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CALGARY, May 6, 2014 /CNW/ - Boxxer Gold Corp. (BXX-TSXV/OTC-BXXRF) ("Boxxer"): Boxxer is pleased to provide an update on corporate activities including a corporate re-organization. In keeping with ongoing corporate succession planning and reflecting the new business model, Boxxer is pleased to make the following announcements:
a) Mr. Jason Riley has been appointed President and Chief Executive Officer of Boxxer,
b) Mr. Elmer B. Stewart has accepted the position of interim Chief Operating Officer. Mr. Stewart will remain as a director of Boxxer,
c) Ms Sophia Leung, will be appointed to the Board of Directors of Boxxer subject to the approval of the TSX-V, and
d) In line with Boxxer's stock option plan, the board of directors of Boxxer has granted XXXXXX options to officer, directors and consultants of Boxxer.
Mr. Jason Riley, President of Boxxer stated "On behalf of Boxxer, I wish to thank Mr. Stewart for all of his past efforts and foresight in assembling our tremendous portfolio of copper projects. I look forward to our continued success in working together and also want to welcome Ms. Leung to the board of directors."
The appointment of Ms. Leung to the Board of Directors of Boxxer, is subject to approval by the TSXV. Ms. Leung is a Member of the Order of Canada, and was previously the Chief Executive Officer and a director of Key Venture Capital. Ms. Leung obtained a Bachelor of Science at the University of Pittsburgh, U.S.A. in 1957 and a Masters Degree from the University of British Columbia in 1966. She has focused her career in community development and public services as a member of Parliament in the House of Commons from 1997 to 2004. Ms. Leung also serves as a director of GLG Life Tech Corp. (since 2007), a public company which supplies high grade stevia extracts, a natural, zero-calorie sweetener used in food and beverages.
Chief Operating Officer:
Mr. Stewart has accepted this position on an interim basis to provide ongoing technical support for Boxxer as it continues to execute its business model. Mr. Stewart's technical experience in domestic and international exploration and mining over the past 38 years is instrumental in directing the ongoing work on current projects and future projects related to our business model of pursuing joint ventures, royalty acquisitions and consolidation within the junior mining sector.
Stock Option Grant:
In line with its stock option plan, Boxxer has granted 24,300,000 options to officers, directors and consultants. The options are exercisable at a price of $0.05 per share and subject to vesting provisions.
About Boxxer Gold Corp.
Boxxer is a Canadian junior resource company involved in the exploration for large polymetallic copper deposits in North America. Boxxer's active projects include the Boss and Buena Vista copper projects in the state of Nevada, the Empire copper-gold-silver property in Idaho, the DOK copper-gold porphyry property in Northwest B.C., and the East Breccia copper-silver-molybdenum property in Ontario. Boxxer also has the Gordon Lake gold project located 110 kilometres north of Yellowknife NWT, Canada.
For more information on Boxxer please visit our website at www.boxxergold.com or contact Boxxer Gold Corp.
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.
Forward-Looking Information: This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this news release contains forward-looking information regarding: the appointment of Sophia Leung to the Board of Directors of Boxxer; the appointment of Mr. Stewart as Chief Operating Officer and the granting of stock option to officers, directors and consultants of the corporation. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Boxxer's current beliefs and is based on information currently available to Boxxer and on assumptions Boxxer believes are reasonable. These assumptions include, but are not limited to: the acceptance by the TSXV of Ms. Leung as a director of Boxxer, the appointment of Mr. Stewart as Chief Operating Officer of Boxxer and the granting of stock options. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of Boxxer to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities and junior market securities; the actual results of Boxxer's business operations including its exploration operations; natural resource company market conditions and the market conditions of the natural resource industry in general; competition; changes in legislation, including environmental legislation, affecting the Boxxer; timing and availability of external financing on acceptable terms; and lack of qualified, skilled labour or loss of key individuals. A description of additional assumptions used to develop such forward-looking information and a description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Boxxer's disclosure documents on the SEDAR website at www.sedar.com. Although Boxxer has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Boxxer does not undertake to update any forward-looking information except in accordance with applicable securities laws.
SOURCE: Boxxer Gold Corp.
For further information: Boxxer Gold Corp., Jason Riley, President and Chief Executive Officer, 403-264-4811, Email: [email protected]; Macam Investor Relations, Cam Macdonald, President and CEO, 403-452-6600, Email: [email protected]