Freyja Resources Inc.
TSX VENTURE : FRA

November 12, 2013 11:41 ET

Freyja Resources Inc.: New Appointments

MONTREAL, QUEBEC--(Marketwired - Nov. 12, 2013) - Freyja Resources Inc. ("Freyja" or the "Company") (TSX VENTURE:FRA) is pleased to announce the appointment of Jean Halde as a director and Michel Lebeuf as Corporate Secretary of the Company.

Jean Halde is a Geological Engineer with a master degree in geology from the Université Laval in Québec City. He has worked for more than 25 years as an environmental consultant, directing projects in the fields of site assessment and remediation, hydrogeology and environmental management and permitting and providing services for environmental due diligence, litigation support and technical presentation in public hearings and meetings. During his 19 years as the owner of DDH Environnement Ltée, an environmental consulting firm, he was responsible for business planning and development, financial aspects, HR management and quality control.

Michel Lebeuf practice is primarily centered on securities laws, particularly in the areas of natural resources, institutional and corporate finance, and public and private mergers and acquisitions. He represents public companies, securities brokers, buyers, sellers, bankers and financial advisors, providing strategic advice on access to public capital markets, securities markets and structured products markets. Mr. Lebeuf also has extensive experience in corporate restructuring, public and private transfers and institutional financings.

Mr. Lebeuf was granted 50,000 stock options of the Company. Each option entitles its holder to acquire one share of the Company at $0.22 for a five-year period.

Ms. Nathalie Laurin, formerly corporate secretary, will remain as assistant to the corporate secretary and the Chairman.

ABOUT FREYJA RESOURCES INC.

Freyja Resources Inc. is a mining exploration company listed on the TSX Venture Exchange under the symbol "FRA". Freyja Resources' main operations are conducted through its wholly-owned subsidiary Cyprium Mining Corporation ("Cyprium"). Cyprium is a mineral exploration company which targets the acquisition and generation of mining projects located solely in Northern Mexico that have a potential for profitable precious and base metal open pit production. Cyprium is committed to maximizing shareholder value by strategically ensuring efficient and profitable production and focusing on a hybrid exploration/production business model. Cyprium prioritizes projects accessible by well-maintained roads and/or railroad systems. Upon completion of a conclusive exploration campaign, Cyprium's focus is to rapidly establish an economical production and maximize the project potential by funding further exploration through cash generated by production, thus limiting shareholder dilution.

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 press release.

Contact Information

  • Alain Lambert
    Chairman
    (514) 219-7988

    Robert Ayotte
    Director
    (450) 441-9177