Kenai Appoints New Director and Announces Granting of Stock Options
October 01 2010 - 4:11PM
Marketwired
Kenai Resources Ltd. ("Kenai") (TSX VENTURE: KAI) is pleased to
announce the appointment of David Paterson to Kenai's Board of
Directors. Mr. Paterson is a Fellow of the Institute of Chartered
Accountants in England and Wales and brings to Kenai more than
thirty-five years experience in corporate finance.
Mr. Paterson founded HSBC Private Equity Management Limited
("HPEM") in 1987. HPEM became the largest private equity manager in
South East Asia with over US$1,100 million under management, the
majority of which came from US corporate and public pension funds.
Mr. Paterson sold his shareholding in HPEM to HSBC in February 1998
and has since been retired. He has been a director of several
publicly listed companies in Hong Kong, South Korea, London and
Canada. He is currently a director of Chepstow Capital Advisors
Limited and Interactyx Limited, a UK company involved in digital
learning systems. In 2007, Mr. Paterson was appointed an Honorary
Professor of The China University of Political Science and Law,
Beijing.
Kenai further announces the granting of incentive stock options
to its directors, officers, employees and consultants to purchase
up to 1,200,000 common shares in its capital stock at a price of
$0.265 per share, exercisable for a period of five years.
On behalf of the Board
Kenai Resources Ltd.
Daniel Kunz, Chairman and President
Forward-Looking Statements: Statements in this release that are
forward-looking statements are subject to various risks and
uncertainties concerning the specific factors disclosed and
elsewhere in the company's periodic filings with Canadian
securities regulators. The economic viabilities of the resources
estimates discussed in the release have not been established and
may not be. Such information contained herein represents
management's best judgment as of the date hereof based on
information currently available. The company does not assume the
obligation to update any forward-looking statement.
Shares Outstanding: 31,231,734
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.
Contacts: Kenai Resources Ltd. 604-669-5753 604-688-9895 (FAX)
info@kenairesources.com
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