VANCOUVER, June 4 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce that at its recently held Annual General Meeting, the incumbent directors, Ian Klassen, Alistair MacLennan, Hardy Forzley and Paul Bowes were re-elected, and a new nominee, R. Dale Janowsky, Q.C. was elected to the Board of Directors.
Mr. Janowsky recently retired after 44 years in the practice of corporate & commercial law. He has extensive experience in advising all levels of management and boards of directors, including: Achilles Resources Inc, Avondale Resources Inc, Consolidated Powergem Resources Corp, Thios Resources Inc, Ducks Unlimited Canada, Lawyers Business & Property Network, Canada Post Corporation, University College of the Cariboo.
As a director for several years with Eaglecrest Explorations Ltd. Mr. Janowsky has acquired extensive knowledge on drilling procedures, funding, on-site mills and related issues. He has also been involved in real estate development companies and obtaining financing for public resource companies.
The Company also wishes to announce that Dr. Dirk Hagge, Ph.D., has agreed to serve on the Company's Financial Advisory Board. Dr. Hagge is an investment banker in Germany with over twenty-five years of practical and oversight experience in both the domestic German and international commercial and investment banking sectors.
Lastly, the Company announces that, subject to regulatory approval, it has also granted incentive stock options for 450,000 common shares at $0.15 per share for a period of five years.
Grande Portage Resources Ltd. is a Tier 1 mineral exploration and development company focused on massive sulphide exploration in British Columbia. Grande Portage is operated by experienced managers and professionals who have been effective in discovery, mine development, and mining operations throughout North and South America, Africa, Europe, and Central Asia. The Company is well financed with no debt. More information is available online at www.grandeportage.com.
ON BEHALF OF THE BOARD OF DIRECTORS ---------------------------------- Ian Klassen, President
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements.
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