Southern Energy Corp press release
Armistice Resources Corp. Appoints New Director
TSXV - TSX Venture Exchange · Natural Gas · Natural Gas Liquids · Oil · Canada
Issued and Outstanding common shares: 46,503,398
TORONTO, Jan. 15 /CNW/ - Armistice Resources Corp. (TSX: AZ) ("Armistice" or the "Corporation") is pleased to announce the appointment of Mr. James O'Donnell as a new director effective January 3, 2007. Mr. James O'Donnell, has over 40 years experience in business, including leadership roles in the brokerage, mutual fund and investment management industries. Prior to founding O'Donnell Capital Group, Mr. O'Donnell was founder, Chairman and Chief Executive Officer of O'Donnell Investment Management Corp. ("OIMC"). OIMC was launched in December 1995 and within one year had attracted over $1 billion in assets under management. Mr. O'Donnell took OIMC public 18 months after its launch in a successful initial public offering on the TSX. In June 1999, Mr. O'Donnell oversaw the successful sale of OIMC for over $80 million.
Previously, Mr. O'Donnell was President and one of the founders of Mackenzie Financial Corporation ("MFC"). Mr. O'Donnell was instrumental in building MFC's asset base from less than $10 million to several billion dollars during his 20 years with MFC. When Mr. O'Donnell retired from MFC in 1993, he left one of the largest mutual fund companies in Canada. Mr. O'Donnell expanded MFC into the United States, setting up Mackenzie Investment Management Inc., which was subsequently taken public. Mr. O'Donnell also moved MFC into the Canadian trust industry with Mackenzie Trust Company. Todd J. Morgan, President and CEO, commented, "We are very pleased to have Mr. O'Donnell join our board of directors. He brings with him an impressive pedigree in the financial community and adds a welcome new dimension to our board."
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 totalling 484 hectares which adjoins the former producing Kerr Addison gold mine which produced in excess of 11 million ounces of gold. The dewatering of the underground workings is progressing as planned.
ARMISTICE RESOURCES CORP.
"Todd J. Morgan"
Todd J. Morgan
President, CEO and Chairman of the Board