New President and $232,500 Private Placement for Stelmine
2012
MONTRÉAL, QUÉBEC–(Marketwire – June 5, 2012) – Stelmine Canada Ltd. (“Stelmine”) (TSX VENTURE:STH) is pleased to announce the closing of a deal with Québec businesspeople announced on February 13 by which new directors will join the company’s board of directors.
Today, the company announced the appointment of Norman Ross as a member of the board. Mr. Ross was also named President and CEO of the company, replacing Michel Lemay. Mr. Lemay, however, will remain a member of the board for an indefinite period.
Norman Ross is an Administrateur de sociétés certifié (ASC), has an MA in Ethics and has practiced as a lawyer (LL.B.) since 1993 from his Québec and Rimouski offices. Before practicing law, Mr. Ross worked in the financial services industry from 1978 to 1992, dealing in insurance and securities. He has served on numerous company boards and has extensive knowledge of the financial community.
Stelmine’s management is very proud to welcome Mr. Norman Ross to the team and is confident he will play an active role in the management of the company.
The company would also like to announce the closing of a private placement involving the sale of 232.5 Stelmine units at $1,000.00 a unit, totaling $232,500. For this placement, the company will issue 2,325,000 non-flow-through common shares. Each share will include a warrant entitling its holder to purchase one share of the company at a cost of $0.15 for a 12-month period. The issued shares will be escrowed for a period of four months and one day.
A company insider moved $117,500.00 in this placement.
Stelmine Canada Ltd. is a junior exploration company listed on the TSX Venture Exchange under the symbol STH.
The TSX Venture Exchange accepts no responsibility for the relevance or accuracy of this release.
Contact Information
Raymond Cloutier
Company Director
(514) 866-6299
(514) 866-8096 (FAX)
Releases
- Stelmine completes a strategic private placement of $600,050 with a lead order from Palisades Goldcorp Ltd.
- New on Stelmine’s Board of Directors
- Stelmine completes exploration work on its Trieste property
- Stelmine initiates a new exploration campaign on its Joubert gold property
- Stelmine to resume exploration of the Mercator gold property
- Stelmine to launch its exploration campaign
- Stelmine signs three non-disclosure agreements
- Stelmine makes a gold discovery and stakes new claims on the Joubert property
- Stelmine discloses the results of exploration work completed on the gold-bearing zone of its Joubert property
- Stelmine announces the results of its annual meeting of Shareholders
Archives
- December 2020 (2)
- October 2020 (1)
- August 2020 (1)
- July 2020 (2)
- June 2020 (3)
- January 2020 (2)
- October 2019 (2)
- August 2019 (2)
- July 2019 (1)
- June 2019 (1)
- April 2019 (2)
- February 2019 (2)
- January 2019 (1)
- November 2018 (1)
- September 2018 (1)
- July 2018 (2)
- June 2018 (2)
- May 2018 (1)
- April 2018 (3)
- February 2018 (1)
- January 2018 (1)
- December 2017 (2)
- October 2017 (2)
- September 2017 (1)
- August 2017 (1)
- June 2017 (3)
- May 2017 (1)
- April 2017 (1)
- February 2017 (3)
- January 2017 (2)
- December 2016 (3)
- November 2016 (2)
- September 2016 (1)
- July 2016 (6)
- June 2016 (1)
- January 2014 (1)
- June 2012 (2)
- February 2012 (1)
- December 2011 (1)
- February 2011 (1)
- December 2010 (1)
- December 2009 (2)
- October 2009 (1)
- June 2009 (1)
- April 2009 (1)
- June 2008 (1)
- December 2007 (1)
- January 2007 (1)