VANCOUVER, June 30, 2011 /CNW/ - Bearclaw Capital Corp. (TSXV: BRL)
(Frankfurt: 5BQ), ("Bearclaw" or the "Company"), is pleased to announce
that at the Company's Annual General Meeting held June 10, 2011, Mr.
William Gilmour, Arthur Lilly, Robert MacGillivray, Scott M. Ross and
Mr. Mohan R. Vulimiri, a new addition to the board, were elected to
serve as directors of the Company for the ensuing year.
The Company is pleased to have Mr. Vulimiri join the board. A graduate
of the prestigious Indian Institute of Technology (IIT Kharagpur) with
a master of Science degree in Economic Geology, he has over 30 years
experience in the exploration and delineation of ore deposits with
emphasis on structural controls and modes of occurrence of mineral
zones. Mr. Vulimiri has been involved in the management of numerous
junior and established public exploration companies and is currently
Executive Chairman, CEO and director of Nortec Minerals Corp.
The Company would like to thank Mr. Jeff Durno for his valued service
and contribution to the company while serving on the board of
The Company further announces that it has granted options to Mr.
Vulimiri, pursuant to its rolling 10% stock option plan, to acquire
300,000 common shares of the Company. The option is for a five-year
term which expires on June 10, 2016. For each grant, 30% vests
immediately, 30% vests on the first anniversary of the grant and the
remaining 40% vests on the second anniversary of the grant. The
exercise price is $0.10 per common share.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of the contents of
SOURCE Bearclaw Capital Corporation
For further information:
Bearclaw Capital Corp.
Scott M. Ross, President
214-3540 West 41st Avenue
Vancouver, British Columbia
Tel: 604-682-2201 or 604-803-4883