November 07, 2012 12:39 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2012) - Terreno Resources Corp. ("Terreno" or the "Company") (TSX VENTURE:TNO) is pleased to announce that it has appointed Bruce Keith to the position of President and CEO. Mr. Keith brings 18 years of experience in building and turning around businesses in Latin America. He has worked and lived in multiple countries across the region and most recently founded a biofuels resource and production company in the Caribbean. Mr. Keith was born in the Dominican Republic, living there while his father built the Falcondo mining operation. He was educated in Canada at Queen's University where he received a BA with Honours in Politics, International Relations and Latin American Studies. He went on to complete his MA in International Law and Diplomacy at the Fletcher School, Tufts University in Massachusetts, USA. Mr. Keith was also appointed as a director of Terreno at the annual meeting of its shareholders which took place on November 5, 2012.
With Mr. Keith's appointment as President and C.E.O., Terreno also announces the departure of Mr. Phillip Williams, who will remain a member of Terreno's Board of Directors.
Together with his appointment, subject to approval of the TSX Venture Exchange, Mr. Keith has been granted incentive stock options to purchase 500,000 common shares of Terreno at a price of $0.15 with the first tranche vesting immediately and then every 6 months for a period of 24 months and expiring November 5, 2017.
Terreno continues to actively pursue new opportunities in the region to complement its assets in Argentina.
About Terreno Resources
Terreno, meaning "of the earth" in Spanish, represents the Company's focus on natural resource opportunity development in South America. Terreno has option agreements on two exploration projects in Argentina; Poposa (formerly referred to as Amarillo) in San Juan, and Socompa in Salta. Both projects boast significant alteration systems and have the potential for copper, gold and silver mineralization. For more information, please visit www.terrenoresources.com.
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.
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