Business
Abitex welcomes new Directors to Board and issues stock options at $0.40
VAL D'OR, QC, March 13 /CNW Telbec/ - Abitex Resources Inc. (TSX-V: ABE) (the "Company") is pleas...
About this update from Vision Lithium, Inc.
[{"type":"text","content":"\n\n\n\nVAL D'OR, QC, March 13 /CNW Telbec/ - Abitex Resources Inc. (TSX-V: ABE)\n(the "Company") is pleased to announce, following its recent Annual General\nMeeting (AGM), the addition of Mssrs Ian C. Peres and Peter J. Hawley to the\nCompany's Board of Directors.\n\n\nMr. Peres is a Chartered Accountant with over 15 years of experience in\nretail and institutional finance. Mr. Peres is the CEO and a Director of\nMoneta Porcupine Mines (TSX:ME), prior to which he was COO and CFO of Augen\nCapital Corp. (TSX-V: AUG), a Toronto-based merchant bank specializing in\nequity financing of junior mining companies. Mr. Peres was also the former CFO\nand a Director of Energy Fuels Inc. (TSX: EFR), a company which was\ntransformed into a $250M near-term uranium producer during his tenure.\n\n\nMr. Hawley, P.Geo., is the founding Chairman & CEO of Scorpio Mining Corp\n(TSX:SPM) which commissioned its flagship Nuestra Senora silver-rich\npolymetallic mine in Sinaloa, Mexico in 2008. Mr. Hawley has over twenty-five\nyears of resource industry experience that spans grassroots exploration\nthrough to development and production. He is also experienced in private and\npublic company financing and corporate administration and has raised over $100\nmillion dollars for Scorpio over the last ten years.\n\n\nAbitex is very pleased to add these two outstanding new members to its\nboard which now comprises the following six members:\n\n\nMr Yves J. Rougerie, P.Geo., Co-chairman, President & CEO;\n\n\nMr Francois Ruel, B.Sc. Economics, Co-chairman;\n\n\nMr Ian C. Peres, CA, Director and Secretary-Treasurer;\n\n\nMr Robert C. Bryce, P.Eng., MBA, Director;\n\n\nMr Fred Burrows, B.Sc. Forestry, Director;\n\n\nMr Peter J. Hawley, P.Geo., Director.\n\n\nAt the AGM, shareholders also overwhelmingly voted in favor of the\nCompany's new option plan. The new rolling plan has been conditionally\napproved by the TSX Venture Exchange subject to shareholder approval at the\nAGM.\n\n\nThe Company also announces that it has granted 350,000 stock options at\nan exercise price of $0.40 to directors, officers or consultants. The stock\noptions are subject to a five year term.\n\n\nAbitex is an exploration and development company based in Val d'Or,\nQuebec. The Company signed an option and joint venture agreement with AREVA\nCanada Resources and SOQUEM ...