Celeste Copper Corporation
TSX VENTURE : C

Celeste Copper Corporation

March 22, 2010 13:17 ET

Celeste Copper Corporation Announces Appointment of New Interim CFO and Issuance of Shares

CALGARY, ALBERTA--(Marketwire - March 22, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Celeste Copper Corporation TSXV ("Celeste" or the "Corporation") (TSX VENTURE:C) announced today the resignation of David B. McQuaig as CFO and Director of the Corporation. Interim CEO, Shondell Sabad, wishes to thank Mr. McQuaig for his contributions to the Corporation. Mr. McQuaig will be retained by Celeste as a consultant to facilitate the transition process. Celeste further announces today the appointment of Interim CFO, Tomasz Kedzierski. Mr. Kedzierski will assume his position with Celeste immediately while the Corporation seeks a permanent CFO.

The Corporation also wishes to announce that it has received approval from the TSX Venture Exchange to issue 6,250,000 common shares to Peak Ridge Metal Equity Special Situation Fund ("PR Metals Equity SSF") as per its earlier press release dated February 17, 2010. As a result of this issuance, PR Metals Equity SSF and its affiliates now own 22.27% of the issued and outstanding common shares of the Corporation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Celeste Copper Corporation
    Shondell Sabad
    Chief Executive Officer and Director
    403-975-4072
    or
    Celeste Copper Corporation
    Tomasz Kedzierski
    Chief Financial Officer
    403-397-8007
    www.celestecopper.com
    or
    Brisco Capital Partners Corp.
    Gordon Aldcorn
    403-262-9888
    gordon@briscocapital.com