Ridgemont Welcomes Aaron Wolfe to the Board
May 03 2011 - 9:00AM
Marketwired
Ridgemont Iron Ore Corp. (TSX VENTURE: RDG) ("Ridgemont") is
pleased to announce the appointment of Mr. Aaron Wolfe to
Ridgemont's board of directors. Mr. Wolfe has extensive experience
advising, structuring and financing junior resource companies and
will be instrumental in providing capital markets guidance to
Ridgemont.
Mr. Wolfe currently serves as a Vice President at Forbes &
Manhattan Inc. and is a corporate and business development
consultant to several publicly traded companies in the resource
sectors, including Rodinia Lithium Inc. and Black Iron Inc. where
he serves as Vice President, Corporate Development. Prior to
joining Forbes & Manhattan, Mr. Wolfe was an Investment Banker
with Macquarie Capital Markets Canada Ltd., the Canadian division
of a global investment bank. Prior to this, Mr. Wolfe was an
Associate Consultant with an International management and human
resources consulting firm.
Mr. Wolfe replaces Mr. Stan Bharti effective May 2nd, 2011.
Ridgemont would like to thank Mr. Bharti for his dedicated efforts
and continued support of Ridgemont.
In connection with his appointment, Ridgemont has granted Mr.
Wolfe 200,000 stock options of Ridgemont. The options shall be
exercisable at $0.61 and shall expire on May 2, 2016. The options
remain subject to the receipt of regulatory approval, including the
approval of the TSX Venture Exchange, and shall remain subject to a
statutory four month hold period.
"We are excited to be adding someone with Mr. Wolfe's background
to our board of directors," says Mark Morabito, President & CEO
of Ridgemont. "His expertise will be invaluable in growing
Ridgemont."
About Ridgemont
Ridgemont is an exploration and development company in Canada
and has an option to acquire up to 75% interest in the Redford iron
ore property located 22 kilometres northeast of Ucluelet, in the
Alberni Mining Division, Vancouver Island, British Columbia.
For more information on Ridgemont, please visit our website at
www.ridgemontiron.com.
RIDGEMONT IRON ORE CORP.
On behalf of the Board
Mark J. Morabito, President & CEO
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following
risks: the need for additional financing; operational risks
associated with mineral exploration; fluctuations in commodity
prices; title matters; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts
of interest among certain officers, directors or promoters with
certain other projects; the absence of dividends; competition;
dilution; the volatility of our common share price and volume and
the additional risks identified the management discussion and
analysis section of our interim and most recent annual financial
statement or other reports and filings with the TSX Venture
Exchange and applicable Canadian securities regulations.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and
Ridgemont undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable
securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Ridgemont Iron Ore Corp. Mark J. Morabito President
& CEO 604-681-8030 604-681-8039 (FAX) info@ridgemontiron.com
www.ridgemontiron.com
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