St-Georges Platinum Announces Changes to the Board of Directors and Grant of Options
October 22 2010 - 1:49PM
Marketwired Canada
St-Georges Platinum and Base Metals Ltd. (CNSX:SX) announces the nominations of
Mr. David Grand and Ms. Linda Thorstad as Directors of St-Georges Platinum and
Base Metals Ltd. (the "Corporation").
The Directors of the Corporation would like to thank Mr. Peter H. Smith and Mr.
Michael Curtis who resigned recently from the board and wish them well in their
current and future endeavours. The new nominations are subject to regulatory
approval.
Linda Thorstad, MSc, PGeo, FEC
Ms. Thorstad has had a close affiliation with the mining sector for over 30
years. Her mining experience includes roles as president and chief executive
officer of Oremex Resources Inc. and Interaction Resources, vice-president of
corporate relations for Viceroy Resources Corporation, and president of Questore
Consultants. Outside of the mining industry Ms. Thorstad has held numerous
executive roles and directorships including executive director of the Vancouver
Economic Development Commission and vice-president of campaigns for Leading Edge
British Columbia.
Her extensive service to the industry and community includes a term as elected
president of the Association of Professional Engineers and Geoscientists of
British Columbia, a six-year Order in Council appointment to the University of
British Columbia's board of governors, and several advocacy roles on behalf of
the mining industry. She is a registered professional geoscientist in the
province of British Columbia and an honorary fellow of Engineers Canada. In 2002
Ms. Thorstad was awarded the Influential Women in Business Award.
David Grand
Mr. Grand started its Career with Midland Walwyn (then called Walwyn, Stodgell,
Cochran, Murray) in the mid 80's and became a vice-president at TD Evergreen in
the mid-90's. David had a short stay as a Branch Manager with Nesbitt Burns in
the late 90's and then joined Thomson Kernaghan that he left in 2001.
He then joined Desjardins Securities in 2002 in the capacity of Regional Sales
Manager to build their presence in Ontario. In 2005 he took over Octagon
Securities' Retail Division. In December of 2009, Octagon sold its Retail
Division to Global Maxfin that prompted David to join Union Securities in April
2010.
The Directors of the Corporation are honoured by Mr. Grand and Mrs. Thorstad's
agreement to join the Board and their experience and expertise will prove to be
a most important asset to the Corporation in this crucial point of its
evolution.
Grant of Options
Also, subject to regulatory approval, the Board of Directors has approved the
grant of an aggregate of 3,650,000 stock options to directors, officers,
employees and consultants of the Company. The options are exercisable into
common shares of the Company at an exercise price of $0.15 per share, vest
immediately and have a five year term to expiry.
Any common shares issued on the exercise of the stock options will be subject to
a four month hold period commencing from the date of the option grant in
accordance with CNSX policies and applicable securities laws.
About St-Georges
St-Georges is a junior Platinum, Palladium, Rhodium, Copper, Cobalt and Nickel
explorer with projects in Quebec, Canada. Headquartered in Montreal, Quebec, the
company's stock is listed on the CNSX under the symbol SX. It owns a 50%
interest in the Villebon property in Abitibi Quebec, a 100% interest in eight
North Shore properties that constitute the Manicouagan constellation and a 100%
in the Isukoustouc group of properties on the Quebec's North-Shore near the deep
sea port town of Baie-Comeau. For additional information please visit our
website at www.st-georgesplatinum.com
Neither CNSX nor its regulation services provider accepts responsibility for the
adequacy or accuracy of this release.
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