Shares outstanding: 281 Million
Symbol & Exchange: BN-TSXV
MONTREAL, June 13 /CNW Telbec/ - Peter D. Watson, Chairman of Blue Note
Mining Inc. is pleased to announce the election of three new members to its
board of directors at its recent Annual General Meeting. The new directors are
Sir Nicholas Bonsor, Peter Cox and Gordon Ulrich.
"We are very pleased to have these gentlemen join our Board," said
Watson. "With their vast and divergent backgrounds they bring a wealth of
experience to Blue Note."
Sir Nicholas Bonsor was a Member of the British Parliament and Foreign
Office Minister of State from 1979 to 1997, specializing in foreign affairs
and defense. Sir Nicholas earned a Masters degree in Jurisprudence and
qualified for the Bar in 1967.
Peter Cox was Chief Financial Officer of Agricore United from 1994 to
2006. Agricore is one of Canada's leading agri-businesses with extensive
operations and distribution capabilities across Western Canada. Mr. Cox holds
a B.A. in Economics, an M.B.A. and obtained his C.M.A. designation in 1985.
Gordon Ulrich has worked in the mining industry for over four decades,
most notably as President and CEO from 1990 to 2001 of Luscar Ltd., a major
coal producer. He currently is a director of several companies, Alberta
government agencies and not for profit organizations.
Mr. Ulrich holds a B.A.Sc. and an M.B.A. from the University of British
Columbia and is a Professional Engineer registered in the provinces of Alberta
and British Columbia.
The new Board members will each be granted 1,000,000 incentive stock
options exercisable at $0.53 with an expiry date of June 12, 2012. There will
be a four-month hold period expiring on October 12, 2007.
Also at the AGM Andre Audet, Jean Girard and John Mavridis completed
their tenures as members of the Board.
"I am grateful to Andre, Jean and John for the guidance they have
provided to Blue Note from its inception," said Michael Judson, President &
CEO of Blue Note.
Blue Note Mining is a mineral exploration and mine development company
with properties in New Brunswick. The company's shares trade on the TSX
Venture Exchange under the symbol BN.
This news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws that involve
risks and uncertainties. Although the company believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurances that its expectations will be achieved.
Factors that could cause actual results to differ materially from expectations
include the effects of general economic conditions, actions by government
authorities, uncertainties associated with contract negotiations, additional
financing requirements, market acceptance of the Company's products and
competitive pressures. These factors and others are more fully discussed in
Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
For further information:
For further information: Lorne Woods, Vice President, Investor
Relations, Blue Note Mining, 1-800-937-3095, email@example.com;