Lions Gate Metals Inc.

TSX VENTURE : LGM


Lions Gate Metals Inc.

December 04, 2013 16:43 ET

Lions Gate Metals Inc. Announces Appointment of New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 4, 2013) - Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company") is pleased to announce that it has appointed Dr. Peter Born, P. Geol., to the Board of the Company as an independent director.

Dr. Peter Born is a P. Geol. with the Association of Professional Geoscientists of Ontario and a Fellow of the Geological Association of Canada. He brings more than 30 years' experience exploring and evaluating mining properties for senior and junior Canadian and American resource companies. He holds a Ph.D. in Earth Sciences with expertise in Precambrian sedimentary geology, basin analysis, sedimentology, stratigraphy and sedimentary ore deposits.

Dr. Born has worked extensively in Archean greenstone terrains throughout Canada and modeled/explored gold systems/alteration halos in both iron formation gold deposits as well as vein type deposits. As a Resource Geologist, Peter dealt extensively with QA/QC issues with respect to data handling, data integrity, resource auditing, error assessment and uncertainty in generating both ore reserves and geological models. Dr. Born currently serves as a director for several resource companies listed on the TSX Venture Exchange.

"Lions Gate is very happy to have Dr. Born join the team. As the junior resource market is still volatile and underfunded, we are being patient and sourcing a number of opportunities and Dr. Born's background will assist us in this endeavor. With our restructuring complete Lions Gate now has approximately 7,036,956 shares on an issued and outstanding basis. With a closing price today of $0.05 per share, our market cap is a mere $351,847. With the 100% owned Poplar Copper project back in our portfolio we remain very optimistic about the future of Lions Gate Metals and the Canadian copper resource market," stated Mr. Arni Johannson.

Sincerely on behalf of the Board of Directors,

Arni Johannson, CEO & Chair, Lions Gate Metals Inc.

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 PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE, INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING FUTURE PLANS AND OBJECTIVES OF THE COMPANY ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS. IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE COMPANY'S PLANS OR EXPECTATIONS INCLUDE AVAILABILITY OF CAPITAL AND FINANCING IN CONNECTION WITH THE COMPANY'S PROPOSED PRIVATE PLACEMENT, GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS, REGULATORY CHANGES, TIMELINES OF GOVERNMENT OR REGULATORY APPROVALS AND OTHER RISKS DETAILED HEREIN AND FROM TIME TO TIME IN THE FILINGS MADE BY THE COMPANY. ACCORDINGLY, READERS ARE ADVISED NOT TO PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS OR INFORMATION.

Contact Information

  • Lions Gate Metals
    Blair McIntyre
    Exec VP
    (778) 837-6812