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.