Post by Zoinkers on Jun 26, 2006 14:16:30 GMT -5
Press Release Source: Blue Note Metals Inc.
Blue Note Engages Key Project Manager for Caribou Re-Opening
Friday June 23, 8:00 am ET
Officers and consultants appointed; options granted
Symbol & Exchange: BNT-TSXV
MONTREAL, June 23 /CNW/ - Blue Note Metals Inc. reports that it has engaged John Middlemiss to act as the owner's representative with the engineering firms that will be charged with the engineering, construction and procurement and management of the development and re-opening of the Caribou mine. Mr. Middlemiss is the owner of Leslie Engineering (1988) Limited.
Middlemiss' expertise will help ensure that the project is completed on schedule. He was previously involved in executing a preliminary engineering review of the Caribou mill to address the process operating deficiencies it encountered during the 1997-98 operating period; and to incorporate the flow sheet modifications that came out of the 1999-2000 Lakefield study.
"I'm very pleased to have John involved in the project," said John Martin, President of Blue Note. "His participation will ensure that the project moves from detailed design to the commissioning and startup phase as quickly and efficiently as possible. John's involvement will also be a key factor in ensuring high-quality design and construction and the realization of smooth operations when the facility resumes production in the spring of 2007."
Blue Note is also pleased to announce that the following have been hired as officers of the company. Vince Portulese has been hired as Vice President, Finance. Mr. Portulese is a Certified Management Accountant with over 20 years experience with various public and private companies. John Mavridis has been engaged as Vice President, Corporate and Legal Affairs. Mr. Mavridis has been a Director and Corporate Secretary of the company since its inception. As a lawyer, he provided advice on securities and corporate law to various clients including exploration and mining companies and securities dealers. Lorne Woods will become Vice President, Investor Relations. Mr. Woods has 20 years experience owning and operating private investor relations companies.
In other news the company has granted stock options to officers, directors, employees and consultants of the company. A total of 12,520,000 incentive stock options were issued under the Company's Stock option plan with an exercise price of $0.39 per share. From this number, 11.5 million options were issued to directors of the Company.
Blue Note Metals is a mineral exploration and mine development company with properties in New Brunswick. The company's shares trade on the TSX Venture Exchange under the symbol BNT.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
For further information
Lorne Woods, Vice President, Investor Relations, Blue Note Metals, 1-800-937-3095, lwoods@bluenotemetals.ca, www.bluenotemetals.ca
--------------------------------------------------------------------------------
Source: Blue Note Metals Inc.
Blue Note Engages Key Project Manager for Caribou Re-Opening
Friday June 23, 8:00 am ET
Officers and consultants appointed; options granted
Symbol & Exchange: BNT-TSXV
MONTREAL, June 23 /CNW/ - Blue Note Metals Inc. reports that it has engaged John Middlemiss to act as the owner's representative with the engineering firms that will be charged with the engineering, construction and procurement and management of the development and re-opening of the Caribou mine. Mr. Middlemiss is the owner of Leslie Engineering (1988) Limited.
Middlemiss' expertise will help ensure that the project is completed on schedule. He was previously involved in executing a preliminary engineering review of the Caribou mill to address the process operating deficiencies it encountered during the 1997-98 operating period; and to incorporate the flow sheet modifications that came out of the 1999-2000 Lakefield study.
"I'm very pleased to have John involved in the project," said John Martin, President of Blue Note. "His participation will ensure that the project moves from detailed design to the commissioning and startup phase as quickly and efficiently as possible. John's involvement will also be a key factor in ensuring high-quality design and construction and the realization of smooth operations when the facility resumes production in the spring of 2007."
Blue Note is also pleased to announce that the following have been hired as officers of the company. Vince Portulese has been hired as Vice President, Finance. Mr. Portulese is a Certified Management Accountant with over 20 years experience with various public and private companies. John Mavridis has been engaged as Vice President, Corporate and Legal Affairs. Mr. Mavridis has been a Director and Corporate Secretary of the company since its inception. As a lawyer, he provided advice on securities and corporate law to various clients including exploration and mining companies and securities dealers. Lorne Woods will become Vice President, Investor Relations. Mr. Woods has 20 years experience owning and operating private investor relations companies.
In other news the company has granted stock options to officers, directors, employees and consultants of the company. A total of 12,520,000 incentive stock options were issued under the Company's Stock option plan with an exercise price of $0.39 per share. From this number, 11.5 million options were issued to directors of the Company.
Blue Note Metals is a mineral exploration and mine development company with properties in New Brunswick. The company's shares trade on the TSX Venture Exchange under the symbol BNT.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
For further information
Lorne Woods, Vice President, Investor Relations, Blue Note Metals, 1-800-937-3095, lwoods@bluenotemetals.ca, www.bluenotemetals.ca
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Source: Blue Note Metals Inc.