CopperBank Announces Board of Director Changes Including the Addition of Tony Ricci and Grants Stock Options
08.06.2015 | Accesswire
VANCOUVER, BC / ACCESSWIRE / June 8, 2015 / CopperBank Resources Corp. ("CopperBank" or the "Company," CNSX : CBK) is pleased to announce the addition of Tony Ricci to the Board of Directors.Mr. Ricci is a Certified Professional Accountant ("CPA") with over 25 years of experience, mainly with public companies listed on Canadian and U.S. stock exchanges. Mr. Ricci was formerly a director and CFO of Keegan Resources Inc. (TSX: KGN, NYSE: KGN), a director and CFO of Norsemont Mining Inc. (TSX:NOM), and CFO of both Petaquilla Minerals Ltd. (TSX:PTQ) and Petaquilla Copper Ltd., companies with a combined market capitalization approaching $2 billion. He is also a director and officer of various other listed companies and has formerly worked with KPMG and AMEC Engineering Inc.
"I am very pleased to welcome Tony to the Board of Directors. He will make a great addition to the team and brings a strong track record of accounting and public company experience to the Company," Gianni Kovacevic, Chairman, commented.
Concurrently, the Company wishes to announce the resignations of Dan Frederiksen and Bradley S. Armstrong as directors of the Company.
"Mr. Frederiksen and Mr. Armstrong were part of the founding membership of CopperBank through International Enexco, a company started by Arnold Armstrong. The Armstrong's and Mr. Fredericksen are thanked for their contributions to CopperBank during its amalgamation and beginning," stated Rob McLeod, CEO.
The Company also announces that it has granted 500,000 incentive stock options (the "Options") to Mr. Ricci, with an exercise price of $0.10 per share. The Options can be exercised for a period of five years from the date of grant and expire on June 8, 2020. The Options are subject to the policies of the Canadian Securities Exchange and contain vesting provisions whereby 25% of the options vest immediately and an additional 25% vest every six months thereafter.
On behalf of CopperBank Resources Corp.
"Gianni Kovacevic"
Executive Chairman
CopperBank Resources Corp.
Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Tel: 604-889-0852
E-mail: gk@copperbankcorp.com
Website: www.copperbankcorp.com
Certain information in this release, including regarding the listing of the CopperBank Shares and Arrangement Warrants on the CSE and commencement of trading of securities of CopperBank, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although CopperBank believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. For more information on each of CopperBank and the risks and challenges of its businesses, investors should review the information circular dated September 12, 2014 and its other continuous disclosure filings that are available under CopperBank's profile at www.sedar.com.
