MONTREAL, June 10 /CNW/ - Murgor Resources Inc. (TSX-V: MGR) is pleased
to announce the appointment of Mr. Mark P. Eaton to the Board of Directors of
Mr. Eaton is a private investor and investment professional based in
Toronto, with over 20 years of experience in equity capital markets
specializing in the resource sector.
Mr. Eaton is a graduate of Hull University in England. From 1985 to 1995,
he worked in London, U.K. in institutional equity sales for several leading
Canadian investment dealers. In 1995, Mr. Eaton worked in U.S. institutional
equity sales for Tucker Anthony in Boston, then moved on to New York, where
from 1996 to 1998, he served as Vice President of Global Mining Sales for
Robert Fleming Ltd., a London based Merchant Bank. While at Robert Fleming
Ltd., Mr. Eaton's responsibilities included the marketing of global mining and
From 1998 to 2007, Mr. Eaton held the position of Managing Director of
Global Mining Sales, a division of CIBC World Markets of Toronto Canada.
During this time Mr. Eaton also held the position of Manager of U.S. Equity
Sales for CIBC World Markets, building its teams in Boston and New York to
market the full Canadian products and services of CIBC World Markets.
More recently, Mr. Eaton was a Partner and Director of Loewen Ondaatje
McCutcheon Ltd., a Toronto-based investment dealer where he was also in charge
of Sales and Research.
Mr. Eaton is also on the Board of Directors of UEX Corporation, a
Vancouver-based uranium exploration company trading on the TSX.
Mr. André C. Tessier, President, CEO and Director of Murgor Resources,
stated: "Murgor is very pleased with the addition of Mr. Eaton to its Board of
Directors. Mr. Eaton will strengthen our Board of Directors by bringing his
solid international expertise in the field of corporate finance and his
invaluable knowledge of the market place. He is the perfect addition to
Murgor's highly experienced technical team."
The company also announces that pursuant to its stock plan, it has
granted 200,000 options to directors and employees. These will be exercisable
at a price of $0.50 for a period of five years.
About Murgor Resources Inc.
Murgor Resources Inc. is a mineral exploration company with a focus on
zinc, copper and gold exploration in Canada. In late 2006, Murgor signed six
agreements with HudBay Minerals, acquiring the right to earn a 100% interest
in three deposits with a total NI 43-101 Inferred resource of: 8,666,000 tons
of mineralization, containing 143,150,000 pounds of copper, 430,251,000 pounds
of zinc, 221,000 ounces of gold and 2,526,000 ounces of silver. Murgor has
also acquired from HudBay Minerals, a 50% interest in two highly prospective
grassroots properties, covering more than 1,850 square kilometres adjacent to
the Snow Lake and Flin Flon mining districts. The exploration target for
Murgor consists of deposits in one of the most prolific greenstone belts in
Canada and the world. Murgor also benefits from its association with HudBay
Minerals, one of Canada's most successful mining companies.
This news release includes certain "forward-looking statements". All
statements other than statements of historical fact, included in this release,
including, without limitation, statements regarding potential mineralization,
resources and reserves, exploration results, and future plans and objectives
of Murgor, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from Murgor's expectations are exploration
risks detailed herein and from time to time in the filings made by Murgor with
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: PLEASE VISIT MURGOR'S WEBSITE AT WWW.MURGOR.COM
OR CONTACT: André C. Tessier, President & CEO, MURGOR RESOURCES INC., Tel:
(613) 546-7503 or 1-888-891-3330, Fax: (613) 546-7318, E-mail:
firstname.lastname@example.org; Michael Joyner, Investor Relations, THE EQUICOM GROUP, Tel:
(416) 815-0700 or 1-800-385-5451 ext 275, Fax: (416) 815-0080, E-mail: