Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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
07:05aDJASIA MARKETS : Chinese Shares Fall Amid Doubts Over Beijing's Rescue
07:05aDJAsian Rubber Futures Settle Lower; Trade Slow During Ramadan
07:05a LITHIA MOTORS : Schedules Release of Second Quarter 2015 Results
07:03a TURK HAVA YOLLARI AO : Turkish Airlines flight diverted to Delhi after ‘bomb threat’
07:03a INVESTOR : ROHO Products Selected for 2015 Best Picks by Mobility Management Magazine
07:03a GOODYEAR TIRE & RUBBER : Black Bear Diner Announces Sponsorship of Loyal Customer and Professional Rodeo Star Lori Lewis
07:03a ARKEMA : Statement about the Number of Shares and Voting Rights in Compliance with the Article L.233-8 II of the French Commercial Code and the Article 223-16 of the Financial Markets Authority (AMF-Autorité des Marchés Financiers)
07:02a Sapiens DECISION Announces Support for Decision Model and Notation (DMN)
07:02a ERIN ENERGY : Provides Production and Operations Update
07:02a 2015 Biennial of the Americas to Host Inspiring Symposium Series, Free Public Festivals and Art and Cultural Celebrations in Downtown Denver, July 14-19
Latest news
Advertisement
Hot News 
JAYWING : Loss Widens On Operating Costs As It Shakes Up Management
IDOX : Acquisition of Cloud Amber for £5m
Eagle Eye Expects "Material Revenue" From New Sainsbury's Contract
OMEGA DIAGNOSTICS : Identifies Storage Stability Issue With Visitect CD4
STANLEY GIBBONS : Says Investment Grade And Rare Stamp Values Rise
Most Read News
07/06 Samsung Electronics profit guidance suggests costly S6 miss
07/06 Boeing says loss of Ex-Im Bank would be competitive disadvantage
07/06 CREDIT SUISSE : says has around 27 billion Swiss francs of recapitalisation resources
07/06 Aetna CEO addresses antitrust concerns over Humana deal
07/06 ALLSTATE : helping identify likely problems with elevators, restaurant food in Chicago
Most recommended articles
07:02a Euro zone finance ministers' comments as they arrive in Brussels
06:55aDJSingapore's Temasek Shrugs Off China Volatility
06:55aDJTECHNIP : Shares Plummet on Restructuring
06:52a Greece has not asked us for financial help, says Russian minister
06:52a Japan's Aeon interested in buying Tesco's Malaysia unit -sources