FPX Nickel Announces Board Appointment of Rob Pease
VANCOUVER, British Columbia, Nov. 22, 2017 (GLOBE NEWSWIRE) -- FPX Nickel Corp. (TSX.V:FPX) (“FPX Nickel” or the “Company”) is pleased to announce the appointment of Rob Pease, P. Geo., to the Board of Directors, effective immediately.
Mr. Pease is currently the Chairman of Trek Mining Inc. and sits on the board of Liberty Gold Corp., Pure Gold Mining Inc. and Red Eagle Mining Corporation. In 2006, Rob founded Terrane Metals Corp., which developed the Mt .Milligan copper-gold project, located in central British Columbia, through final feasibility and the commencement of project construction, before Terrane’s acquisition by Thompson Creek Metals Company Inc. for $650 million in 2010. Rob is a former Director and Strategic Advisor to Richfield Ventures Corp., which advanced the Blackwater gold project in central British Columbia., until the acquisition of Richfield by New Gold Inc. for $500 million in 2011. Mr. Pease is the recipient of several major industry awards, having been named 2010’s “B.C. Mining Person of the Year” by the Mining Association of B.C. and having received the “E.A. Sholz Award” for excellence in mine development from the Association for Mineral Exploration B.C. in 2015. Rob is a Fellow of the Geological Association of Canada and holds a Bachelor of Science in Earth Sciences from the University of Waterloo.
“We are very happy to welcome Rob to the FPX Nickel Board,” commented the Company’s Chairman, Peter Bradshaw. “Rob has deep experience in the development and construction of projects in central British Columbia, and is widely recognized as one of the most accomplished mining entrepreneurs in the province. He will play a critical role in helping us to advance our flagship Baptiste deposit at the Decar nickel project through the development and permitting process.”
The appointment of Mr. Pease is subject to receipt of approval from the TSX Venture Exchange and the Securities Regulatory Authorities. Mr. Pease has been granted options on 250,000 shares of the Company’s common stock, exercisable at a price of $0.10 per share for a five-year period commencing on November 21, 2017.
Concurrent with the appointment of Mr. Pease, Mr. Robert Watts has tendered his resignation from the Company’s Board. Mr. Watts been retained as a Company Advisor, and current Director Jim Gilbert has assumed the Chair of the Company’s Audit Committee.
“On behalf of the Company’s Board and our shareholders and myself, I would like to extend my very great appreciation to Bob for his many years of dedicated service,” said Mr. Bradshaw, Chairman of the Board. “Bob was a founding Director of the Company in 1996, and we have benefitted tremendously over two decades from his wisdom and counsel. Bob has been instrumental in the evolution of the Company over the years and he will be missed. We wish Bob very well indeed in his future endeavours as I know he plans to remain very active in community activities in his home city of Victoria.”
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel-Iron Alloy Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company’s website at www.fpxnickel.com or contact Martin Turenne, President and CEO, at (604) 681-8600.
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne, President, CEO and Director
Forward-Looking Statements
Certain of the statements made and information contained herein is considered “forward-looking information” within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.