SOURCE: LeadFX Inc.

LeadFX Inc.

December 09, 2015 17:15 ET

LeadFX Announces Senior Management Changes

TORONTO, ON--(Marketwired - December 09, 2015) - LeadFX Inc. (the "Company" or "LeadFX") (TSX: LFX) is pleased to announce that at the meeting of the Board of Directors (the "Board") held on December 8th, 2015, the Board approved various senior management changes.

Lincoln Greenidge was appointed Chief Financial Officer ("CFO") of the Company, effective immediately. Mr. Greenidge is currently the Corporate Controller of LeadFX and VP, Finance and Corporate Controller of Enirgi Group Corporation ("Enirgi Group"), the Company's majority shareholder. Under the management services agreement between the Company and Enirgi Group, Enirgi Group provides key executive officers to LeadFX. Mr. Greenidge has 17 years of finance experience with public companies in the mining and other manufacturing industries. Alan You Lee, who has served as CFO since June 2014 will continue to focus exclusively on his role as CFO of Enirgi Group, but will remain available to the Company to assist with the transition.

Furthermore, the Company is also pleased to announce two additional senior management appointments: Rob Scargill as Managing Director and Doug Grimmond as Director of Mining Operations, Australia. Mr. Scargill is a qualified Mining Engineer with over 25 years in the Australasian and North American mining industry. Rob currently also serves as the Divisional Director, Resources, of Enirgi Group and has a wealth of experience leading several mine start-ups and operation turnarounds. Mr. Scargill will serve under Wayne Richardson, who will remain CEO of LeadFX. Mr. Grimmond is a Chemical Engineer with over 10 years of general management experience including mining, mineral processing and rail operations and has served as General Manager of the Company's flagship lead carbonate operation in Western Australia for the past 5 years. Todd Vains has stepped down as Executive Vice President, Operations to focus on a new role within Enirgi Group's global business.

The Honorable J. Trevor Eyton, Chairman of LeadFX, commented: "On behalf of LeadFX and the Board I would like to thank both Alan and Todd for their service and dedication to the Company over the years. We are also pleased to have Lincoln Greenidge, Rob Scargill and Doug Grimmond as part of the senior management team. Not only does this group strengthen and increase management bandwidth, each individual brings a wealth of experience to LeadFX and can step seamlessly into their new roles. We are looking forward to the further development of the LeadFX operations in both the United States and Australia and believe we have put together a great team of people to drive value and deliver success."

Additional information on LeadFX can be found on SEDAR at www.sedar.com and the Company's website at www.leadfxinc.com

About LeadFX
LeadFX is a Canadian-based mining company focused on the development of lead-silver projects located in stable jurisdictions. Our current portfolio includes a restart-ready lead operation in Western Australia and a development project in Utah, USA. The Company is developing opportunities at its new properties in North America to underpin future cash flow and growth. LeadFX trades under the symbol "LFX" on the Toronto Stock Exchange.

Contact Information

  • For further information please contact:
    LeadFXInc.
    Jessica Helm
    VP, Corporate Communications
    Suite 3001, 1 Adelaide Street East
    Toronto, Ontario M5C 2V9
    (416) 867 9298
    Email: info@leadfxinc.com