Alderon Appoints Key Executives to the Mining Team
13 Giugno 2011 - 2:30PM
Marketwired
Alderon Resource Corp. (TSX VENTURE: ADV)(OTCQX: ALDFF) ("Alderon")
is pleased to announce the appointment of Mr. Todd Burlingame as
Executive Vice President Environment & Aboriginal Affairs
effective as of June 13, 2011 and Mr. Gary Norris as Executive Vice
President Government & Community Affairs effective as of July
4, 2011.
Mr. Burlingame has over 20 years of experience in the mining
sector across Canada and has worked for Nalcor Energy for the past
three years as the Manager of Environment and Aboriginal Affairs
and Chief Negotiator for the 3000 Megawatt Lower Churchill
Hydroelectric Project. Nalcor Energy is the Crown Corporation
advancing the Lower Churchill Project, located in Labrador, Canada,
on behalf of the Province of Newfoundland and Labrador.
Mr. Burlingame will be responsible for all environmental
permitting aspects to develop the Kamistiatusset ("Kami") Project
through to production, including acquiring all required
environmental approvals. He will also have a lead role in
Aboriginal Relations. Mr. Burlingame graduated from the University
of British Columbia with a bachelor's degree in Geology. He will be
based out of Alderon's new office in St. John's, Newfoundland.
Mr. Norris has spent over 30 years working for the Newfoundland
and Labrador Government, most recently as the Clerk of the
Executive Council and Secretary to Cabinet. Mr. Norris has also
held a number of other senior Executive positions, including
Assistant Deputy Minister of Environment, and Deputy Minister of
Intergovernment Affairs Secretariat. Mr. Norris will liaise with
local, provincial and federal Governments as we go through the
permitting stage all the way through production. He will be
involved in all aspects of project development including
discussions regarding port and rail access. Mr. Norris holds a
Bachelor of Arts degree in Political Science and Economics from
Memorial University of Newfoundland. Mr. Norris will also be based
out of the St. John's, Newfoundland office.
"Gary and Todd will be instrumental in the development of Kami,"
says Mark Morabito, President and CEO of Alderon. "Their knowledge,
specifically in Labrador, is unsurpassed and I'm very excited to
have them join our team."
Alderon has granted Mr. Burlingame, under the terms of its stock
option plan, options to purchase up to 250,000 common shares at a
price of $2.62 per share. Alderon has also granted Mr. Norris
options to purchase up to 250,000 common shares at a price of $2.62
per share. The options are subject to vesting over a two year
period and have an expiry date of June 13, 2016. Alderon has also
granted certain employees and consultants options to purchase
300,000 common shares at price of $2.62 per share vesting over a
two year period and having an expiry date on June 13, 2016.
About Alderon
Alderon is a leading iron ore exploration and development
company in Canada. The 100% owned Kami Project is located within an
existing iron ore district and is surrounded by producing iron ore
mines. The Alderon team is comprised of skilled professionals with
significant iron ore expertise to advance Kami towards
production.
For more information on Alderon, please visit our website at
www.alderonmining.com
ALDERON RESOURCE CORP.
On behalf of the Board
Mark J Morabito, President & CEO
Cautionary Note Regarding Forward-Looking Information
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. All statements, other than
statements of historical fact, included herein including, without
limitation; statements about the development of the Kami Project
are forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the following risks: the need for additional
financing; operational risks associated with mineral exploration;
fluctuations in commodity prices; title matters; environmental
liability claims and insurance; reliance on key personnel; the
potential for conflicts of interest among certain officers,
directors or promoters with certain other projects; the absence of
dividends; competition; dilution; the volatility of our common
share price and volume and the additional risks identified the
management discussion and analysis section of our interim and most
recent annual financial statement or other reports and filings with
the TSX Venture Exchange and applicable Canadian securities
regulations. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that
statements are made and Alderon undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change, except as required by
applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.
Neither 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: Alderon Resource Corp. Mark J. Morabito President
& CEO 604-681-8030 604-681-8039 (FAX) info@alderonmining.com
Alderon Resource Corp. Toronto Office 416-309-2135 416-861-5887
(FAX) www.alderonmining.com Renmark Financial Communications Inc.
Florence Liberski (416) 644-2020 or (514) 939-3989
fliberski@renmarkfinancial.com Renmark Financial Communications
Inc. Barry Mire (416) 644-2020 or (514) 939-3989
bmire@renmarkfinancial.com www.renmarkfinancial.com
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