Skybridge Announces Additions to the Board of Directors
August 01 2008 - 10:55AM
Marketwired
THUNDER BAY, ON is pleased to announce the new appointment of
Mario Stifano, CA and William McCrindle, to the Board of Directors
of the Company at its Annual and Special Meeting of shareholders
held on July 30, 2008.
Mario Stifano is a Chartered Accountant with wide experience in
corporate finance and business development. He has held senior
positions at Noranda Inc., IA Sciences, Newcourt and
PricewaterhouseCoopers and is currently Chief Financial Officer at
metals producer Ivernia Inc. William McCrindle was a founding
director and President (and subsequently VP) of Cumberland
Resources Ltd. from October 1982 to June 2003 and President and
director of Berland Resources Ltd. From October 1997 to June
2002.
The current Board of Directors as elected by shareholders at the
Annual and Special Meeting of Shareholders now consists of Ewan
Downie, Chairman, Abraham Drost, John Seaman, Malcolm Downie, Mario
Stifano and William McCrindle. All other resolutions proposed were
approved by the shareholders including approval of Grant Thornton
LLP, Chartered Accountants as Auditors of the Company, approval of
the 2008 Stock Option Plan, continuation of the Company from
British Columbia to Ontario and approval of new Bylaws for the
Corporation.
Officers of the Company reappointed by the Board of Directors
include Abraham Drost, President and CEO, John Seaman, Chief
Financial Officer, Gordon Yule, Executive Vice President, Steven
Filipovic, Vice President Finance, Guy Laberge, Vice President
Corporate Development, Daniel Mechis, Treasurer and Shaun Drake,
Secretary.
Skybridge also announces that it has granted 950,000 options to
purchase common shares of the Company to officers, directors,
employees and consultants to the Company, at an exercise price of
$0.65 per share, expiring July 30, 2013, under the 2008 Stock
Option Plan. The Plan provides for Board discretion to issue
incentive share options up to a maximum of 10% of issued and
outstanding shares on a "rolling" basis.
The Company has recently announced drill discovery of the high
grade Blue Caribou Copper Zone at its Blue Caribou Project in
western Nunavut (announced July 16, 2008). The deposit is open down
dip and drilling continues. Skybridge management and Board of
Directors are experienced and successful Arctic explorers and
developers and believe that a stable source of supply from
tidewater-accessible world-class mineral deposits and a favourable
political climate around Canada's sovereignty in the Arctic, will
ultimately establish Nunavut and the Northwest Territories as
Canada's next great mining district. The company is well financed
and actively considering additional acquisitions in the Arctic and
elsewhere as a catalyst for growth.
For further information and presentation material, please review
the Skybridge website at www.skybridgedevelopment.com
August 1, 2008 Shares Issued: 15,545,000
On Behalf Of The Board Of Directors,
SKYBRIDGE DEVELOPMENT CORPORATION
Abraham Drost, P.Geo. President/CEO
info@skybridgedevelopment.com
401-1113 Jade Court Thunder Bay, ON
Canada P7B-6M7
For more information, contact Investor Relations at:
Ph: 807-345-3306 or 807-252-7800
This news release prepared under supervision of Abraham Drost,
P.Geo., Qualified Person under NI 43-101, includes certain
forward-looking statements concerning the future performance of our
business, its operations and its financial performance and
condition, as well as management's objectives, strategies, beliefs
and intentions. Forward-looking statements are frequently
identified by such words as "may," "plan," "expect," "anticipate,"
"estimate," "intend" and similar words referring to future events
and results including the statements herein that: i) the Company
anticipates that the size and grade potential will be confirmed by
a diamond drilling program and ii) suggesting a structure
potentially amenable to shallow bulk mining pending a full
determination of lateral extent by additional drilling.
Forward-looking statements are based on the current opinions and
expectations of management. All forward-looking information is
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices,
competitive risks and the availability of financing and as
described in more detail in our recent securities filings available
at www.sedar.com. Actual events or results may differ materially
from those projected in the forward looking-statements and we
caution against placing undue reliance thereon.
The TSX Venture Exchange does not accept responsibility for the
accuracy or the adequacy of this release.
Distributed by Filing Services Canada and retransmitted by
Marketwire
For more information, contact Investor Relations Ph:
807-345-3306 or 807-252-7800
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