VANCOUVER, Sept. 15, 2014 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce an addition to its Board of Directors together with increased responsibilities for an existing Board member.
The Board has appointed Keith C. Minty, P.Eng., to the Board of Directors. Mr. Minty's mineral resource development experience spans more than 25 years of project exploration, valuation, feasibility studies, financing, construction and operations. These open pit and underground projects have been located in the Americas, Middle East, Asia and Africa and span base, precious and platinum group metals, and industrial minerals.
From 2008 to 2013, Mr. Minty was the Chief Operating Officer for Thani Emirates Resource Holdings Ltd., a subsidiary of Thani Investments, a private venture capital group based in Dubai, United Arab Emirates. Since January 2014, he has been based in Toronto, ON, as Senior VP of Stope Capital Advisors Inc. In addition, he is President and CEO of Hunter Bay Minerals Plc. and is a director of Auryn Resources Inc. Mr. Minty obtained his B.Sc. in Mining Engineering from Queen's University, Kingston, ON, in 1978.
The Company is also pleased to announce that Nico Civelli, a current director, will additionally serve as Vice-President Finance. Mr. Civelli is VP Finance of Pacific LNG Operations Ltd., which recently sold its interest in a world-class gas field to Oil Search Limited for USD $900 million. The recent completion of this transaction enables Mr. Civelli to dedicate more of his time and financial expertise to Callinex's portfolio of exploration and development projects.
Max Porterfield, President and CEO, stated: "The Company has already benefited from Nico's international contacts and experience since he joined the Board last year. We applaud his recent success with Pacific LNG and look forward to his efforts on behalf of Callinex going forward.
"We also welcome Keith Minty to the Board and will certainly take advantage of his comprehensive technical experience in the development of both open pit and underground mines as we continue to evaluate our existing projects and pursue new acquisition opportunities."
Commenting on his appointment, Mr. Minty stated, "I look forward to assisting the Callinex board and operational team in the development of existing and new project opportunities during the Company's exciting growth programs now underway."
In other business, the Company has granted a total of 275,000 stock options to officers, directors, consultants and employees of Callinex. The options were granted for a period of five years, expiring on September 12, 2019. Each stock option will allow the holder to purchase a common share of Callinex at an exercise price of $0.29.
About Callinex Mines Inc.
Callinex Mines Inc. owns a portfolio of Canadian exploration assets in various stages of development. The portfolio consists of gold, silver, copper, molybdenum, lead, zinc, nickel, and graphite projects located in the provinces of Manitoba and British Columbia.
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.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. Callinex does not assume the obligation to update any forward-looking statement.
SOURCE: Callinex Mines Inc.
For further information: Callinex Mines Inc., Max Porterfield, President and Chief Executive Officer, Phone: (604) 605-0885E-mail: [email protected]