Verena Minerals Corporation

Verena Minerals Corporation

March 05, 2010 07:00 ET

Verena Minerals Appoints Officers

TORONTO, ONTARIO--(Marketwire - March 5, 2010) - Verena Minerals Corporation ("Verena" or the "Company") (TSX VENTURE:VML) is pleased to announce that it has appointed Ryan Ptolemy as Chief Financial Officer and Patrick Gleeson as Corporate Secretary. Ryan Ptolemy is Certified General Accountant and CFA charter holder. Mr. Ptolemy is also currently CFO of Rodinia Minerals Inc., a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. From August 2005 to September 2009, Mr. Ptolemy was at an independent investment dealer in Toronto, most recently serving as CFO where he was responsible for financial reporting, auditing, budgeting and internal controls. Patrick Gleeson is a corporate lawyer in Canada and an officer of a number of public resource companies.

In addition, the Company also announces it has agreed to grant options to purchase an aggregate of 6,605,000 common shares to certain directors, officers and consultants of the Company. The options can be exercised at $0.34 per common share for a period of five years from the date of the grant. The grant of options remains subject to the receipt of all required regulatory approval, including the approval of the TSX Venture Exchange.

About Verena
Verena Minerals Corporation is a Canadian based mineral exploration company with portfolio of properties including gold and Alexandrite gemstones in Brazil. Verena's prime focus is on completing a feasibility study and expanding its 100% owned Volta Grande Project, located in Para State. Verena trades on the TSX Venture Exchange and has approximately 136 million common shares issued and outstanding.

Cautionary Statement on Forward Looking Information
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the impact of appointed officers and the terms of options granted. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. For a more detailed discussion of such risks and other factors, refer to Verena's filings with the Canadian securities regulators available on or the Company's website at

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.

Contact Information

  • Verena Minerals Corporation
    Mark Eaton
    President and CEO
    (416) 861-5805