VANCOUVER, Sept. 12, 2012 /CNW/ - September 12, 2012 - Search Minerals Inc. ("Search" or the "Company")
(TSXV: SMY) is pleased to announce that, effective today, Stephen Keith and
Alexandre Penha will be joining the Company's board of directors.
Jim Clucas, President and CEO of Search states, "Search is delighted to
welcome Stephen Keith and Alexandre Penha to the Board of Directors.
Their appointments will both strengthen and broaden the expertise of
the Company as it works to transition from an exploration company to a
Mr. Keith has worked on projects in more than 30 countries, with a
concentration in Latin America. He has over 15 years of experience
working with mining and energy companies, spearheading projects through
feasibility studies, engineering design, project management and
construction. He has engaged in over CDN$2 billion in financings and
merger and acquisition deals for natural resource projects. Mr. Keith
is currently the President and Chief Executive Officer of Rio Verde
Minerals Development Corp. (TSX:RVD). In addition to his work with Rio
Verde, he is on the Board of Directors of Aura Minerals Inc. Mr. Keith
has previously held the titles of Vice President, Corporate Development
at Plutonic Power Corporation; Director, Investment Banking at Thomas
Wiesel Partners; Vice President, Investment Banking at Westwind
Partners Mining Group; and Manager, Technical Services with Knight
Piesold Consulting. He holds a BSc, Applied Science (Queen's
University), an International MBA (York University, Schulich School of
Business) and a PEng (Ontario and British Columbia).
Mr. Penha has eight years of mining, corporate development, research and
investment banking experience, and he currently holds the title of
General Manager, Corporate Development at Rio Novo Gold (TSX: RN) and
Vice-President, Corporate Development at Rio Verde Minerals Development
Corp. (TSX: RVD). His past roles have included Vice President, Research
and Corporate Development at Tau Capital Corp. in Toronto; Gold
Research Associate at both Merrill Lynch Canada and Clarus Securities
Inc.; and as an Investment Banker in the Mining Group of Thomas Weisel
Partners Canada. Mr. Penha also worked for over five years in Corporate
Finance at Banif Investment Banking, and other capital markets
institutions based in Brazil. He is a member of the Board of Directors
of the Brazil-Canada Chamber of Commerce, and he holds an MBA (York
University, Schulich School of Business), a B.Sc. Economics, (Rio de
Janeiro State University) and a Post-Degree in Corporate Finance
(Getulio Vargas Foundation, Rio de Janeiro).
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 of the adequacy or accuracy of this release.
About Search Minerals
Search Minerals Inc. (TSXV:SMY) is a TSX Venture Exchange listed
company, headquartered in Vancouver, B.C. Search is the discoverer of
the Port Hope Simpson REE District, a highly prospective light and
heavy REE belt located in southeast Labrador where the company controls
a dominant land position in a belt 135km long and up to 12km wide. In
addition, Search has a number of other mineral prospects in its
portfolio located in Newfoundland and Labrador, including a number of
claims in the Strange Lake Complex, where Quest Rare Minerals has an
earn-in agreement with the Company; and at the Red Wine Complex, where
Great Western Minerals Group has a Joint Venture with the Company.
Furthermore, Search Minerals is the owner of patents relating to the
Starved Acid Leaching Technology ("SALT"), a process with the potential
to economically recover nickel and cobalt from known deposits currently
considered sub economic.
Search Minerals is led by a management team and Board of Directors with
a proven track record in the mining industry. The Company has
experienced geological and metallurgical teams led by Dr. Randy Miller
and Dr. David Dreisinger respectively.
All material information on the Company may be found on its website at www.searchminerals.ca and on SEDAR at sedar.com.
This news release contains forward-looking statements that are not
historical facts. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially from these
forward-looking statements include those risks set out in Search's
public documents filed on SEDAR at www.sedar.com. Although Search believes that the assumptions and factors used in
preparing the forward-looking statements are reasonable, undue reliance
should not be placed on these statements, which only apply 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. Except where
required by law, Search disclaims any intention or obligation to update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
SOURCE: Search Minerals Inc.
For further information:
President & Chief Executive Officer