VAL D'OR, QC, March 13 /CNW Telbec/ - Abitex Resources Inc. (TSX-V: ABE) (the "Company") is pleased to announce, following its recent Annual General Meeting (AGM), the addition of Mssrs Ian C. Peres and Peter J. Hawley to the Company's Board of Directors.
Mr. Peres is a Chartered Accountant with over 15 years of experience in retail and institutional finance. Mr. Peres is the CEO and a Director of Moneta Porcupine Mines (TSX:ME), prior to which he was COO and CFO of Augen Capital Corp. (TSX-V: AUG), a Toronto-based merchant bank specializing in equity financing of junior mining companies. Mr. Peres was also the former CFO and a Director of Energy Fuels Inc. (TSX: EFR), a company which was transformed into a $250M near-term uranium producer during his tenure.
Mr. Hawley, P.Geo., is the founding Chairman & CEO of Scorpio Mining Corp (TSX:SPM) which commissioned its flagship Nuestra Senora silver-rich polymetallic mine in Sinaloa, Mexico in 2008. Mr. Hawley has over twenty-five years of resource industry experience that spans grassroots exploration through to development and production. He is also experienced in private and public company financing and corporate administration and has raised over $100 million dollars for Scorpio over the last ten years.
Abitex is very pleased to add these two outstanding new members to its board which now comprises the following six members:
Mr Yves J. Rougerie, P.Geo., Co-chairman, President & CEO;
Mr Francois Ruel, B.Sc. Economics, Co-chairman;
Mr Ian C. Peres, CA, Director and Secretary-Treasurer;
Mr Robert C. Bryce, P.Eng., MBA, Director;
Mr Fred Burrows, B.Sc. Forestry, Director;
Mr Peter J. Hawley, P.Geo., Director.
At the AGM, shareholders also overwhelmingly voted in favor of the Company's new option plan. The new rolling plan has been conditionally approved by the TSX Venture Exchange subject to shareholder approval at the AGM.
The Company also announces that it has granted 350,000 stock options at an exercise price of $0.40 to directors, officers or consultants. The stock options are subject to a five year term.
Abitex is an exploration and development company based in Val d'Or, Quebec. The Company signed an option and joint venture agreement with AREVA Canada Resources and SOQUEM Inc. in September 2008 to acquire a 50% interest in the "L" uranium deposit in Quebec which hosts a significant historical uranium resource. The Company is currently focused on the definition drilling of the "L" deposit and the ongoing acquisition of advanced exploration or near-term production uranium assets.
The Company's public documents may be accessed at www.sedar.com.
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