CALGARY, Nov. 15, 2012 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) has filed on SEDAR its interim condensed financial statements ("Financial Statements") and related management's discussion and analysis ("MD&A") for the three and nine month periods ended September 30, 2012. Financial Statements and MD&A are available for review at www.sedar.com.
First Mountain is pleased to announce the appointment of Mr. Bill Slipp as Vice President, Business Development and Land effective November 13, 2012, subject to the approval of the TSX Venture Exchange. Mr. Slipp is a landman and has held senior management positions in both public and private oil and gas companies over his 34 year career. First Mountain is pleased to have Mr. Slipp join First Mountain's executive team and we are confident that his experience will be beneficial in assisting with the growth and diversification objectives of the Company.
In addition, First Mountain announces the departure of Mr. Brad Barton as Vice President, Engineering and Chief Operating Officer. The Company thanks Mr. Barton for his contributions and wish him well in his future endeavors.
The board of directors of the Company has approved the granting of options to employees. Stock options were issued under the stock option plan approved by the shareholders. A total of 700,000 stock options were issued at an exercise price of $0.11, all of which were issued to the Vice President of Finance and CFO and the newly appointed Vice President of Business Development and Land, both of whom are insiders.
SOURCE: First Mountain Exploration Ltd.
For further information:
President, Chief Executive Officer and Director
First Mountain Exploration Ltd.
Telephone: (403) 453-2266