VANCOUVER, British Columbia, Nov. 06, 2017 (GLOBE NEWSWIRE) -- Strongbow Exploration Inc. (SBW.V) (“Strongbow” or the “Company”) announces that Mr. Ronald Netolitzky has decided to step down from the Board of Directors. A Director since the creation of the Company, Strongbow wishes to thank Mr. Netolitzky for his many contributions in its goal to becoming a new global tin producer. Mr. Netolitzky remains a significant shareholder and will continue to serve the Company as a member of the Strongbow Advisory Committee.
Strongbow is pleased to announce the appointment of Ms. Alexandra Drapack as a new Director of the Company.
Ms. Drapack is a professional engineer with over 20 years of experience in managing mining and environmental projects in Canada and the USA, spanning operations, consulting and corporate office settings. Ms. Drapack graduated from the University of British Columbia with a Bachelor of Applied Science in Mining and Mineral Process Engineering, and also holds a Masters of Business Administration from Arizona State University. Ms. Drapack serves as Vice President, Environment Services & Sustainable Development for Osisko Mining Inc., where her portfolio includes health & safety, environment, and Aboriginal and community relations. Ms. Drapack was formerly the Director of Sustainable Development for Osisko Mining Corporation, leading the combined federal and provincial environmental assessment process for Osisko’s Hammond Reef Project, and was responsible for Aboriginal engagement, public consultation and government relations.
Mr. D. Grenville Thomas, Strongbow’s Chairman, stated; “The Board would like to express our appreciation and thanks to Mr. Netolitzky for the 14 years of invaluable service, guidance, support and advice he provided to Strongbow. We will continue to rely on Mr. Netolitzky’s experience as a member of the Strongbow Advisory Committee. I would also like to take this opportunity to welcome Ms. Drapack to the Board of Directors. The addition of Ms. Drapack compliments the Board’s experience as we advance the South Crofty tin project through the construction of a water treatment plant, dewatering of the mine and progress towards a production decision. Alix’s experience with Osisko will also be of great assistance in evaluating North American opportunities for Strongbow.”
In addition to the changes to the Board described above, the Board of Directors has approved the issuance of 2,540,000 incentive stock options to employees, management and directors. The incentive stock options are exercisable at a price of 20 cents per share, and expire November 3, 2022. The options have a 12 month vesting period, with 20% vesting on grant date and 20% vesting on a quarterly basis to November 3, 2018.
Strongbow also announces that it has issued a total of 1,000,000 common shares to Galena Special Situations Masterfund Limited and Tin Shield Production Inc. pursuant to the Share Purchase Agreement dated March 16, 2016 for the acquisition of the South Crofty tin project. This share issuance was triggered by the receipt of a water discharge permit (see Strongbow news release # 17-12 dated October 23, 2017), which was received from the U.K. Environment Agency in October.
For additional information please contact: Irene Dorsman at (604) 671 0632 or by e-mail at idorsman@strongbowexploration.com or Sherman Dahl of Pretium Communications at (250) 558 8340.
Blytheweigh (Financial PR/IR-London) Tel: +44 207 138 3204
Tim Blythe tim.blythe@blytheweigh.com
Camilla Horsfall Camilla.horsfall@blythewiegh.com
Nick Elwes nick.elwes@blythewiegh.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Richard D. Williams”
Richard D. Williams, P.Geo
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.
