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
Recommend:
0

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
Recommend :
0
React to this article
Latest news
Date Title
<1m ago GAZPROM : European Commission, Russia working on further gas talks
1m ago ANEKA TAMBANG TBK PERUSAHN PRSRN PRSR PT : Flsmidth Signs Extensive Minerals Design and Service Agreement with PT ANTAM (Persero) Tbk in Indonesia
1m ago SHIRE : Form 8.5 (EPT/RI)-Shire Plc
1m ago CSR : Form 8.5 (EPT/RI)-CSR Plc
1m ago MECOM : Form 8.5 (EPT/RI)-Mecom Group Plc
2m ago Glass Industry Fires Up With High Demand for TV Screens, Flat and Float Products, an Industrial Info News Alert
3m ago PARKIT ENTERPRISE : Propark Real Estate Closes $18,600,000 Acquisition
4m ago CONDOR GOLD : Studies For La India Delayed Due To Expanded Scope
4m ago BLACKRK HDGE UK RED PART SHS NPV UK EMERGING SHS : BLACKROCK HEDGE SELECTOR LTD - Total Voting Rights
4m ago RESEARCH AND MARKETS : UK Digital Advertising Spend in the Databook - 2014 Report Featuring Google, Microsoft, Yahoo, Facebook, Twitter, YouTube & LinkedIn
Latest news
Advertisement
Hot News 
EASTERN PROPERTY : announces disposal of 100% of its office building Petrovsky Fort in St. Petersburg
BLINKX : Shares Down As Revenue Continued To Slow In Second Quarter
NEXANS : announces its new governance structure and the acceleration of its strategic action plans to pave the way for the future
NUMIS : Trading Update - year ended 30 September 2014
ORANGE : French Government to Sell 1.9% Stake in Orange -- Report
Most Read News
1d ago Microsoft names next operating system 'Windows 10'
1d ago BANK OF NEW YORK MELLON : BNY Mellon to shut derivatives sales, trading business
1d ago EP ENERGY : CFO to Present at Deutsche Bank Finance Conference
1d ago DUKE REALTY : Announces Third Quarter Earnings Conference Call; Thursday, October 30th, 2014 at 3:00 p.m. ET
1d ago ENCANA : ATHLON ENERGY INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
Most recommended articles
5m agoDJEurozone Woes Impact U.K. Economy
5m ago DEUTSCHE LUFTHANSA : EU regulators order Belgian, German airports to pay back illegal aid
9m ago European Commission extends probe into Gibraltar's corporate tax regime
11m ago Ackman's Pershing Square raises $3 billion in fund listing
13m ago Thailand approves $11 billion measures to lift growth - Deputy PM
Dynamic quotes  
ON
| OFF