CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Canadian Platinum Corp. ("CPC" or the "Company") (TSX VENTURE:CPC) is pleased to announce the election of two new members to the Board of Directors at the Annual General and Special Meeting of Shareholders held July 30, 2014 in Calgary, AB.
Mr. James Engdahl and Mr. Douglas Billingsley are the two new board members elected at the meeting. They join incumbent members Gary Billingsley and Mason Douglas re-elected by the Company's shareholders. Former board members Todd Montgomery, Brent Walter and Randy Ludwar did not stand for re-election.
Jim Engdahl is currently President & CEO of Star Minerals Group Ltd., a CSE-listed exploration company involved in the exploration and development of strategic and critical minerals. Previously Mr. Engdahl was President and CEO of Great Western Minerals Group Ltd, a TSXV-listed company currently being developed into a fully integrated rare earth company.
Prior to that, Mr. Engdahl was involved in corporate finance, specializing in mergers and acquisitions, and successfully financing many projects in Canada. Mr. Engdahl got his business and finance background working for many years in banking, where he last served as a Vice President of Barclays Bank of Canada.
Mr. Billingsley is currently a Partner with Hong Kong based, Battalion Partners LLC. Battalion is a business advisory and consulting firm that specializes in working with companies to prepare and structure them to successfully attract investment capital.
Throughout his career Mr. Billingsley has held numerous executive positions (CEO, COO, CFO, SVP Corporate Planning, VP Marketing & VP Product Development) in large financial services and manufacturing organizations. His experience spans private and public companies as well as successfully starting and growing his own businesses. Coming from a mining family, he is very familiar with the mining industry, and has served on the boards of several publicly traded junior mining companies.
Subsequent to the Annual General and Special Meeting, Gary Billingsley was appointed by the Board to the position of President and CEO and Mason Douglas was appointed Chairman of the Board. Mr. Billingsley comments, "I want to thank Todd, Brent and Randy for their dedicated service to the Company since its inception. Todd Montgomery has always had extraordinary vision in project selection and has left a solid base for the new management to build on, which is critical in this challenging market. Canadian Platinum will continue to focus on platinum and base metals."
Canadian Platinum Corp. is a Calgary, Alberta based corporation engaged in the exploration for, and development of, platinum group and base metals in Canada.
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CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking statements. Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The forward-looking statements included in this press release are made as of the date of this release and except as required by law, the Corporation does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release may contain statements within the meaning of safe harbour provisions as defined under United States Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of the management of Canadian Platinum and are subject to a number of risks and uncertainties that may cause the actual results to differ materially from those described above.