Black Bull Resources Inc.

Black Bull Resources Inc.

February 03, 2015 08:38 ET

Black Bull Resources Inc. Announces AGM and Election of New Directors and New Chairman

SHELBURNE, NOVA SCOTIA--(Marketwired - Feb. 3, 2015) - Black Bull Resources Inc. (TSX VENTURE:BBS.H) announced that three senior business people were elected as independent directors of the Company at its recent AGM held on January 19, 2015. David Wood and Joe MacDonald continued as directors. Two long term Board members Richard Shearer and Jim Gogan retired from the Board.

The three newly elected directors are;

Mr. Chris Every has over 25 years' experience in general and commercial management roles for companies Chris has been CEO and founding member of public and private companies in both the UK and the US. He is an experienced strategic planner and operational designer, understanding the regulatory and legal issues of international listing, fund raising and business development. Chris is presently CEO of the recently formed AUS Streaming Ltd a critical metals and industrial minerals streaming company currently progressing to listing as a public company on the Australian Stock Exchange (ASX) public market and establishing a business with a substantial footprint in Canada too.

Mr. Warren Staude, B.Sc., M.Sc., MAusIMM, MAICD, SF Fin served as the Chief Executive Officer of Jupiter Mines Ltd. since June 25, 2005. Mr. Staude has 40 years professional experience in the mining, exploration and resource finance industries. He has worked in Government as a Private Consultant.

Mr. David W. Crombie serves as Chairman of the Conserve Oil Group of companies. Prior to Conserve he served as Vice President and Chief Financial Officer of Three Sisters Resorts, which completed an initial public offering in 1997 on The Toronto Stock Exchange. Mr. Crombie also served with The Molson Companies and Canadian Pacific. He also serves as a director of Stoney Nakoda Oil and Gas, and Stoney Nakoda Economic Development. He also serves as a director on several private companies. Mr. Crombie also served with The Molson Companies and Canadian Pacific.

The Company wants to thank Rick Shearer and Jim Gogan for all their work over the years. First elected as a director in April 2004, Jim has also been a Chairman of the Audit Committee for most of those years. The Company is very appreciative of all his assistance with the Company. Rick was first elected director in January 2006, and during his time with the Board, he has been President, CEO, and most recently Chairman of the Board. Rick's vast knowledge of the minerals industry has been very helpful to the Company and we thank both Rick and Jim for their dedication.

At a meeting of the newly elected Board of Directors on January 28, 2015, The Board elected Chris Every as Chairman of the Board, and David Crombie was elected as Chairman of the Audit Committee.

About Black Bull Resources Inc.

Black Bull Resources Inc. is a Canadian mining company based in Nova Scotia that owns the White Rock Mine near Shelburne. Prior to suspension of operations, the mine produced a unique, bright, white, high-purity quartz, marketed under the Scotia White trademark which is used in a range of value-added, specialty products.

The White Rock Property also contains an identified resource of kaolin and mica.

Further detailed information may be obtained from the Company's website or corporate filings at

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation statements regarding the Company's mining properties, development results or future plans, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in mineral prices, fluctuations in currency exchange rates, uncertainties relating to the availability and costs of financing needed in the future, the capital and operating costs varying significantly from estimates, delays in the development of projects, as well as those risk factors discussed or referred to in Management's Discussion and Analysis under the heading "[Risks and Uncertainties]" and other documents filed from time to time with the securities regulatory authorities in all provinces and territories of Canada and available at

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Unless required by law, the Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.


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