Vancouver, BC - Rapier Gold Inc. (TSX-V: RPR)
(the "Company") is pleased to announce the appointment of Mr. Daryl Hodges and Mr. Claude Oberson as directors of the Company.
Mr. Hodges is a geologist with more than 35 years' experience in mining and mining finance, having worked on exploration and development projects in Canada, Russia, Scandinavia, and Southeast Asia. Mr. Hodges was a founding partner of Jennings Capital Inc. and was responsible for growing their successful mining franchise, originally as an analyst and subsequently as Executive Director of Investment Banking. Mr. Hodges served as Chief Executive Officer and President of Jennings Capital Inc. until September 2013. Prior to joining Jennings Capital, Mr. Hodges worked as both a Mining Corporate Finance executive and Mining Research Analyst at HSBC Securities. Prior roles also included positions of increased responsibility at Falconbridge Limited and Texas Gulf Inc. Mr. Hodges is currently Executive Chairman of Minera IRL.
Mr. Oberson has extensive experience in European and Canadian capital markets, financing companies in the technology, energy and mining sectors for over thirty years. Mr. Oberson's firm acts as an advisor to a number of public companies. He was a founding partner of Blue Lakes Advisors and was previously Managing Director for BMO Capital Markets in Zurich and Geneva for ten years. He has extensive relationships with Swiss institutions and individual investors focused on the mining sector.
Mr. John Reddick, a founding Director of the Company, has resigned from the board to enable appointment of one of the additional directors. He will continue as a technical advisor to the Company. Mr. Reddick's extensive Timmins Camp knowledge and practical experience has been invaluable to the Company's work to date.
"We are delighted to have Mr. Hodges and Mr. Oberson join the board and appreciate the significant contribution that Mr. Reddick has made to date. At Falconbridge, Mr. Hodges was part of the team that drilled out the Hoyle Pond Project and brings additional technical expertise to Mr. Reddick's knowledge as well as to that of our Timmins geological team, who also worked on the deep drilling program at Hoyle Pond", commented Roger Walsh, President and CEO. "The significant high grade exploration results being achieved by Lakeshore Gold at 144 Gap Zone, east of Pen Gold Project, the recent acquisition by Goldcorp of Probe Mines' Borden Gold Project west of Pen Gold Project and recent observations by the OGS, highlight the significant prospectivity of this new geological region and the strategic importance of the Company's large land position."
The Company has granted 400,000 options to the new directors exercisable at of $0.15.
Last week, the Company received the data from the 922 line km magnetic gradiometer survey flown by Scott Hogg & Associates over the northern portion of the Pen Gold Project. Our technical team is now completing interpretation work on the data to determine our exploration program for the summer field season.
ON BEHALF OF THE BOARD OF DIRECTORS
Roger Walsh, President & CEO
Contact: Roger Walsh
Phone: (604) 617-1627
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release may constitute forward-looking statements. In making the statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company's Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.