TORONTO, June 15 /CNW/ - Cline Mining Corporation (TSX: CMK) ("Cline" or "The Company") is pleased to announce that at the Annual and a Special Meeting of the Shareholders held on June 11, 2010, Mr. Peter Elzinga was elected to the Board of Directors of the Company.
Mr. Elzinga brings to Cline's Board a wealth of board-level experience, corporate governance expertise and a long history of public service. A member of the Chamber of Commerce and a graduate of the Institute of Corporate Directors, he currently serves as President of Elicia Holdings Ltd., Chairman of the Alexis Paragon Board and Chairman of Servus Credit Union. Mr. Elzinga has held the positions of Executive Director of the Progressive Conservative Association of Alberta, and President of the Progressive Conservative Association of Canada. He also serves on The Peter Elzinga Family Foundation, which was established to provide educational scholarships to those in financial need.
"The addition of Mr. Peter Elzinga to the Board of Directors greatly strengthens Cline's team of highly experienced Directors, Officers and Senior Management who bring a balance of operational, financial and managerial expertise to the Company," said the Hon. Bill McKnight, Chairman. Mr. Elzinga joins the Honourable Bill McKnight P.C., Chairman of the Board, Senator David Tkachuk, Dale Hendrick P.Eng, Shinji Koyanagi, and Kenneth Bates on Cline's Board of Directors.
About Cline Mining: Cline has significant metallurgical coal property interests in British Columbia, Canada and in Colorado, U.S.A. with NI 43-101 compliant independent Technical Reports. Cline Mining Corporation is a mine development company focused on the exploration and development of metallurgical steel making coals in Canada and the U.S., iron ore in Madagascar and the Cline Lake Gold Mine Property in northern Ontario, Canada.
CLINE MINING CORPORATION
Ken Bates, President and Chief Executive Officer
This news release may contain forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities laws), including information relating to the use of proceeds from the Offering, the magnitude or quality of mineral deposits, the economic assessment and estimates regarding the mine life of the New Elk coal mine, and the timing and completion of financings. The timing of drilling and work recommended by the NI 43-101 Technical Report is based on current internal expectations, which may prove to be incorrect. Other risk factors are discussed under "Risk Factors" in Cline's Annual Information Form for its 2009 financial year end, and include management's ability to anticipate and manage risk factors. Such forward-looking statements necessarily involve known and unknown risks and uncertainties that are common to junior mineral exploration companies. These risks and uncertainties include, among other things, the Company's need for additional funding to continue its exploration efforts, changes in general economic, market and business conditions, and competition for, among other things, capital and skilled personnel. These statements are not a guarantee of future performance and undue reliance should not be placed on them. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable laws. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings.
SOURCE Cline Mining Corporation
For further information: For further information: Head Offices: Toronto Office: TD Canada Trust Tower, 161 Bay Street, 27th Floor, Toronto, ON, M5J 2S1; Vancouver Office: Suite 2950-650 West Georgia Street, Vancouver, BC, V6B 4N8; Contacts: Ken Bates, President and CEO, Ernest Cleave, Vice-President and CFO, Office: (416) 572 2002, Email: firstname.lastname@example.org, Website: www.clinemining.com