TSX Venture: RMD
TORONTO, Jan. 15 /CNW/ - Richmond Minerals Inc. is pleased to announce that Mr. Robert J. Leinster has been elected to the Board of Directors of the Company at the Annual and Special Meeting of Shareholders held today. Mr. Leinster has been Chairman of Cenit Corporation since June 2004. Prior to June 2004, he was a partner in Grant Thornton LLP, an international accounting and consulting firm specializing in business valuations and mergers and acquisitions. His financial and business expertise and experience will be of great benefit to the Company. The Company is pleased to report the appointment of Mr. J. Birks Bovaird as Chairman of the Board.
The Company also announces that it has granted the following stock options: (a) 400,000 options to a director, exercisable at $0.10 per share, vest immediately, and expire in five years; and (b) 300,000 options to two consultants, exercisable at $0.10 per share, vest as to 25% immediately and 25% every quarter thereafter, and expire in one year.
Richmond Minerals Inc. is engaged in base and precious metal mining and related activities, including exploration and development in Northern Ontario and Quebec.
The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the content of this press release.
%SEDAR: 00009282E