MONTREAL, QUEBEC--(Marketwired - Oct. 30, 2013) - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) announce that, at its annual and special meeting held on October 29, 2013, shareholders of the Company approved all the items, including:
- Election of Jean-Sébastien Lavallée, Hugo Monette, Paul Bonneville and Alan Sexton as directors;
- Appointment of Raymond Chabot Grant Thornton LLP as auditors;
- Adopt a special resolution for continuance of the Corporation from being governed by the Business Corporations Act (British Columbia) to being governed by the Canada Business Corporations Act.
Paul Bonneville has over 30 years of experience in the mining industry in Canada. A Mining Engineering graduate from Queen's University, he was Vice President Operations for Scorpio Mining and Vice President Mines for Cadiscor Resources. He worked for Dumas Contracting as Project Manager at the Lapa and Goldex shaft projects and for Ross-Finlay Ltd., where he held a range of positions, including Project Manager at the Bell-Allard shaft project and the Silidor project, and at Pan American Silver Corp. Mr. Bonneville has also managed a number of overseas operations.
Alan Sexton, P.Geo., M.Sc., has been active in mineral exploration since 1979. He is Vice-President of Project Management for GeoVector Management Inc., an Ottawa, Ontario based consulting firm that provides mineral exploration consulting and project management services worldwide. His experience ranges from large scale regional exploration to advanced drilling programs in the search for gold, copper, zinc, uranium, tin and tungsten. He also has extensive experience dealing with permitting, land access, environmental impact studies, mineral resource estimation and economic studies of mining industry related projects. Prior to joining GeoVector Mr. Sexton was the site manager at WMC's Meliadine Gold Project from 1997 to 2001. He is a professional geologist and belongs to the professional geology associations in Nunavut, Northwest Territories, Ontario and Newfoundland & Labrador.
The Company regrets to announce the departure of Mr. Chad McMillan. The Board of Directors thanks Mr. McMillan for his hard work and wishes him all the best in his future endeavours.
The Company also announces that it has granted to directors and officers an aggregate of 1,300,000 stock options of the Company. Each option entitles its holder to purchase one share of the Company for $0.10 for a five-year period.
Paradox Public Relations will also receive 450,000 stock options to purchase the same number of common shares of the Company at a price of $0.10 per share for a two-year period. These options will vest over a 12-month period at a rate of 25% per quarter. The options are granted in accordance with the Policy 4.4 of the TSX Venture Exchange and the terms and conditions of the Company's Stock Option Plan.
The above-mentioned agreement is subject to the approval of the TSX Venture Exchange.
ABOUT CANADA STRATEGIC METALS
Canada Strategic Metals is an emerging growth company focused on the exploration and development of its early stage projects covering over 60,000 hectares throughout Quebec. With management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising portfolio for its shareholders.
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.