TSX: ST and ST.WT
TORONTO, June 15 /CNW/ - Stonegate Agricom Ltd. ("Company") (TSX: ST) today announced the appointment of Michelle Stone, Ph.D., P.Geo as Vice President of Exploration and Wayne Cheveldayoff as Vice President of Investor Relations.
"We are pleased to have attracted Michelle and Wayne to assume important roles in the future development of the Company. Michelle will be responsible for the definition and exploration drilling we are planning for both the Mantaro and Paris Hills phosphate projects and Wayne will be focused on broadening investor awareness of the great potential of these projects to enhance value for shareholders," said Mark Ashcroft, President and Chief Executive Officer.
Dr. Stone, who has a Ph.D. in Geology from the University of Western Australia, brings over sixteen years of exploration and mining experience to the Company, including industrial minerals and base and precious metals in Australia and North and South America. She has been involved in the advancement of projects from exploration through to the production stage, and has held positions with major international and Canadian-based junior exploration and mining companies. She most recently served as an independent consultant.
Mr. Cheveldayoff has been Director of Investor Relations for Thompson Creek Metals Company Inc. since January 2007. He previously was Senior Associate with Toronto-based investor relations agency Wertheim + Co. from 2001 to 2007 and has extensive experience in the investment and media industries, having served as an investment advisor with RBC Investment, an institutional bond salesman with CIBC World Markets, and a financial journalist with the Globe and Mail.
About Stonegate Agricom
Stonegate Agricom, which is actively engaged in acquiring and developing agricultural nutrient projects, is currently focused on the development of two potentially world-class, long-life phosphate deposits, the Mantaro Phosphate Project located in Peru and the Paris Hills Phosphate project located in Idaho. Stonegate is confident that the two deposits have sufficient size and grade and are in the right locations to become strategic, cost-effective sources of phosphate supply for major fertilizer producers. The Company intends to conduct definition and exploration drilling to confirm and expand estimates of NI 43-101 compliant mineral resources and reserves in the deposits and then complete feasibility studies leading to a decision to proceed with extracting and processing the phosphate. More information is available at www.stonegateagricom.com.
Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable law. Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company as at the date of such information. Forward-looking statements and forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements and forward-looking information, including but not limited to: the general risks associated with the speculative nature of the Company's business, commodity prices, current global financial conditions, uncertainty of additional capital, price volatility, the Mantaro and Paris Hills projects are advanced exploration stage projects, limited operating history, no history of earnings, government regulation in the mining industry, environmental risks and hazards, impending climate change legislation, required approvals and permits, foreign subsidiaries, political and economic risk in Peru, risks relating to the retention of the Mantaro project, risks relating to the retention of the Paris Hills project, expiration of leases and permits for the Paris Hills Project, title to mineral properties, obtaining and converting mineral concessions and surface rights, community relations and project support, water rights, exploration, development and operating risks, uncertainty in the estimation of mineral resources, uncertainty of inferred mineral resources, mineral exploration, reliability of historical exploration work, absence of public trading market, risks associated with having a controlling shareholder, arbitrary offering price, dilution to the common shares, dependence on key personnel, currency fluctuations, insurance and uninsured risks, competition, legal proceedings, conflicts of interest and lack of dividends as well as those factors discussed in the section entitled "Risk Factors" in the Company's preliminary prospectus. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or forward-looking information. The forward-looking statements and forward-looking information contained in this press release are included for the purpose of providing investors with information to assist them in understanding the offering as well as the Company's expected financial and operational performance and may not be appropriate for other purposes. Stonegate does not undertake to update any forward-looking statement or forward-looking information that is included herein, except in accordance with applicable securities laws.
SOURCE Stonegate Agricom Ltd.
For further information: For further information: Wayne Cheveldayoff, Vice President, Investor Relations, Stonegate Agricom Ltd., Tel: 416-864-0303, firstname.lastname@example.org; Christine Stewart, Renmark Financial Communications Inc., Tel: 416-644-2020, email@example.com