VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 1, 2015) - Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") today announces the following management changes:
- Mr. Steven Dean, the Company's Executive Chairman, has resigned to focus on other current roles that have become increasingly active over the last several months. Mr. Dean remains a significant shareholder and will retain an advisory role with the Company
- Mr. John A. Thomas, the Company's President and CEO, as well as a director of the Company, has been appointed the new Chairman of the Company in place of Mr. Dean
- Mr. Chris Batalha has been appointed as a director of the Company. Mr. Batalha has been with the Company since 2011, was previously the Company's Corporate Controller, and is currently the Company's CFO and Corporate Secretary
The Company also announces that the board of directors of the Company has approved the granting, of 250,000 incentive stock options pursuant to the Company's Stock Option Plan to Mr. Batalha. The options are exercisable at a price of $0.05 per share. The options expire on May 29, 2020 with 25% of the options granted vesting each quarter over the next four (4) quarters.
The Company sold its former wholly owned subsidiary, Fortress de Nicaragua S.A., in April 2015, thereby divesting itself of the previously held Nicaraguan gold properties. The Company continues its pursuit of a viable property of merit in conjunction with a financing to support the exploration or development of such a property, and will provide updates, if any, in due course.
CASSIUS VENTURES LTD. On behalf of the Board of Directors
John A. Thomas P.Eng, Chairman, CEO and President
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 release.