Oracle Mining Announces Vice President Corporate Development
28 Novembro 2011 - 8:58PM
Marketwired
Oracle Mining Corp. ("Oracle Mining" or the "Corporation") (TSX
VENTURE:OMN)(OTCQX:OMCCF)(PINK SHEETS:OMCCF)(XETRA:OMC) is pleased
to announce the hiring of Paul O'Brien, CFA, as the Corporation's
Vice President of Corporate Development.
Mr. O'Brien has more than seven years of experience in gold
equity research covering developing companies to senior producers
as well as precious metals forecasting, during which time he was
ranked in the top five of Wall Street Journal's "Best on the Street
Analyst Survey" for North American Mining Analysts two years in a
row. His prior corporate advisory and investment banking experience
includes more than nine years primarily focused on mining, while
gaining global mining markets experience in Canada and Australia as
a member of bank-owned capital markets groups.
Most recently, Mr. O'Brien was a Partner at Gryphon Partners, a
mining-focused corporate advisory and M&A firm that was
recently acquired by Standard Chartered Bank. Mr. O'Brien received
his B. Comm. from McMaster University and is a CFA
Charterholder.
The Board of Directors has granted stock options to Mr. O'Brien
in conjunction with his employment with the Corporation. Options
were granted to purchase 200,000 common shares in the capital of
the Corporation, exercisable for a period of five years at a price
of $1.15 per share and subject to the terms and conditions of the
Corporation's Stock Option Plan and TSX Venture Exchange approval.
One-third of the options vest immediately upon the date of grant,
one-third of the options will vest 12 months from the date of grant
and one-third will vest 24 months from the date of grant.
In addition, two directors of the Corporation have each
voluntarily forfeited for cancellation 100,000 options to
facilitate the above options grant and comply with the terms of the
Corporation's Stock Option Plan with respect to the maximum number
of options available for grant thereunder. Following the options
cancellation and grant, the Corporation's stock options outstanding
remains unchanged, at 3,029,000.
About Oracle Mining Corp.
Oracle Mining Corp. (TSX VENTURE:OMN)(OTCQX:OMCCF)(PINK
SHEETS:OMCCF)(XETRA: OMC) is a Vancouver, Canada-based corporation
with a focus on uncovering overlooked deep-value projects to
achieve superior shareholder returns. The Corporation is the sole
owner and operator of Oracle Ridge Mining LLC and copper mine
located 24 km northeast of Tucson, Arizona. Oracle Mining has cash
on hand of approximately $9 million, minimal long-term debt and is
managed by an experienced team of mining professionals with
extensive operating and financial experience.
Forward-looking Statement Disclaimer
This document may contain "forward-looking statements" within
the meaning of Canadian securities legislation. These
forward-looking statements are made as of the date of this document
and Oracle Mining Corp. (hereinafter referred to as the
"Corporation") does not intend, and does not assume any obligation,
to update these forward-looking statements. Forward-looking
statements relate to future events or future performance and
reflect management of the Corporation's expectations or beliefs
regarding future events and include, but are not limited to,
statements with respect to the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the timing
and amount of estimated future production, costs of production,
capital expenditures, success of mining operations, commodity
prices, environmental risks, unanticipated reclamation expenses,
title disputes or claims and limitations on insurance coverage. In
certain cases, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the negative of these
terms or comparable terminology. By their very nature
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Corporation to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements.
Such factors include, among others, risks related to actual
results of current exploration activities; changes in project
parameters as plans continue to be refined; future prices of
resources; possible variations in ore reserves, grade or recovery
rates; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing
or in the completion of development or construction activities; as
well as those factors detailed from time to time in the
Corporation's interim and annual financial statements and
management's discussion and analysis of those statements, all of
which are filed and available for review on SEDAR at www.sedar.com.
Although the Corporation has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
This media release does not constitute an offer to sell or
solicitation of an offer to sell any of the securities in the
United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to a
U.S. Person unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
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.
Contacts: Oracle Mining Corp. Mr. Alex Langer Corporate
Communications 604-689-9293 or Toll-free: +1-855-689-9282 Oracle
Mining Corp. Mr. Jason Mercier Corporate Secretary
604-689-9261info@oracleminingcorp.comwww.oracleminingcorp.com
Oracle Mining Corp. (TSXV:OMN)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Oracle Mining Corp. (TSXV:OMN)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024