VANCOUVER, April 17, 2013 /CNW/ - Cannon Point Resources Ltd. (the "Company") announces that David Farrell has been appointed President and a director. Gordon Keep has resigned as President and a director of the Company and the Board would like to thank him for his services. Mr. Keep remains as an advisor to the Company through his role with Endeavour Capital & Advisory Ltd.
In connection with the foregoing appointment and pursuant to the Company's Stock Option Plan, a total of 100,000 incentive stock options have been granted to David Farrell. The options are exercisable at a price of $0.16 per share for a period of 10 years, subject to regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS
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 NEWS RELEASE
SOURCE: Cannon Point Resources Ltd.
For further information:
Tel: (604) 609-6110