Trading Symbol: FTR- TSX: V
VANCOUVER, Sept. 7, 2011 /CNW/ - Firesteel Resources Inc. (TSXV:FTR)
("Firesteel" or the "Company") is pleased to announce the appointment
of Mr. Eugene Chen to the Board of Directors of the Company and
announces the award of stock options. The Company also announces that
Mr. Rolland Menard has resigned as a director and is appointed a
technical consultant to the Company.
Mr. Chen is a Partner in the securities, corporate finance, and mergers
and acquisitions group with Gowling LaFleur Henderson LLP. He has more
than 15 years of experience in advising emerging and growth-oriented
companies on corporate finance, mergers and acquisitions and securities
matters. Mr. Chen has been counsel to numerous mineral exploration
companies and provided advice on corporate and transactional structure,
capital financing and corporate governance. He is a director and/or
officer of numerous public and private companies.
In announcing the changes Walter Wakula, Firesteel's interim CEO and
Chairman stated: "We are continuing to round out the skill set of the
Board and are now adding the legal and securities law expertise it
needs to continue to move the Company forward. I am pleased that we
have been able to attract a skilled attorney, M&A and corporate
governance expert such as Eugene to fill this role. Although Rolland is
stepping down as a director after 5 years of dedicated service to the
Board, I am thrilled that he will stay on as a consultant so we can
have the ongoing benefit of his wise counsel."
The Company also announces that it has granted stock options under its
incentive stock option plan to its newly appointed director. The stock
options granted are to purchase up to 150,000 common shares of the
Company, have an exercise price of $0.10 per common share and expire on
September 2, 2016.
Firesteel is a junior minerals exploration company which explores for
and develops quality precious and base metal prospects in the resource
rich Stikine Arch area of British Columbia, and in the NWT and Mexico.
The Company has been exploring its Copper Creek and ROK - Coyote
discovery properties in northern British Columbia with strong showings
of copper and gold mineralization. Firesteel maintains its interests in
the oil and gas business through its 15 percent shareholding in
Blacksteel Energy Inc.
ON BEHALF OF THE BOARD OF DIRECTORS OF
FIRESTEEL RESOURCES INC.
Walter Wakula, Interim CEO and Chairman of the Board
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.
Advisory Regarding Forward Looking Statements
This news release contains no forward-looking statements.
For further information:
For additional information, please contact Walter Wakula at:
Phone: 1-604-669-5768 or 1-403-246-9290