Donner Metals Ltd.

Donner Metals Ltd.

October 02, 2014 18:27 ET

Donner Announces Results of Annual General and Special Meeting of Shareholders and Appointments to the Advisory Committee

MONTRÉAL, QUÉBEC--(Marketwired - Oct. 2, 2014) - Donner Metals Ltd. ("Donner" or the "Corporation" ) (TSX VENTURE:DON), announces the results of voting at its annual and special meeting of shareholders held earlier today on October 2, 2014 in Montréal, Québec (the "Meeting"). At the Meeting, the shareholders overwhelmingly approved all the resolutions namely the election of directors, appointment of the auditor, amendment to the articles to allow the Board to appoint additional directors up to a maximum of one third of the number of directors elected at the previous meeting, change of name of the Corporation to Sphinx Resources Ltd. (to be enacted shortly), adoption of an advance notice by-law and finally approval of the issuance of up to 2,556,538 common shares to settle $332,350 of debt of the Corporation.

Election at the Board of Directors

Normand Champigny, Kerry Sparkes and David A. Johnson were reelected as directors. In addition, two new directors were elected: John W.W. Hick and Ingrid Martin.

John W. W. Hick, B.A., LL.B, has over 30 years' of experience in the mining industry in both senior management positions and as an independent director, during which he has spent the majority of his time based in Toronto, Canada. He is currently President and CEO of his own consulting company, John W. W. Hick Consultants Inc., and acts as an independent director of a number of TSX (or TSX-V) listed companies. Previously, Mr. Hick has held either senior management and/or board positions with a number of publically listed Canadian mining companies, including Medoro Resources Ltd., Rio Narcea Gold Mines Ltd, Defiance Mining Corp., Geomaque Explorations Ltd., TVX Gold Inc., Rayrock Resources Inc. and Placer Dome Inc.

Ingrid Martin, CPA, CA, has worked since 2004 with several mining and exploration organizations in Quebec and has considerable expertise in finance and business acquisitions. From 2001 to 2004, as Molson Canada Regional Accounting Director, she worked on financial reporting, tax compliance and budget process. From 1993 to 2001, she worked at Unisource Canada, Inc., a national single-source distributor, holding several accounting and operational positions. Ingrid Martin holds a Bachelor in Business Management from HEC Montréal, Québec. She's a member of the Ordre des comptables professionnels agréés du Québec since 1990 and started her career working four years as external auditor at Price Waterhouse. Ms. Martin was appointed as CFO of the Corporation on April 30, 2014.

Subsequent to the Meeting, Mr. Hick was appointed as Chairman of the Corporation.

Appointment to the Advisory Committee

Robin N. Adair and Michel Gauthier were appointed to the Advisory Committee.

Robin Adair has 32 years of experience on North American and international mineral exploration and development projects. He holds a M.Sc. and a B.Sc. degree from the University of Alberta and is a registered Professional Geologist in Quebec and New Brunswick. His experience spans exploration through discovery, development and production involving roles in senior management, business development as well as technical direction. Mr. Adair's career has focussed on base and precious metals projects. He spent 25 years at Noranda Inc. and Falconbridge Limited followed by seven years with Donner Metals Ltd. He holds or has held directorships in a number of companies.

Michel Gauthier is a consultant and professor of mining exploration at Université du Québec à Montréal (UQAM). Mr. Gauthier, recently retired, has extensive knowledge of the mining sector in which he operates since 1970. Over time, Mr. Gauthier has been involved in the generation of mining projects in Canada and internationally. It is for this reason that in 2001 he co-baptized a gold prospect, named Éléonore, in the James Bay region of Quebec. Since 1995, he acts as an advisor to the Fonds de solidarité FTQ mining portfolio. In the past, he has been, among other duties, a committee member of the mining sector of the Auditor General of Quebec and Advisory Committee of the Quebec Ministry of Energy and Resources-Mines and Vice-Chairman of the Board of Directors of SOQUEM. In addition, he was a visiting professor, notably at the University of Concepcion in Chile, the University of Brasilia in Brazil, the University of Western Australia and the University of Liege in Belgium. Mr. Gauthier holds an engineering degree and a Ph.D. in geological engineering from École Polytechnique de Montréal. He is a member of the Ordre des ingénieurs du Québec and Ordre des géologues du Québec. He is a Fellow of the Society of Economic Geologists.

About Donner

Donner is an exploration company focused on the development of mineral exploration projects in Quebec and on executing a roll-up strategy that includes the acquisitions of operating mines. The Corporation is committed to a leading standard of practice with respect to health, safety, community relations and environmental management.

For further information, please consult Donner's website.

Neither 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 press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Donner's periodic reports including the annual report or in the filings made by Donner from time to time with securities regulatory authorities.

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