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Post by Franko10 ™ on Jan 31, 2005 15:14:49 GMT -5
Kensington Announces Appointments and Additions to its Communications Team
VICTORIA, British Columbia -- Kensington Resources Ltd. (TSX VENTURE:KRT) (the "Company") announces that at a meeting of the board of directors on September 17, 2004, a number of appointments were made to strengthen the Company's management and communications team.
In the area of investor relations, the Company is pleased to announce the appointment of Mel Gardner as Manager of Investor Relations. Mr. Gardner has a strong history of business development and sales management and a proven record in brokerage and wealth management. He has over 20 years' experience in the Canadian financial industry with Scotia McLeod Inc. and RBC Dominion Securities, two of Canada's major financial institutions and with HSBC Asset Management, one of the world's largest international financial institutions. Mr. Gardner will be paid the sum of $85,000 per annum and has been granted 100,000 stock options exercisable at a price of $1.10 per share for a five-year period. The stock options are subject to vesting over a one-year period. The investor relations contract is subject to regulatory approval.
Ann Gibbs, who has been involved with the Company since 2002 and has over twelve years' experience as corporate communications and media relations consultant, has been appointed to the position of Public and Corporate Affairs. In that role, Ms. Gibbs will be responsible for developing corporate communications and marketing strategies to support the Company's business objectives.
Commenting on the appointments, Robert A. McCallum states, "I am pleased to have Mel Gardner and Ann Gibbs joining Kensington's communications team. Both have proven skills and experience which will bring strength to the Company's investor relations and communications initiatives. Our corporate objective is to work actively with our Joint Venture partners to bring the Fort a la Corne project to a mining operation as rapidly as possible. The appointment of a strong communications team represents our commitment to building sustainable growth in the market and increased shareholder value."
Robert A. McCallum, who has served as President since June 1, 2004, was appointed to the position of Chief Executive Officer of the Company.
Brent C. Jellicoe, who has served as Chief Geologist of the Company since March, 2000, was appointed to the position of Exploration Manager. Mr. Jellicoe is the Qualified Person for the Company and has been directly involved with all aspects of diamond exploration and project management for the Fort a la Corne Joint Venture in Saskatchewan, since 1995. In particular, he has worked towards the optimization of drilling procedures and diamond recovery. Prior to 1995, Mr. Jellicoe was involved in a wide range of oil & gas and industrial mineral projects, which included diamond exploration and drilling in central Saskatchewan. Mr. Jellicoe has a B.Sc. (Hons.) in Geology from the University of Saskatchewan in 1987 and is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan.
In addition to the stock options to Mel Gardner, the Company reports the granting of a further 250,000 stock options exercisable at a price of $1.10 per share for a five-year period to an employee and a consultant of the Company. The stock options are subject to vesting over a one-year period.
Using the expertise of proven management and world-class, experienced technical advisors, Kensington Resources Ltd. is actively involved in confirming the economic potential of this deposit and moving the project forward to a development decision as rapidly as possible. The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.25%), De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (5.5%) and UEM Inc. (carried 10%). 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.
Robert A. McCallum
President and CEO
FORM 20-F FILE #0-24980
LISTED�IN�STANDARD�&�POOR'S
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
COPYRIGHT 2004 Business Wire
COPYRIGHT 2004 Gale Group
VICTORIA, British Columbia -- Kensington Resources Ltd. (TSX VENTURE:KRT) (the "Company") announces that at a meeting of the board of directors on September 17, 2004, a number of appointments were made to strengthen the Company's management and communications team.
In the area of investor relations, the Company is pleased to announce the appointment of Mel Gardner as Manager of Investor Relations. Mr. Gardner has a strong history of business development and sales management and a proven record in brokerage and wealth management. He has over 20 years' experience in the Canadian financial industry with Scotia McLeod Inc. and RBC Dominion Securities, two of Canada's major financial institutions and with HSBC Asset Management, one of the world's largest international financial institutions. Mr. Gardner will be paid the sum of $85,000 per annum and has been granted 100,000 stock options exercisable at a price of $1.10 per share for a five-year period. The stock options are subject to vesting over a one-year period. The investor relations contract is subject to regulatory approval.
Ann Gibbs, who has been involved with the Company since 2002 and has over twelve years' experience as corporate communications and media relations consultant, has been appointed to the position of Public and Corporate Affairs. In that role, Ms. Gibbs will be responsible for developing corporate communications and marketing strategies to support the Company's business objectives.
Commenting on the appointments, Robert A. McCallum states, "I am pleased to have Mel Gardner and Ann Gibbs joining Kensington's communications team. Both have proven skills and experience which will bring strength to the Company's investor relations and communications initiatives. Our corporate objective is to work actively with our Joint Venture partners to bring the Fort a la Corne project to a mining operation as rapidly as possible. The appointment of a strong communications team represents our commitment to building sustainable growth in the market and increased shareholder value."
Robert A. McCallum, who has served as President since June 1, 2004, was appointed to the position of Chief Executive Officer of the Company.
Brent C. Jellicoe, who has served as Chief Geologist of the Company since March, 2000, was appointed to the position of Exploration Manager. Mr. Jellicoe is the Qualified Person for the Company and has been directly involved with all aspects of diamond exploration and project management for the Fort a la Corne Joint Venture in Saskatchewan, since 1995. In particular, he has worked towards the optimization of drilling procedures and diamond recovery. Prior to 1995, Mr. Jellicoe was involved in a wide range of oil & gas and industrial mineral projects, which included diamond exploration and drilling in central Saskatchewan. Mr. Jellicoe has a B.Sc. (Hons.) in Geology from the University of Saskatchewan in 1987 and is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan.
In addition to the stock options to Mel Gardner, the Company reports the granting of a further 250,000 stock options exercisable at a price of $1.10 per share for a five-year period to an employee and a consultant of the Company. The stock options are subject to vesting over a one-year period.
Using the expertise of proven management and world-class, experienced technical advisors, Kensington Resources Ltd. is actively involved in confirming the economic potential of this deposit and moving the project forward to a development decision as rapidly as possible. The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.25%), De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (5.5%) and UEM Inc. (carried 10%). 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.
Robert A. McCallum
President and CEO
FORM 20-F FILE #0-24980
LISTED�IN�STANDARD�&�POOR'S
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
COPYRIGHT 2004 Business Wire
COPYRIGHT 2004 Gale Group
