Shares Outstanding; 363 Million
Symbol & Exchange: BN-TSX
MONTREAL, Jan. 13 /CNW Telbec/ - Mr. Michael Judson, President and CEO of
Blue Note Mining Inc., reports the appointment of Mr. Robert Therriault as
Vice President, Finance and Chief Financial Officer.
Mr. Therriault has extensive experience in finance, investment and
administration with both private and public companies, including banking and
project financing of natural resource companies. He holds an MBA from McGill
University and a Bachelor's of Commerce from Carleton University.
Blue Note is the owner and operator of the Caribou lead-zinc mines near
Bathurst, New Brunswick. It also is the owner of a substantial number of gold
and base metal exploration properties in the area. In December of 2008 the
Company reported a significant gold discovery near its Caribou mines. Blue
Note recently put the Caribou mines on care and maintenance until the prices
for zinc and lead return to higher levels.
On December 23, 2008, Blue Note had granted stock options to officers,
directors, employees and consultants of the Company. A total of 16,050,000
incentive stock options were issued under the company's stock option plan with
an exercise price of $0.05 per share, 9,000,000 of which were issued to
Former Vice President, Finance and Chief Financial Officer, Vince
Portulese resigned to pursue other opportunities. "Vince performed brilliantly
and we will miss him," said Mr. Judson.
Blue Note Mining is a Canadian mining company headquartered in Montreal
with operations in Bathurst, New Brunswick. The company's shares trade on the
TSX Exchange under the symbol BN.
This news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws that involve
risks and uncertainties. Although the company believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurances that its expectations will be achieved.
Factors that could cause actual results to differ materially from expectations
include the effects of general economic conditions, actions by government
authorities, uncertainties associated with contract negotiations, additional
financing requirements, market acceptance of the Company's products and
competitive pressures. These factors and others are more fully discussed in
Company filings with Canadian securities regulatory authorities.
The TSX does not accept responsibility for the adequacy or accuracy of
this news release.
For further information:
For further information: Lorne Woods, VP Investor Relations, Blue Note
Mining, (800) 937-3095, firstname.lastname@example.org; www.bluenotemining.ca