Business
Canstar Resources Announces Appointment of President and CEO, and Transaction Update
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 18, 2018 (GLOBE NEWSWIRE) -- CANSTAR RESOURCES
About this update from Canstar Resources Inc.
[{"type":"text","content":" NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 18, 2018 (GLOBE NEWSWIRE) -- CANSTAR RESOURCES INC. (TSXV:ROX) (“Canstar” or the “Company”) is pleased to announce the appointment of Christos Doulis as President and CEO, effective August 13, 2018, subject to regulatory approval. Mr. Doulis has more than 20 years of experience in the metals and mining sector having worked as a research analyst at both Stonecap Securities and PI Financial as well as a partner at Gryphon Partners, a boutique advisory services firm focused on the mining industry. Most recently, Mr. Doulis was CEO of Buchans Wileys Exploration, a private Canadian exploration company, active in the Buchans region of Western Newfoundland. “We are pleased to welcome Christos to the Canstar management team. His knowledge of the junior mining industry, particularly with reference to finance and M&A, will add significant value as Canstar advances its flagship Mary March project. Christos’ direct experience in Newfoundland and Labrador will also re-energize Canstar’s exploration and commercial efforts in the province,” stated Canstar Chairman Dennis Peterson. “I am delighted to have the opportunity to lead Canstar in its advancement of its flagship Mary March project,” stated Christos Doulis. “Upon closing of the acquisition transaction with Adventus Zinc Corporation (TSXV:ADZN) and Altius Minerals Corporation (TSX:ALS), Canstar will have assembled the dominant land position in Western Newfoundland’s prolific Buchans camp. We are eager to begin work on the Mary March program and are now in the process of organizing a drill program to follow-up on both Mary March and regional drill targets that have been identified on the new consolidated land package. Field work is expected to commence in September, and we will provide updates as they become available.” Canstar is pleased to announce that it has received conditional approval of the TSX Venture Exchange for the proposed acquisition of the Newfoundland base-metal exploration assets of Adventus and the Daniel's Harbour zinc project from Altius, as previously announced by Canstar on Feb. 21, 2018, and April 18, 2018. The transaction is subject to shareholder approval at a meeting to be held at 56 Temperance Street, Suite 1000, Toronto, Ontari...