Business
Amato appoints new directors, grants options, and announces nominees for election of directors
Amato appoints new directors, grants options, and announces nominees for election of directors
About this update from Aurora Royalties Inc.
[{"type":"text","content":"\n\n\n\n Jun. 2, 2010 (Canada NewsWire Group) -- /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES/\n\nTSX-Venture: Tier 2\n\n Amato Exploration Ltd. (the "Company" or "Amato") (TSX-V:AMT), (http://www.amatoexploration.com), regrets to announce that Jack Fugman, director since October 2009, has resigned for personal reasons. Amato's Board of Directors extends thanks to Mr. Fugman for his contribution to the Company. Amato welcomes as newly appointed directors, Messrs. Joseph Fodor and Dan Kostiuk to the board.\nMr. Fodor is a corporate lawyer with extensive experience in legal and corporate finance specializing in structuring domestic and international infrastructure projects. Since 2006, Mr. Fodor has been a partner with Watershed Capital Partners, a Vancouver based private investment banking firm and recently served as Executive Vice President for Adriana Resources Inc., a Canadian company focused on developing and expanding its domestic and international iron ore resources.\nMr. Kostiuk is a corporate lawyer who has provided legal advice, strategic planning, corporate governance and M&A advice to both public and private companies. He has advised in the setting up of onshore and offshore corporate structures and the implementation of resource transactions in various countries. Mr. Kostiuk has been a director and member of audit committees of four companies listed on the TSX Venture Exchange.\nThe Company also announces that it has granted an aggregate of 100,000 incentive stock options pursuant to its option plan to directors and consultants. The options are exercisable at a price of $0.30 per share until June 2, 2015.\n\nNOMINEES FOR ELECTION OF DIRECTORS\n\nThe Company is pleased to announce that the number of directors to be elected at the upcoming Annual General Meeting ("AGM") will be set at five. The following nominees proposed for election as directors are existing directors: Martin Carsky, Joseph Fodor, Dan Kostiuk, Melvin Reeves and Ioannis (Yannis) Tsitos.\n\nAbout Amato Exploration Ltd.\n\nAmato Exploration Ltd. is a North American mineral exploration company based in Vancouver, B.C., Canada. We are currently focused on exploring the Colossio silver deposit in Mexico and seeking significant iron ore mineral properties globally.\n\nDISCLAIMER\n\nTh...