Apogee Appoints G. Scott Paterson as Chairman of the Board and Marilia Bento as Vice President, Corporate Development
December 09 2010 - 2:30PM
Marketwired
Apogee Minerals Ltd. (TSX VENTURE: APE) 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-
Contacts: Apogee Minerals Ltd. Chris Collins President (416)
861-2264 Apogee Minerals Ltd. Marilia Bento VP Corporate
Development (416) 309-2139 info@apogeeminerals.com
www.apogeeminerals.com
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