TORONTO, ONTARIO--(Marketwired - Jan. 28, 2014) - Canadian Silver Hunter Inc. (the "Company") (TSX VENTURE:AGH) is pleased to announce the appointment of Jing Peng as the Company's new Chief Financial Officer, subject to regulatory approval.
Mr. Peng is an employee with Marrelli Support Services Inc., and is a Canadian Chartered Professional Accountant with a degree of Master of Management and Professional Accounting from the University of Toronto. Before joining Marrelli Support Services Inc., he worked at a public accounting firm providing financial services primarily to junior exploration companies.
The Company thanks Mr. Carmelo Marrelli, principal of Marrelli Support Services Inc., for his years of service as the Company's Chief Financial Officer. Mr. Marrelli has been an immensely valuable part of the senior management team. The Company looks forward to continuing its relationship with Marrelli Support Services Inc. In conjunction with the appointment, Mr. Peng was granted options to purchase 100,000 shares of the Company. The options are exercisable at a price of $0.10 per share and expire on January 28, 2019.
Marrelli Support Services Inc. is a well-respected leader in financial accounting and reporting services for the junior capital market in Canada, which coupled with its associated company DSA Corporate Services Inc., is a leader in delivering corporate secretarial services, from bookkeeping to the boardroom.
About Canadian Silver Hunter
Canadian Silver Hunter Inc. is a Canadian exploration company focused on the exploration of silver-cobalt deposits on its flagship South Lorrain Project (formerly the Keeley Frontier Project). The South Lorrain Project is located within the historic South Lorrain Silver Camp, which along with the historic Cobalt and Gowganda silver camps is part of a world class silver district in the Abitibi Greenstone Belt between Temagami and Kirkland Lake, in northeastern Ontario.
The South Lorrain Project is made up of four properties, centered by two prolific past producing silver-cobalt mines, the Keeley and the Frontier. Combined historic production from the two mines totaled 19.2 million ounces of silver, and 3.3 million pounds of cobalt, with an average grade of 58 ounces of silver per tonne.
The company will continue to focus its exploration efforts on the existing targets located on the Keeley-Frontier property portion of the project. For further details about the Company's project and plans please visit the Canadian Silver Hunter Inc. website at www.canadiansilverhunter.ca.
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.
This release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements, including those regarding the Company's appointment of a new Chief Financial Officer and regulatory approval thereof, may be identified by such terms as "subject to", "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions, including that the Company will obtain regulatory approval of its new Chief Financial Officer, and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, regulatory approval of the Company's new Chief Financial Officer could differ materially from those currently anticipated in such statements for many reasons including litigation, legislative, and other judicial, regulatory and competitive developments and other matters discussed in this release. The foregoing is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.