Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

New Klondike Exploration Ltd. : New Klondike Appoints Chairman and Grants Options

03/25/2013 | 11:35am US/Eastern

New Klondike Exploration Ltd. (TSXV: NK) ("New Klondike" or the "Company") is pleased to announce the appointment of Mr. William Ollerhead to the position of Chairman of the Company's Board of Directors. He has been a member of the Board since February 2008 and will also continue to act as Chairman of the Company's Audit Committee. Mr. Ollerhead will take a leading role in advancing the Company's corporate governance policies and have a more active, day-to-day role, assisting management to meet the Company's objectives.

Mr. Ollerhead is the principal of Ollerhead Capital, a division of a private investment and management services company. He has over 20 years of experience in the capital markets and corporate finance field.  His investment and capital markets experience has provided him with exposure to, and knowledge of, a broad range of industries. Mr. Ollerhead holds a B.A. with a concentration in Statistics from the University of Western Ontario, and an M.B.A. with a concentration in Finance from McGill University. In 2010, Mr. Ollerhead completed the Directors Education Program at the Institute of Corporate Directors at the Rotman School of Management, University of Toronto. He is a member of the board of directors of TSX-listed BioExx Specialty Proteins Ltd. where he serves as Chairman of the board. He is also a member of the board of directors of TSXV- listed Thermal Energy International Inc.

The Company also announces that it has granted a total of 500,000 stock options to purchase common shares of the Company to certain officers, directors and to a geological consultant of New Klondike. The options are exercisable for a period of five years at an exercise price of $0.15 per option and will expire on February 12, 2018.

The stock options have been granted pursuant to the terms of the Company's 2012 Stock Option Plan (the "Plan") adopted and approved by shareholders at the Annual and Special Meeting of Shareholders held on Friday, July 13, 2012. A total of, up to 10% of the Company's issued common shares are reserved for grant under the Plan. New Klondike presently has 17,342,845 common shares issued. Each stock option gives the option holder the right to purchase one common share of the Company. Immediately following the grant of the above stock options, the Company has a total of 1,250,000 stock options outstanding.

About New Klondike

New Klondike is a mineral exploration and development company focused on the acquisition and development of base and precious metal deposits on the Goldstorm Project and its other exploration properties in Ontario. For further information about New Klondike please visit our website www.newklondike.com or contact Michael Coulter, President at 416-368-3332 or by email: info@newklondike.com.

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 press release.

distributed by
React to this article
Latest news
Date Title
5m ago MICROSOFT : to unveil detailed consumer features of Windows 10 in January, 2015
5m ago PL clubs paid record 115 mln pounds to agents in 12 months ending Sep 2014
23m ago FBN : NSE Market Capitalisation Dips By N53 Billion
41m ago YAMAHA : Rugby: Matsushima's gem sees Suntory past Yamaha
43m ago OMNI VENTURES : 5th Dimension Logistics Launches Intelligent Load Balancer
47m ago SAUDI DAIRY & FOODSTUFF : SADAFCO Re-Introduces Popular 'My Saudia Kitchen' Campaign for Women in Saudi Arabia Program Inspires Women to Plan, Cook and Impress with Creative...
51m ago 8K MILES : Software Buys Serj Solutions
51m ago APOLLO GLOBAL MANAGEMENT : Mytrah Energy Raises Funds From Merrill Lynch, Apollo Global
51m ago Avantha Offloads Stake In Crompton Greaves
51m ago ITAL TBS : TBS Group: the French subsidiary TBS FR has been awarded the contract of 2.2 million euro for the maintenance of biomedical equipment in 2 hospitals.
Latest news
Advertisement
Hot News 
DIXONS CARPHONE : Currys PC World stands poised for one order every second on Black Friday
PROXAMA : In Final Stages For Proposed Aconite Acquisition (ALLISS)
ZHONGDE WASTE TECHNOLOGY : Strong year-on-year improvement of financial results in the first nine months 2014 (DGAP News)
MJ GLEESON : Expects Results To Beat Expectations On Strong Homes Unit
AUGEAN : Chairman Buys 55,000 Shares (DIRECTOR DEALINGS)
Most Read News
1d agoDJSTOCKTON : Bankruptcy Exit Should Move Ahead
1d ago NGEX RESOURCES : Updated Share Capital and Voting Rights for NGEx
1d ago DEUTSCHE LUFTHANSA : German pilots union says fresh strikes imminent at Lufthansa
1d ago U.S. Black Friday shopping marked by thinner crowds, protests
1d ago KINDER MORGAN : Pipeline survey crews wrap early in disputed zone at centre of B.C. protests, arrests
Most recommended articles
1d ago As energy shares tumble, opportunity lurks
1d ago Dollar Ready to Take Advantage of Market Unease But Rates at Risk
1d agoDJSTOCKTON : Bankruptcy Exit Should Move Ahead
1d agoDJWal-Mart and Target Take Fight to Amazon for Holiday Sales
1d ago AUD Exposed To Further Declines As Yield Advantage Erodes
Dynamic quotes  
ON
| OFF