Toronto, Ontario - TheNewswire – April 26, 2021 – CANSTAR RESOURCES INC. (TSXV:ROX ) & ( OTC: CSRNF) (“ Canstar” or the “Company ”) is pleased to announce that Neil Burns and James Clare have been appointed to the Company’s board of directors. Director Patrick Reid has resigned from the board, effective immediately. The Company thanks Mr. Reid for his many years of dedicated service to the Company as a director.
Neil Burns is a geologist with over 25 years of extensive international experience in exploration, mining and resource evaluation. He is currently the Vice President of Technical Services at Wheaton Precious Metals where he is responsible for the technical review of potential precious metals stream financing opportunities. He has been with Wheaton since 2008 and prior to Wheaton, Mr. Burns held numerous positions with mining and consulting firms. Neil holds a master’s degree in mineral exploration from Queen’s University and is a registered Professional Geologist with Engineers and Geoscientists British Columbia. Mr. Burns also serves on the board of directors of the BC Cancer Foundation and Au Gold Corp.
James Clare is a partner with Bennett Jones LLP, one of Canada’s leading corporate law firms. Mr. Clare has a corporate commercial and securities law practice, with an emphasis on corporate finance and mergers and acquisitions, with a focus on the mining sector. His transactional experience includes domestic and cross-border public and private corporate finance transactions representing issuers and underwriters as well as merger and acquisitions transactions. Mr. Clare also serves on the board of directors of SolGold plc, PJX Resources Inc., and Riverside Resources Inc.
Dennis Peterson, Chairman of the Company, commented: “We welcome Neil and James to the board. Our goal is to grow Canstar through mineral discovery and the acquisition of new projects. Their knowledge and experience will be extremely valuable in executing this strategy. We also thank Patrick Reid for his involvement as a director of Canstar over the past two decades.”
Canstar has granted the directors a total of 800,000 options to purchase common shares of the Company at an exercise price of $0.28 per share, expiring on April 26, 2026. The grant is subject to regulatory approval and vesting requirements.
About Canstar Resources Inc.
Canstar is focused on the discovery and development of economic mineral deposits in Newfoundland and Labrador, Canada. Canstar has an option to acquire a 100% interest in the Golden Baie Project, a large claim package (over 62,175 hectares) with recently discovered, multiple outcropping gold occurrences on a major structural trend in south-central Newfoundland. The Company also holds the Buchans-Mary March project and other mineral exploration properties in Newfoundland. Canstar Resources is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ROX and trades on the OTCPK under the symbol CSRNF.