Champion Iron Limited press release
Armistice Resources Corp. appoints advisor to the board
TSX - Toronto Stock Exchange · Iron · Aluminium · Manganese · Copper · Zinc · Australia
Issued and Outstanding common shares: 46,603,398
TORONTO, May 30 /CNW/ - Armistice Resources Corp. (TSX: AZ) ("Armistice" or the "Corporation") announces the appointment of Paul J. Bennett as an advisor to the board of directors of Armistice effective May 28, 2007. Mr. Bennett has over 37 years of experience in geoscience, mining and oil/gas exploration, development and producing. He is currently the President and CEO of Energus Resources Ltd. of Calgary, Alberta, and also serves as Director, President and COO for Officer Basin Energy Inc. At various times Mr. Bennett has held executive and senior management positions with ExxonMobil Canada, Sable Offshore Energy Project, and Mobil Oil Canada. He has also served as a director of the Maritimes & NE Pipeline. Mr. Bennett is a director of Uranium Participation Corp. and President of Uranium Participation Alberta Corp.
Mr. Bennett has done geoscience work in every province and territory in Canada over a 37 year period, and has lived and worked in Australia, Europe and the USA. His work experience has involved oil and gas companies, mining companies and several provincial resource surveys (Ont. & NB). Todd J. Morgan, President and CEO, commented, "We are very pleased to have Mr. Bennett act as our advisor over the coming months. Mr. Bennett will be nominated to our board of directors at the next shareholders meeting."
The Corporation also announces the submission of the required closure plan for the McGarry advanced exploration project as mandated by the Mining Act of Ontario. As outlined in Part VII, section 145 of the Act, the closure plan was accompanied by a financial assurance in the amount of $365,700. The closure plan was prepared by N.A.R. Environmental Consultants Inc.
Armistice is a Canadian exploration company that owns an advanced exploration underground gold project in North-eastern Ontario located on the prolific Larder Lake break. The McGarry project consists of 34 contiguous patented mining claims and licences of occupation totaling 484 hectares which adjoins the former producing Kerr Addison gold mine which produced in excess of 11 million ounces of gold. The project has been dewatered and the mining contractor is completing rehabilitation work at the site.
ARMISTICE RESOURCES CORP.
"Todd J. Morgan"
Todd J. Morgan
President, CEO and Chairman of the Board