Citation Resources Announces Board Changes and Appointment of CEO
2011年7月14日 - 5:00AM
Marketwired
Citation Resources Inc. ("Citation" or the "Company") (TSX VENTURE:
CTT) is pleased to announce the appointment of Mr. Matthew Watson,
and Mr. James Harris, Chairman of Entree Gold, to the board of
directors of Citation. Mr. Watson and Mr. Harris will fill the
vacancies on the board created by the resignation of Trevor
Kearnes, Gunther Roehlig and Michael Magrum as directors of
Citation. Mr. Watson will also replace Mr. Gunther Roehlig as Chief
Executive Officer.
Mr. Watson's business experience in Canada and the United States
includes acting as senior officers and directors of several
successful public companies including Chief Operating Officer of
Carmanah Technologies from 2003 to 2006 where he helped grow the
market cap from $15 million to $150 million during that time
winning over 50 industry awards in the process. Mr. Watson
currently serves on the boards of several public and private
companies including Redzone Resources and the Victoria
International Airport Authority. Mr. Watson began his career as a
lawyer in the Vancouver office of a leading national law firm
focusing on corporate transactions in the resource and technology
sectors. Mr. Watson has a BA and Juris Doctor from UBC.
Mr. Harris is a corporate, securities and business lawyer with
over 25 years' experience in British Columbia and internationally.
He has extensive experience with the acquisition and disposition of
assets, corporate structuring and restructuring, regulatory
requirements and corporate filings, and corporate governance
working with public companies listed on the TSX Venture Exchange,
the Toronto Stock Exchange, and NASDAQ. Mr. Harris was a Founding
Member of the Legal Advisory Committee of the Vancouver Stock
Exchange and has been an instructor at the Professional Legal
Training Course for articling students sponsored by the Law Society
of British Columbia on the subject of corporate and securities law.
Mr. Harris has been a director of Entree Gold Inc. since 2003 and
was appointed non-executive Chairman in April 2006. He will
continue in his role as Corporate Secretary of the Company.
"We welcome the addition of two highly respected professionals
in Matthew and James to the Company's board of directors. Citation
Resources is now well positioned with Matthew as its Chief
Executive to benefit from both his experience in providing
leadership to developing businesses and his track record of
delivering value for shareholders. And we are delighted that James
has agreed to assume a greater role with the Company and continue
to lend his deep expertise in corporate, legal and other matters
gained working with junior mining companies, which will be a key
asset of the Company," commented Nigel Kirkwood, CFO. "On behalf of
the board of directors, I would like to thank each of Gunther,
Trevor and Michael for their leadership and guidance as the Company
restructured and refocused its operations through a change of
control and the reactivation of the TSXV Tier 2 listing. We wish
each of them well as they pursue their other interests."
In addition, the Company's board of directors has today approved
the granting of 560,000 incentive stock options to be granted to
directors and officers of the Company in accordance with its stock
option plan. The options are exercisable at $0.12 per share for a
period of five years, subject to the policies of the TSX Venture
Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
CITATION RESOURCES INC.
Nigel Kirkwood, CFO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Citation Resources Inc. Nigel Kirkwood CFO 604 417
8932
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