VANCOUVER, Oct. 14 /CNW/ - Logan Resources Ltd. (TSXV: LGR) ("Logan") is
pleased to announce that Mr. James Stewart and Mr. Shaun Maskerine have been
appointed to Logan's Board of Directors. Mr. Stewart has also been appointed
President of Logan, while Mr. Maskerine has been appointed as its Chief
Executive Officer. In order to facilitate these appointments, Mr. Seamus Young
has resigned as Logan's President and Chief Executive Officer and Ms. Judith
Mazvihwa has agreed to resign as a director. Mr. Young has been appointed as
Chairman of the Board of Directors of Logan and will continue to be involved
in Logan's exploration activities.
Mr. Stewart is an accomplished lawyer who has practiced law in both
private practice and as corporate counsel since 1984. He has extensive
experience in the fields of mining, corporate finance and securities law. Mr.
Stewart has served as a director or senior officer for numerous public
companies in addition to being involved in mineral exploration and development
projects throughout North, Central and South America, Africa and Australia.
Mr. Maskerine has considerable experience in the structuring and
administration of public resource companies. He has been involved in venture
capital and public companies for over 12 years and in that time has held a
number of senior management and board positions. Mr. Maskerine is a director
of Waratah Coal Inc., an Australian coal exploration company and was most
recently Vice President, Investment Banking at a Vancouver based natural
Mr. Young has been President and CEO of Logan since 1992 and since that
time has assembled an excellent portfolio of highly prospective mineral
resources properties throughout Canada. Mr. Stewart and Mr. Maskerine are
excited about the potential of these projects and both look forward to working
with Mr. Young to move them forward. In the short to medium term, Logan will
focus its efforts on further exploration and development of its Brynnor Iron
Deposit on Vancouver Island. The initial NI 43.101 compliant resource estimate
and preliminary assessment for this 100% owned project was announced on
September 9, 2008.
Logan Resources Ltd. is a mineral exploration company that specializes in
acquiring, exploring and advancing early-stage Canadian mineral properties.
For more information on Logan and its diversified property portfolio, please
visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.
Statements contained in this news release that are not historical facts
are forward-looking statements, which are subject to a number of known and
unknown risks, uncertainness and other factors that may cause the actual
results to differ materially from those anticipated in our forward-looking
statements. Although we believe that the expectations in our forward-looking
statements are reasonable, actual results may vary, and we cannot guarantee
future results, levels of activity, performance or achievements.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: Seamus Young, Chairman or Shaun Maskerine,
Chief Executive Officer at (604) 689-0299