and project management, he
also has a great deal of knowledge working within the Labrador
Trough.
"We are very pleased that Matt has joined our team," says Stan
Bharti, Executive Chairman of Alderon. "His education and
professional background, especially his work experience with the
IOC, will be invaluable in the development of the Kami Iron Ore
Project."
Matt Simpson states, "I'm very excited to be joining Alderon at
such an important time. The company is led by individuals with a
proven track record, such as Mark Morabito and the previous
Consolidated Thompson management including Stan Bharti and Bruce
Humphrey. I'm looking forward to working with this strong
management team and taking Kami straight through to production in a
timely manner."
Alderon is granting to Mr. Simpson, under the terms of its stock
option plan, options to purchase up to 250,000 common shares at a
price of $1.20 per share. The options are subject to vesting over a
two year period and have an expiry date of July 22, 2015.
About Alderon
Alderon is a leading iron ore exploration and development
company in Canada. The Kami Project is located within an existing
iron ore district and is slated for near term production. The
Alderon team is comprised of skilled professionals with significant
iron ore expertise to advance Kami towards production.
For more information on Alderon, please visit our website at
www.alderonmining.com.
ALDERON RESOURCE CORP.
On behalf of the Board
Mark J. Morabito, President & CEO
This new release may contain forward-looking statements. These
statements are based on current expectations and assumptions that
are subject to risks and uncertainties. Actual results could differ
materially because of factors discussed in the management
discussion and analysis section of our interim and most recent
annual financial statement or other reports and filings with the
TSX Venture Exchange and applicable Canadian securities
regulations. We do not assume any obligation to update any
forward-looking statements.
Neither 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.
Contacts: Alderon Resource Corp. - Vancouver Office Mark
Morabito President & CEO 604-681-8030 604-681-8039 (FAX)
Alderon Resource Corp. - Toronto Office 416-861-5877 416-861-5887
(FAX) info@alderonmining.com www.alderonmining.com
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