Razore Rock Resources Inc.
CSE : RZR

February 19, 2014 08:00 ET

Razore Rock Strengthens Management Team and Grants Stock Options

TORONTO, ONTARIO--(Marketwired - Feb. 19, 2014) - Razore Rock Resources Inc. ("Razore Rock" or the "Company") (CSE:RZR) is pleased to announce that Mr. William McGuinty has been appointed to its Board of Directors, Mr. Rodger Roden has been appointed Chief Financial Officer and Mr. Gary F. Zak has been appointed Vice President, Corporate Development. All new management appointments are subject to regulatory approval.

Bill McGuinty is president of OTD Exploration Services Inc. and has worked in Canada and internationally for Canadian stock exchange listed junior mineral exploration companies since 1981, primarily in the search for gold and silver. He has held progressive positions as project geologist, exploration manager and country manager. Most recently he has served as Vice-President Exploration, both in Canada with Queenston Mining Inc. until its acquisition by Osisko Mining Corporation and in South and Central America with Intrepid Mines Ltd. until its takeover. His work experience spans all aspects of exploration management through to completion of feasibility studies and completion of Environmental Impact statements. He is fluent in English, French and Spanish and is a registered Professional Geoscientist in the provinces of Ontario and Saskatchewan. Mr. McGuinty served as Co-chair of the Advisory Panel to Canada's Corporate Social Responsibility Counsellor and is currently a member of the Ontario Minister's Mining Act Advisory Committee. Mr. McGuinty is also a director with Soltoro Ltd. Mr. McGuinty has been granted 150,000 stock options exercisable at $0.14 per share for five years in conjunction with his appointment to the Board.

Rodger Roden is a Certified Professional Accountant with more than 26 years of industry experience. He has worked as Vice President of Finance/Chief Financial Officer with public and private companies in a broad range of industries including the mineral sector. His experience includes all aspects of corporate finance, mergers and acquisitions, IT implementations, tax, and business systems and process analyses and implementation. Mr. Roden has been granted 150,000 stock options exercisable at $0.14 per share for five years.

Gary F. Zak has for the past 30 years provided expertise in assisting early stage companies to source financing, key personnel, corporate alliances and develop marketing strategies in the Public sector. He is currently a director of Alto Ventures Ltd., Bold Ventures Inc., RCP Capital Corp. and President of Whitewater Capital Corp. Mr. Zak has been granted 100,000 stock options exercisable at $0.14 per share for five years and will be paid a monthly fee of $1,500.

Bill Johnstone, Corporate Secretary, commented: "Bill, Rodger and Gary are a great addition to the existing management of Razore Rock. Bill McGuinty's recent gold exploration experience with Queenston will be a tremendous asset when Razore Rock is able to proceed with its proposed drill program at Oxford Lake. Rodger Roden works with a number of junior exploration companies and brings a wealth of accounting experience to the table. Gary Zak will give Razore Rock exposure to the slightly more optimistic and entrepreneurial market in Vancouver as he applies his 30 years of experience to familiarizing the West with both Razore Rock and the Canadian Securities Exchange. I am very pleased that these gentlemen have agreed to join the Razore Rock team to work to build a viable junior gold explorer."

About Razore Rock Resources Inc.

Razore Rock Resources Inc. is a mineral exploration company focused on the acquisition, exploration and development of mineral resources, primarily gold, in Manitoba. Razore Rock holds an option to earn up to a 60% working interest in the 35,300 ha Oxford Lake Gold Property in central Manitoba, which hosts an historic gold deposit, as well as a 100% interest in five mining claim blocks (the "Duff Claims Property") in the Sourdough Bay and Mikanagan Faults Area, Flin Flon District, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this Press Release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.

Contact Information

  • Razore Rock Resources Inc.
    Bill Johnstone
    Corporate Secretary
    (416) 865-6605