VANCOUVER, May 27, 2014 /PRNewswire/ - The Board of
Directors of Callinex Mines Inc. (the "Company" or "Callinex")
(TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has
unanimously appointed Max
Porterfield as Chief Executive Officer and President
effective June 1, 2014 and as a
director of the Board effective immediately. Mike Muzylowski will step down as interim CEO
and President and remain Chairman of the Board of Directors.
Mr. Muzylowski stated, "Thanks to the dedication of the Callinex
team and long-term support from the Company's shareholders, we have
continued to advance our projects despite weakness in the natural
resources sector. Max is the right leader to tackle the challenges
ahead, with his diverse and unique experience in natural resources
and his access to global capital markets. I will continue to
provide leadership and technical expertise to Max as he
aggressively grows the Company."
Mr. Porterfield stated, "Given Callinex's exceptional technical
team, supportive shareholder base and tight capital structure, the
Company possesses unique strengths to stand out amongst its peers.
I firmly believe in Callinex's future and I'm committed to
creating value. We must efficiently allocate our capital and
focus our team on projects with the highest potential to deliver
returns for our shareholders."
Mr. Porterfield added: "I wish to extend my personal
appreciation to Mr. Muzylowski for all he has accomplished and look
forward to working closely with him on the next chapter of his Hall
of Fame career."
Mr. Porterfield, located in Vancouver, is an executive with over eight
years of experience within natural resources and financial
markets. Previously, Mr. Porterfield managed investor
relations for two well respected resource companies, Brazil
Resources Inc. (TSX-V: BRI) and Uranium Energy Corp (NYSE-MKT:
UEC). In addition, Mr. Porterfield was previously
Vice-President of Institutional Services at U.S. Global Investors,
a boutique investment management firm with a longstanding history
of expertise in precious metals and natural resources. He is
a graduate of Texas Tech University,
with a bachelor's degree in business administration.
The Company today further announced that Gordon Slade, an independent director, has
resigned effective immediately. Mr. Muzylowski and all Board
members express their deep gratitude to Mr. Slade for his
dedication to the Company since inception.
About Callinex Mines Inc.
Callinex Mines Inc. is a mineral exploration company
currently focused on the exploration and development of its wholly
owned Neuron graphite property in Northern Manitoba near Thompson. The
company owns a portfolio of Canadian exploration assets in various
stages of development. The portfolio consists of gold, silver,
copper, molybdenum, lead, zinc, and nickel projects. The company
was incorporated in 2011 and is based in Vancouver, Canada.
Neither the 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.
Some statements in this news release contain forward-looking
information. These statements include, but are not limited to,
statements with respect to future expenditures. These statements
address future events and conditions and, as such, involve known
and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements. Such factors include, among
others, the ability to complete contemplated work programs and the
timing and amount of expenditures. Callinan does not assume the
obligation to update any forward-looking statement.
SOURCE Callinex Mines Inc.