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CALGARY, ALBERTA, Aug 10, 2010 (MARKETWIRE via COMTEX) -- Stem Cell Therapeutics Corp. ("SCT" or the "Company") /quotes/comstock/11v!sss (CA:SSS0.07, 0.00, 0.00%) wishes to announce that Mark Wayne and Ian Brown have resigned as directors of the Company effective August 9th, 2010. The Company would like to thank both Mark Wayne and Ian Brown for their time and efforts as directors.
The Company has appointed, subject to TSXV approval, R. Dean Peterson and Dan Stearne as directors as of August 9th, 2010. Dean Peterson and Dan Stearne are both Calgary businessmen. Mr. Peterson is the founder of a company specializing in pipeline construction. Dan Stearne is president and CEO of Inventronics Limited a custom designer and manufacturer of metal enclosures intended for application in utility-type infrastructures. Dean Peterson is a significant shareholder of SCT owning directly and indirectly approximately 10% of SCT's common shares.