Owner
Post by Franko10 ™ on Jan 31, 2005 13:28:05 GMT -5
Directors Re-Elected by Shareholders At AGM
Kensington Resources Ltd. (TSX Venture:KRT) (the "Company") is pleased to report that the shareholders of the Company voted overwhelmingly in favour of re-electing David H. Stone, James Rothwell, William Zimmerman, Murray Tildesley and Tony Pezzotti at the Annual General Meeting held in Vancouver, BC on June 28, 2002. Subsequent to the AGM, David H. Stone was reappointed President of the Company for the ensuing year.
Commenting on the re-elections, David H. Stone, President of the Company stated, "The directors are committed to creating long term value for our shareholders through the advancement of the Fort a la Corne Project. In the past year, we have spent $2.0 million on exploration at Fort a la Corne, successfully implemented a Shareholders' Rights Plan to protect our shareholders from unfair, abusive or coercive take-over strategies, raised awareness of the Company's activities through effective investor relations programs, enhanced the board of directors with the appointments of Mssrs. Rothwell and Zimmerman and ended the month of June 2002 with a positive cash position of approximately $1.5 million. We are pleased to have your continued support and will strive to surpass our achievements in the coming year."
Mr. Stone has over twenty years' experience in mining and mineral exploration, including ground surveying, sampling and plotting, and over ten years' experience as a director and/or officer of public companies. He was one of the original Directors of the Company and has been President since June 1997. Mr. Tildesley, a Director of the Company since October 1998, is President and owner of a sport publishing company and a former financial analyst with the Bank of Montreal. He has a B.Comm. from Sir George Williams University (now Concordia) in Montreal. Mr. Pezzotti (retired) was General Manager and co-owner of a steel company in British Columbia. A Director of the Company since October 1998, Mr. Pezzotti has also been a director of Offshore Systems International Ltd. since 1990 and is a past director of First Quantum Minerals Ltd., both listed on the TSX Stock Exchange.
Mr. Rothwell, a Director of the Company since June 2002, was President and CEO of Dia Met Minerals Ltd. between 2000 and 2001 where he successfully implemented the Board of Directors' decision to sell the company at a significant premium for its shareholders. Prior to that, he worked for BHP Minerals between 1986 and 2000 where he held the position of President of BHP Diamonds from 1997 to 2000. Mr. Rothwell led BHP's entry into the diamond industry via development of the EKATI Diamond Mine in the Northwest Territories, Canada's first producing diamond mine. Mr. Rothwell has over 25 years' experience in corporate strategic planning and business development in Canada, the United States, Australia and Brazil. He is a graduate of Stanford University where he completed the Marketing Management Program and received his MBA.
Mr. Zimmerman, a Director of the Company since June 2001, has more than 30 years' experience in international mining with BHP and Utah International. He entered the diamond industry in 1994 and was instrumental in the development of the marketing program for the EKATI Diamond Mine. He later served as President of BHP Diamonds and retired from service with BHP in May 2001. He has a B.Sc. in Mineral Economics from the Pennsylvania State University and an MBA from the University of San Francisco.
The Fort a la Corne Diamond Project is a joint venture among De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (CCO-TM;CCJ-DNQX;CMECF-L) (5.5%), UEM Inc. (carried 10%), and Kensington Resources Ltd. (KRT-CDNX;KNSRF-L) (42.25%). The 71+ kimberlite bodies of the Fort a la Corne Field form one of the largest diamondiferous clusters in the world.
ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD.
(signed) "David H. Stone"
David H. Stone President
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others, the risk factors contained in the Company's documents filed from time to time with the B.C. Securities Commission and the U.S. Securities and Exchange Commission.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
COPYRIGHT 2002 Business Wire
COPYRIGHT 2002 Gale Group
Kensington Resources Ltd. (TSX Venture:KRT) (the "Company") is pleased to report that the shareholders of the Company voted overwhelmingly in favour of re-electing David H. Stone, James Rothwell, William Zimmerman, Murray Tildesley and Tony Pezzotti at the Annual General Meeting held in Vancouver, BC on June 28, 2002. Subsequent to the AGM, David H. Stone was reappointed President of the Company for the ensuing year.
Commenting on the re-elections, David H. Stone, President of the Company stated, "The directors are committed to creating long term value for our shareholders through the advancement of the Fort a la Corne Project. In the past year, we have spent $2.0 million on exploration at Fort a la Corne, successfully implemented a Shareholders' Rights Plan to protect our shareholders from unfair, abusive or coercive take-over strategies, raised awareness of the Company's activities through effective investor relations programs, enhanced the board of directors with the appointments of Mssrs. Rothwell and Zimmerman and ended the month of June 2002 with a positive cash position of approximately $1.5 million. We are pleased to have your continued support and will strive to surpass our achievements in the coming year."
Mr. Stone has over twenty years' experience in mining and mineral exploration, including ground surveying, sampling and plotting, and over ten years' experience as a director and/or officer of public companies. He was one of the original Directors of the Company and has been President since June 1997. Mr. Tildesley, a Director of the Company since October 1998, is President and owner of a sport publishing company and a former financial analyst with the Bank of Montreal. He has a B.Comm. from Sir George Williams University (now Concordia) in Montreal. Mr. Pezzotti (retired) was General Manager and co-owner of a steel company in British Columbia. A Director of the Company since October 1998, Mr. Pezzotti has also been a director of Offshore Systems International Ltd. since 1990 and is a past director of First Quantum Minerals Ltd., both listed on the TSX Stock Exchange.
Mr. Rothwell, a Director of the Company since June 2002, was President and CEO of Dia Met Minerals Ltd. between 2000 and 2001 where he successfully implemented the Board of Directors' decision to sell the company at a significant premium for its shareholders. Prior to that, he worked for BHP Minerals between 1986 and 2000 where he held the position of President of BHP Diamonds from 1997 to 2000. Mr. Rothwell led BHP's entry into the diamond industry via development of the EKATI Diamond Mine in the Northwest Territories, Canada's first producing diamond mine. Mr. Rothwell has over 25 years' experience in corporate strategic planning and business development in Canada, the United States, Australia and Brazil. He is a graduate of Stanford University where he completed the Marketing Management Program and received his MBA.
Mr. Zimmerman, a Director of the Company since June 2001, has more than 30 years' experience in international mining with BHP and Utah International. He entered the diamond industry in 1994 and was instrumental in the development of the marketing program for the EKATI Diamond Mine. He later served as President of BHP Diamonds and retired from service with BHP in May 2001. He has a B.Sc. in Mineral Economics from the Pennsylvania State University and an MBA from the University of San Francisco.
The Fort a la Corne Diamond Project is a joint venture among De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (CCO-TM;CCJ-DNQX;CMECF-L) (5.5%), UEM Inc. (carried 10%), and Kensington Resources Ltd. (KRT-CDNX;KNSRF-L) (42.25%). The 71+ kimberlite bodies of the Fort a la Corne Field form one of the largest diamondiferous clusters in the world.
ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD.
(signed) "David H. Stone"
David H. Stone President
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others, the risk factors contained in the Company's documents filed from time to time with the B.C. Securities Commission and the U.S. Securities and Exchange Commission.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
COPYRIGHT 2002 Business Wire
COPYRIGHT 2002 Gale Group
