Beaufield Appoints Investment Banking Veteran to the Board
April 29 2014 - 10:36AM
Marketwired
Beaufield Appoints Investment Banking Veteran to the Board
MONTREAL, QUEBEC--(Marketwired - Apr 29, 2014) - Beaufield
Resources Inc. ("Beaufield" or the "Corporation") (TSX-VENTURE:BFD)
is pleased to announce the appointment of retired Quebec based
investment banker Pierre Colas to the Corporation's Board, subject
to regulatory approval.
Mr. Colas was most recently Vice-President & Managing
Director Investment banking at Industrielle Alliance Securities
Inc. ("IAS"). Prior to his appointment at IAS, he was First
Vice-President Investment Banking at Desjardins Securities Inc. He
has successfully transacted over $5B in equity financing and
participated in the initial public offering of more than 100 new
companies.
Mr. Colas is a member of the Advisory Committee on the small and
midcap companies for the Autorité des marchés financiers ("AMF") in
Québec since 2011 and was a member of the TSX Venture Exchange
Advisory Committees until recently. Mr. Colas holds a Bachelor
degree in Commerce from the University of Concordia, Montreal.
Mr. Hansen stated: Mr. Colas brings over thirty years of
experience related to the capital markets and will assist the Board
in the areas of corporate finance, mergers and acquisitions, and
equity research.
The Board of Directors of Beaufield
has approved the granting of options for 400,000 common shares of
the Corporation to each of Pierre Colas and James (Jim) Gervais,
under the stock option plan of the Corporation. The options
exercisable at $0.10 per option are subject to a 4 month hold
period and have a term of 5 years. After the grant, the total
number of outstanding options under the Corporation's plan is
7,200,000 or approximately 6.5% of the outstanding shares.
Mr. Gervais was appointed to the
Corporation's board of directors in January 2014 and elected as a
director at the annual meeting of shareholders held in February
2014.
Mr. Gervais graduated from the Royal Military College of Canada
in 1962 with a BSc, and attended the Royal Military College of
Science (UK). He retired from the Canadian Forces as a Lieutenant
General before joining the Public Service of Canada as a senior
executive. General Gervais' military career of 35 years consisted
of a variety of command and staff appointments in Canada (and
abroad), leading to command of the Canadian Army in 1991. He later
served for 12 years as Assistant Deputy Minister to three Governors
General of Canada.
Mr. Gervais is a Director on the board of Sama Resources Inc., a
TSXV base metal exploration company in West Africa, and Chairman of
the Canadian Corps of Commissionaires (Ottawa Division), a
not-for-profit security firm. He also co-chairs a committee of the
Institute for Canadian Citizenship involved with the integration of
new Canadians into society.
About
Beaufield:
Beaufield is a mineral exploration
company with its exploration activity focused in Quebec. Beaufield
is well positioned to advance its portfolio of exploration
properties and identify other potential opportunities in the
mineral exploration or development stage. The Corporation is
actively exploring, well financed, has no debt and has excess work
credits on its properties.
The information set forth in this
press release includes certain forward-looking statements. Such
statements are based on assumptions exposed to major risks and
uncertainties. Although Beaufield deems the expectations reflected
in these forward-looking statements to be reasonable, the
Corporation cannot provide any guarantee as to the materialization
of the expectations reflected in these forward-looking statements.
The Corporation expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result
of new information, future events or otherwise, except as required
by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this Release.
MI3 Financial CommunicationsMario Drolet, President514.904.1333
/ Cell.: 514.346.3813514.904.2331mario@mi3.caJens E. Hansen,
President and
CEO514.842.3443514.842.3306info@beaufield.comwww.beaufield.com
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