(DNI : TSX-Ven, DG7 : Frankfurt)
TORONTO, Nov. 14 /CNW/ - Dumont Nickel Inc. (DNI:TSX-Ven, DG7:FSE) is
pleased to announce the appointment of Mr.Colin A. Grant CA as Chief Financial
Officer. Mr.Grant is a chartered accountant who obtained his designation from
the Institute of Chartered Accountants of Scotland in 1973 and from the
Ontario Institute of Chartered Accountants and Chartered Accountants of Canada
in 1982. He has spent over 25 years as a financial executive both in junior
public companies and in large corporations in various industries. He brings to
DUMONT a wealth of experience and knowledge in public company accounting,
finance, and corporate governance. He replaces Mr.Howlett, who left the
Company in August to pursue other business interests. Mr.Grant currently also
serves as CFO of Argenta Oil & Gas Inc. (TSXV-AZA).
Dumont also announces that it has granted 1,550,000 stock options,
pursuant to the Company's Stock Option Plan, to its employees, directors and
officers, to allow for the purchase of up to an aggregate of 1,550,000 common
shares at a price of 15 cents per share for up to five years. An aggregate of
1,300,000 of the options were granted to officers and directors.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Dumont is a mineral exploration company with operations in Ontario, Utah,
Nevada and Arizona. DUMONT is Operator of the Utah Joint Venture which
controls approximately 15 square miles of mineral properties across the
historic Clifton-Gold Hill gold-silver-copper Mining District. DUMONT
continues to expand its portfolio of uranium exploration projects across
established historic mining districts, and is currently exploring two
Properties in Utah and Arizona. Dumont holds one of the most prospective land
positions in the Attawapiskat diamond area in the James Bay Lowlands, Ontario,
with a carried interest in the Dumont Joint Venture exploring the area through
Metalex Ventures Limited and others under the direction of Mr.Charles Fipke.
All of DUMONT's properties are being actively explored either directly by
Dumont or via joint venture.
DNI - TSX Venture
DG7 - Frankfurt
For further information:
For further information: Dumont Nickel Inc. - Shahe Sabag, President &
CEO or Denis Clement, Chairman, (416) 595-1195, email email@example.com,
also visit www.dumontnickel.com