TORONTO, May 13, 2014 /CNW/ - Galway Metals Inc. (TSX-V: GWM) (the
"Company") is pleased to announce that Larry Strauss and Michael Sutton
have been officially engaged to act as technical advisors to the
Company's board of directors. Messrs. Strauss and Sutton have extensive
expertise in the gold industry and will continue to assist in
identifying and assessing precious metal opportunities, primarily in
the Americas. Messrs. Strauss and Sutton have been assisting the
Company on an informal basis since the start of 2014.
Robert Hinchcliffe, president and CEO of Galway Metals, commented, "We
are extremely pleased to have Larry and Mike join us in an official
capacity. Larry and Mike were instrumental in identifying and
developing 2 interesting gold projects for Galway Resources, one of
which was sold for $340 million. Given the status of the junior
markets, we are looking to position ourselves with projects that will
generate robust shareholder returns when the capital markets improve."
Larry Strauss has 18 years of experience as a mining and commodities
analyst in both Canada and the United States. He was most recently a
Director at GMP Securities, where he spent seven years as a
well-regarded mining analyst. During his time with GMP Securities, the
firm landed advisory roles on high-profile mergers and acquisitions and
raised several billion dollars for many leading international mining
companies, including Goldcorp Inc., Kinross Gold Corporation, Wheaton
River Minerals, Ltd., Bema Gold Corporation, Ivanhoe Mines Ltd., and
Northgate Minerals Corp., among others. During his career Mr. Strauss
has been awarded "Best on the Street" in the Mining and Metals category
by the Wall Street Journal. Earlier in his career, Mr. Strauss worked
with Canaccord Capital, Prudential Securities and Merrill Lynch. Mr.
Strauss holds an M.A., Energy and Mineral Resources (cum laude) from
the University of Texas at Austin, and a B.S., Geology (honors) from
City University of New York at Brooklyn College.
Michael Sutton has worked in some of the largest gold camps in the
world, including Witwatersrand, Timmins, and Kirkland Lake, serving in
various capacities related entirely to the exploration and mining of
gold. Mr. Sutton was awarded the Prospector of the Year for Ontario for
the discovery of the South Mine Complex while he was Chief Geologist
and Assistant Manager at Kirkland Lake Gold Inc. Most recently, he
guided Vault Minerals Inc. as its Vice President of Exploration until
it was taken over by Queenston Mining Inc. Mr. Sutton is a member of
the Association of Professional Geoscientists of Ontario and has been a
member of the Prospectors and Developers Association of Canada since
1982. Mr. Sutton graduated in 1984 from the University of Toronto with
a B.Sc., Geology (honors).
Both Mr. Strauss and Mr. Sutton are also members of the board of
directors of Galway Gold Inc. (TSX-V: GLW) ("Galway Gold"), a company
with certain directors and management in common with the Company.
Galway Gold is one of the two well-capitalized companies (the other
being the Company) spun out in late 2012 from Galway Resources Ltd.
("Galway Resources"), a company founded in 2005 by Robert Hinchcliffe.
Mr. Hinchcliffe went on to raise over $100 million while leading Galway
Resources, and eventually negotiated its sale for $340 million, in
addition to the spin-outs of Galway Gold and the Company.
CAUTIONARY STATEMENT: 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 of
this news release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information
This news release contains forward-looking information which is not
comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events,
results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking information.
Forward-looking information in this news release includes statements
made herein with respect to, among other things, potential acquisitions
of mineral properties. Factors that could cause actual results to
differ materially from such forward-looking information include, but
are not limited to, unavailability of acquisition prospects on
attractive terms or at all, fluctuations in commodity prices, and
volatility in the financial markets. Although the Company believes that
management's assumptions used to develop the forward-looking
information in this news release are reasonable, including that, among
other things, the Company will be able to identify and execute on
opportunities to acquire mineral properties, undue reliance should not
be placed on such information, which only applies as of the date of
this news release, and no assurance can be given that such events will
occur in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information contained herein, whether as a result of new information,
future events or otherwise, except as required by applicable securities
SOURCE: Galway Metals Inc
For further information:
Galway Metals Inc.