Trading Symbol: TSX-V: ZFR
Shares Outstanding: 33,395,961
HALIFAX, Feb. 16, 2016 /CNW/ - The Board of Directors of Zephyr Minerals Ltd. ("Zephyr" or the "Company") (TSX-V: ZFR) is pleased to announce the appointment of Sean Tufford as vice president, corporate development.
David Felderhof, executive vice president stated "We are very pleased to welcome Mr. Tufford to the Company. Sean has developed an extensive network of industry contacts throughout North America and Europe, which combined with his strong marketing communications skills, passion and energy, should prove to be a great asset to the Company and its shareholders as we continue to advance our high grade gold property in Colorado, USA."
Mr. Tufford of Halifax, Nova Scotia, has been actively involved in the mineral resource industry for many years and has held executive level mining positions with past experience in raising capital, mergers and acquisitions, and successfully marketing exploration, development and production mining projects. Prior to joining Zephyr Minerals Mr. Tufford held the position of vice president, corporate development for GoGold Resources Inc. a position he held for five years. Previous to GoGold Mr. Tufford was with Brigus Gold Corp., which company resulted from a merger between Linear Gold Corp. and Apollo Gold Corp. in 2010. Prior to entering the mining industry, Mr. Tufford held senior level positions for M5 Marketing Communications and Provincial Aerospace Limited. Mr. Tufford brings energy and an international roster of trusted relationships to his position with Zephyr Minerals.
The position is for an initial term of one year. The Company will grant Mr. Tufford 300,000 stock options to purchase common shares of the Company for a period of 5 years. The stock options vest upon grant and are weighted equally with exercise prices of $0.15, $0.20, and $0.25. The options will be granted in accordance with the Company's stock option plan and as set forth by TSX Venture Exchange policy. The options are subject to the approval of the TSX Venture Exchange.
About Zephyr Minerals Ltd.
Zephyr Minerals Ltd. is a gold exploration and development company focused on advancing its flagship high grade Dawson Gold Project in Colorado, USA. Zephyr has commenced engineering and development studies with a goal of completing a Preliminary Economic Assessment (PEA) as part of its efforts to advance the Dawson Project with the ultimate goal of production.
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The forward-looking statements contained in this document are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
SOURCE Zephyr Minerals Ltd.
For further information: David Felderhof, Director and Executive VP or Sean Tufford, VP Corporate Development, T: 902 446-4189 - F: 866 941-4715