Ucore Appoints Johnson to Advisory Board
February 18 2014 - 12:57PM
Marketwired
Ucore Appoints Johnson to Advisory Board
HALIFAX, NOVA SCOTIA--(Marketwired - Feb 18, 2014) - Ucore Rare
Metals Inc (TSX-VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the
Company") is pleased to announce the appointment of Mr. Randall
(Randy) Johnson to the Company's Advisory Board.
Mr. Johnson is the President of Tyler Rental Inc., an
Alaska-based enterprise with over $50 million in assets and 75
employees, which he founded as a start-up in 1989 and subsequently
grew to a multi-state enterprise.
Mr. Johnson formed Alaska Ship and Drydock ("ASD") to operate
the Ketchikan Shipyard under contract with the State of Alaska
Department of Transportation and Public Facilities in 1993. Working
in conjunction with the Alaska Industrial Development and Export
Authority (AIDEA), he guided an $80 million shipyard expansion
project at ASD, including a new 2,500 ton dry-dock, upland ship
berthing and an 80,000 square foot ship assembly hall and
production support complex. He sold the company to Vigor Industrial
in 2012, having grown it into a thriving enterprise with annual
revenues of $35 million and up to 200 employees.
In addition to Tyler and ASD, Mr. Johnson's business operations
and ownership experience includes such Southeast Alaska enterprises
as Ty-matt Construction and Ketchikan Ready Mix and Quarry.
"We're extremely pleased to have Mr. Johnson joining us as Bokan
enters the late stages of mine planning and pre-construction", said
Jim McKenzie, President & CEO of Ucore. "His exceptional track
record of building businesses from the ground up, and his knowledge
of the Alaskan business landscape, in particular, make him an
invaluable addition to the Ucore Advisory Board."
Commensurate with his appointment, Mr. Johnson will be granted
150,000 stock options, subject to the approval of the TSX Venture
Exchange. The options are exercisable at a price of $0.27 per share
and will expire on February 17, 2019. One third of the options will
vest six months after the date of the grant, with an additional
third to vest every six months thereafter until fully vested.
Mr. Johnson resides in Ketchikan and has been a resident of
Alaska for 33 years.
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this press release.
About Ucore Rare Metals Inc.
Ucore Rare Metals Inc. is a development-phase mining company
focused on establishing rare metal resources with near term
production potential. With multiple projects across North America,
Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE
property in Alaska. The Bokan - Dotson Ridge REE project is located
60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince
Rupert, British Columbia and has direct ocean access to the western
seaboard and the Pacific Rim, a significant advantage in developing
near term production facilities and limiting the capital costs
associated with mine construction.
Ucore Rare Metals Inc.Mr. Jim McKenziePresident and Chief
Executive Officer(902) 482-5214www.ucore.com
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