Business
Transition Provides Exploration and Corporate Update
SUDBURY, ON , Dec. 11, 2013 /CNW/ - Transition Metals Corp. (XTM - TSX.V, "Transition", ...
About this update from Transition Metals Corp.
[{"type":"text","content":"\n\n\nSUDBURY, ON, Dec. 11, 2013 /CNW/ - Transition Metals Corp. (XTM - TSX.V,\n \"Transition\", \"the Company\"), is pleased to provide an update of\n exploration and corporate activities. Transition is a multi-commodity\n exploration company that utilizes the project generator business\n model.  The Company is currently advancing five district scale\n exploration opportunities in Canada. Exploration programs carried out\n by the Company this year were partially funded by partnerships with\n Impala Platinum (Implats), Nunavut Resources Corp (NRC) and Sudbury\n Platinum Corp (SPC) - a privately funded 83% owned subsidiary of\n Transition. The Company continues to advance exploration work and\n solicit partners for its Abitibi gold projects in Ontario and Janice\n Lake sedimentary copper project in Saskatchewan.\n\n\nCEO Scott McLean commented, \"Although it has been a difficult year for the exploration sector in\n Canada, Transition has managed to continue to advance key projects with\n the help of our valued alliances and joint venture partners. To date in\n 2013 approximately $2.3 million in exploration work has been completed\n and we continue to operate programs designed to generate positive\n results and drive value for our investors well into 2014.\"\n\n\nTransition is also pleased to announce the appointment of Mr. Chris\n Chadder, CA to the role of Chief Financial Officer. Effective January\n 1, 2014, current Chief Financial Officer Anna Ladd will be stepping\n down to pursue other opportunities. During the interim period, Ms. Ladd\n will continue to work with management to ensure a smooth and effective\n transition. Management would like to thank Ms. Ladd for her many\n contributions and wish her well in her future endeavors. Since the\n combining of business with HTX Minerals Corp. in August, the company\n has been aligning corporate activities and streamlining expenditures.\n Mr. Chadder is a chartered accountant with extensive experience in\n budgeting, cash forecasting, financial reporting, and project/business\n valuations and acquisitions. Pursuant to his appointment, Mr. Chadder\n has been granted 100,000 options exercisable at $0.20 expiring December\n 5, 2018.\n\n\n2013 Exploration Highlights:\n\n\nThunder Bay PGM's (Implats Alliance)\n\n\n\nAt the Sunday Lake property, 54 kilometres of grid lines were cut...