TSX VENTURE EXCHANGE: WAI
VANCOUVER, May 12 /CNW/ - West African Iron Ore Corp (TSX-V:WAI) is pleased to announce the appointment of Jonathan Challis to the Board
of West African Iron Ore Corp. ("West African" or the "Company"). Mr.
Challis is a mining engineer with over 30 years' experience in the
operation, management, financing and analysis of mining projects around
the world. Mr. Challis has an honors degree in Mineral Exploitation
and an MBA. Mr. Challis started his professional life as a Mining
Engineer with Gold Fields of South Africa Limited in 1974 before
returning to Europe where he worked as a mining analyst and project
financier for several European institutions. He subsequently joined
McLeod Young Weir in London in 1987 as a mining analyst prior to
relocating to Toronto in 1990. In 1994, he joined CM Oliver in Toronto
as a Director and Senior Mining Analyst, prior to moving back to London
where he was instrumental in establishing a European presence for that
company. In 1997, he joined Ivanhoe Capital Corporation and was
involved in numerous early stage exploration ventures in diverse
locations. He has subsequently been involved in several Canadian
resource companies in the roles of CEO, President and Director. Mr.
Challis is currently a Director and CEO of SEAM Ltd., a private UK
based mineral exploration company active in Eastern Africa. Mr.
Challis is also a Director of Peregrine Diamonds Ltd. (TSX:PGD);
Peregrine Metals Ltd. (TSX:PGM); Sunward Resources Ltd. (TSX-V:SWD);
and Rye Patch Gold Corp. (TSX-V:RPM).
Pursuant to the Company's stock option plan, the Board of West African
has granted 1,000,000 incentive stock options to Mr. Challis
exercisable at $0.38 for a period of ten years, subject to regulatory
Mr. William Hayden has resigned from the Board of West African due to
other commitments. The Board would like to thank Mr. Hayden for his
contributions to the Company.
ON BEHALF OF THE BOARD
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE West African Iron Ore Corp.
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