Alder Announces Appointment of the Honorable Pierre Pettigrew, p.c. to the Board of Directors
September 01 2010 - 6:20PM
Marketwired
Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE: ALR)
is pleased to announce the appointment of the Honorable Pierre
Pettigrew, p.c. to the Board of Directors of the Company. The
Honourable Pierre Pettigrew, p.c. has had a distinguished career
with success in both public and private sectors. From January 1996
to February 2006, he served as a Member of Parliament. Most
notably, he led a number of senior government departments in his
ten years as a minister in successive federal Canadian governments.
Among other positions, he has served Canada as the Minister of
Foreign Affairs, Minister for International Trade and the Minister
for International Cooperation. He is now with Deloitte & Touche
LLP in the role of Executive Advisor, International. Prior to
entering national politics, Pierre Pettigrew was the Vice President
of Samson Belair Deloitte & Touche International (Montreal),
where he acted as an international business consultant.
Mr. Pettigrew states, "I've been very impressed over the last
few years by the progress Colombia has made toward significant
political stability and substantial economic progress. Mining in
Colombia, as it has been in Canada, is at the heart of its future.
I'm delighted to join Alder's board as it is poised to take
advantage of its good mining code and contribute to a stable
development of a country in our hemisphere."
In conjunction with the Mr. Pettigrew's appointment, Alder has
issued a total of 1.3 million stock options under the stock option
plan of the Company to various officers, consultants and directors
of the Company. The options shall vest immediately and are
exercisable at $0.35 per option, expire on August 31, 2015 and
remain subject to receipt of all necessary regulatory approvals,
including the approval of the TSX Venture Exchange.
About Alder Resources
Alder Resources is a Colombian-based company focused on gold
development at its La Montanita property 40 km northeast of
Medellin, as well as accretive acquisitions in the area. The La
Montanita property is approximately 80 km from Continental Gold's
Buritica asset. The Company also holds an option to acquire a 60%
interest in Cariboo Rose's Canadian Creek Mineral Property located
in the Whitehorse Mining District of the Yukon Territory, which is
160 km south of Dawson City, Yukon.
Cautionary Note Regarding Forward-looking Information
Will Randall, a Director of the Company and a qualified person
under NI 43-101, has reviewed the scientific and technical
information in this press release.
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, without limitation,
statements regarding mining in Colombia, statements with respect to
the development potential and timetable of the property of the
Company; the potential to identify mineral resources; the timing
and amount of estimated future exploration, success of mining
activities; and receipt of government approvals. 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: general
business, economic, competitive, geopolitical and social
uncertainties; the actual results of current exploration
activities; risks associated with operation in foreign
jurisdictions; ability to successfully integrate the purchased
properties; foreign operations risks; and other risks inherent in
the mining industry. 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 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: Alder Resources Ltd. Rene Bharti President and CEO
(416) 861-5913 rbharti@alderresources.ca www.alderresources.ca
(TSXV:ALR)
Historical Stock Chart
From Jun 2024 to Jul 2024
(TSXV:ALR)
Historical Stock Chart
From Jul 2023 to Jul 2024