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Re: News Release - Wednesday, May 27, 2009
Crowflight Appoints Mike Kelly as President & CEO and Mike
Hoffman as Chairman
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CROWFLIGHT MINERALS INC. ("Crowflight", the "Company") (TSX: CML) today
announces that it has appointed Michael D. Kelly, P. Eng. as President,
CEO and a director of the Company, effective June 1, 2009. Mr. Kelly
replaces Mike Hoffman, who will move to the position of Chairman of the
Board for Crowflight. Bruce Humphrey, the former Chairman, will remain
on the Board of Directors.
Mike Kelly has over 25 years of experience in mining operations and
engineering and has overseen numerous operating mines in Canada,
particularly in Manitoba. Mr. Kelly spent over 10 years as General
Manager of the New Britannia Mine in Snow Lake, Manitoba and as Vice
President Mining of Vale Inco's Thompson, Manitoba mines. Earlier in
his career he worked at a number of the Hudson Bay Minerals mine sites.
He holds a Master's degree in Mining Engineering from Queen's
University.
"We are very pleased to welcome Mike Kelly to Crowflight. With his
depth of operational experience, he will be a valuable asset to
Crowflight's management team as the Company continues to ramp up
production at the Bucko Lake Nickel Mine," commented Mike Hoffman,
Crowflight's new Chairman. "Mike Kelly has worked extensively in
northern Manitoba throughout his career and is therefore very familiar
with the region of Crowflight's primary operating asset and its
exploration properties."
Bruce Humphrey, outgoing Chairman of Crowflight, said "On behalf of the
Board of Directors, we wish to thank Mike Hoffman for all his work as
President and CEO in advancing the Company to its current
pre-production phase. We are delighted that he will remain in the
capacity of Chairman going forward."
"I am very excited to be joining Crowflight at such a pivotal time in
its development," commented Mike Kelly. "Crowflight has managed to
successfully build, finance and commence operations of Canada's newest
nickel mine, all despite a difficult economic climate and we remain
committed to achieving commercial production at Bucko this quarter. I
look forward to being a part of its future growth as we work to deliver
additional value for the Company's shareholders."
In other news, following the Company's Annual General Meeting held on
May 14, 2009, Crowflight announces that Gerry McCarvill ceased to be a
member of the Board of Directors. Mr. McCarvill has been involved with
Crowflight since 2004 and has played an integral role in the Company's
development during that time. The Board of Directors sincerely thanks
him for his many years of service and support and wishes him success in
his future endeavours.
Crowflight Minerals -- Canada's Newest Nickel Producer
Crowflight Minerals Inc. (TSX: CML) is a debt-free Canadian junior
mining company that is producing nickel at the Bucko Lake Nickel Mine
near Wabowden, Manitoba. Crowflight expects to achieve full commercial
production at Bucko in the second quarter of 2009. The Company is also
focused on nickel, copper and Platinum Group Mineral (PGM) projects in
the Thompson Nickel Belt and Sudbury Basin.
Cautionary Note on Forward-Looking Information
This press release contains forward-looking statements under Canadian
securities legislation. Forward-looking statements include, but are
not limited to, statements with respect to the Company's development
potential and timetable of the Company's properties, including the
Bucko Lake Project; conclusions of economic evaluations; the timing of
commercial production; impact of management and Board appointments and
government regulations. Generally, forward-looking statements can be
identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are based on the opinions and estimates of
management as of the date such statements are made. Estimates
regarding the anticipated timing, amount and cost of mining at the
Bucko Lake Project are based on assumptions underlying mineral reserve
and mineral resource estimates and the probability of realizing such
estimates that are set out herein. Production estimates are based on
mine plans and production schedules, which have been developed by the
Company's personnel and independent consultants. Forward looking
statements are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking statements,
including but not limited to those risks described in the Company's
Annual Information Form that is available under the Company's profile
on SEDAR. Although management of the Company has attempted to identify
important factors that could cause actual results to differ materially
from those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
The Company does not undertake to update any forward-looking
statements, except in accordance with applicable securities laws.
Further information is available on the Company's website at
www.crowflight.com or contact:
Mike Hoffman
Chairman
Crowflight Minerals
Tel: (416) 861-2964
Heather Colpitts
Manager, Investor and Public Relations
Crowflight Minerals
Tel: (416) 861-5803
info@crowflight.com
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Copyright (c) 2009 CROWFLIGHT MINERALS INC. (CML) All rights reserved.
For more information visit our website at http://www.crowflight.com/
or send mailto:info@crowflight.com
Message sent on Wed May 27, 2009 at 6:13:33 AM Pacific Time
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : CML.TO |
ISIN : CA13758Y2015 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Crowflight Mineral est une société de production minière de nickel basée au Canada. Crowflight Mineral est productrice de nickel, de cuivre au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est BUCKO LAKE au Canada et ses principaux projets en exploration sont AER/KIDD, PETER'S ROOST et TNB NORTH au Canada. Crowflight Mineral est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,2 millions (863 092 US$, 770 828 €). La valeur de son action a atteint son plus haut niveau récent le 01 novembre 1996 à 96,02 , et son plus bas niveau récent le 04 février 2016 à 0,03 . Crowflight Mineral possède 47 442 200 actions en circulation. |