TORONTO, Feb. 12, 2018 (GLOBE NEWSWIRE) -- Claim Post Resources Inc. (CPS.V) ("Claim Post" or the "Company") is pleased to announce the appointment of Mr. Robert (Bob) D. Archibald as Chief Operating Officer of the Company.
Mr. Archibald has over 40 years of technical, operational and executive experience in mining, construction materials, aggregates and industrial minerals industries. Mr. Archibald has been involved in a variety of frac sand operations located in the states of Texas, Illinois and Wisconsin in the United States and in the province of Alberta in Canada. He holds a Bachelors degree in Mining Engineering from Montana College of Mineral Science and Technology and an MBA from Oklahoma City University. Mr. Archibald is a registered Professional Engineer in the United States. He is also a Qualified Person as defined by National Instrument 43-101. Mr. Archibald has served on the Board of Directors of the National Stone, Sand and Gravel Association. “Claim Post’s focus on development of its Tier 1 frac sand deposit at Seymourville has been greatly enhanced through the addition of Bob Archibald’s expertise to our team,” stated Executive Chairman Mr. Lowell Jackson.
In conjunction with this appointment, the Company has granted him options to acquire 1,000,000 common shares (the "Shares") in the capital of the Company at an exercise price of $0.085 per Share until February 12, 2021. The options are exercisable over a three year period ending February 12, 2021, with one-third of the options vesting immediately, one-third vesting on the first anniversary date of the grant, and one-third on the second anniversary date of the grant.
Claim Post is a publicly traded, Canadian based growth oriented energy services company focusd on its high quality frac sand deposit located in Seymourville, Manitoba. Claim Post currently has 131,224,707 shares issued and outstanding and trade on the TSX Venture Exchange under the symbol CPS-V.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
www.claimpostresources.com