Guildhall Minerals Ltd.
TSX VENTURE : EDE

June 03, 2009 09:00 ET

Guildhall Announces New President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 3, 2009) - Guildhall Minerals Ltd. (the "Company") (TSX VENTURE:EDE) is pleased to announce the appointment of Mr. Brad Nichol, P. Eng., MBA as the new President of Guildhall Minerals. He replaces the outgoing President, Mr. Chris Cooper, effective immediately. Mr. Cooper will remain on the Board of Directors of the company.

Mr. Nichol's Executive career encompasses significant Oil and Gas experiences in private and public startups, takeovers and turnarounds. In these roles, Mr. Nichol has advised CEO's and CFO's of Fortune 500 corporations on business and corporate strategies, mergers & acquisitions and corporate reorganizations, all with a rigorous focus on maximizing shareholder value.

Mr. Nichol joined Schlumberger in 1992 and consequently worked in various technical, marketing and sales roles across North America, South America and Europe. The majority of his efforts focused on reservoir evaluation and enhancement strategies. From 1996 until 1999 Mr. Nichol managed operations and executed projects in Canada and South America, including responsibility for reservoir stimulation and wellbore construction services for BP in Colombia. In 1999, Mr. Nichol moved to the United Kingdom and joined a business unit in the Measurement and Systems division of Schlumberger. In this role, Mr. Nichol was on the team responsible for the corporate turnaround and eventual sale of that UK business. He returned briefly to the United States in 2001 as a Technical Manager for the Eastern USA On-Shore Segment prior to leaving the company in mid-2001.

Mr. Nichol subsequently left Schlumberger to pursue his MBA at the London Business School in the UK where he graduated in 2003 at the top 10% of his class. Mr. Nichol also holds a BSc. in Mechanical Engineering from the University of Alberta and has been a registered Professional Engineer since 1994.

In related news, the Company announces that it has granted a total of 2,700,000 options to purchase capital stock of the Company at a price of $0.30 for a period of five years to its Directors, officers and consultants to the Company.

ON BEHALF OF THE BOARD

Chris Cooper, Director

Completion of the transaction is subject to a number of conditions, including Exchange acceptance and disinterested Shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that except as disclosed in the Filing Statement to be prepared in connection with the transaction, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of Guildhall Minerals Ltd. should be considered highly speculative.

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.

Contact Information

  • Guildhall Minerals Ltd.
    Chris Cooper
    (604) 689-8336
    (604) 682-5564 (FAX)