SQI news
posted on
Feb 25, 2011 02:03PM
Edit this title from the Fast Facts Section
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2011) - Silver Quest Resources (TSX VENTURE:SQI) ("Silver Quest" or "the Company") is pleased to announce the appointment of Mr. Louis Montpellier to its board of directors.
Mr. Montpellier is a director and officer of a number of mineral exploration and development companies, including Exeter Resource Corporation, has been practicing law in Vancouver, British Columbia since 1981 and since 1983 has worked exclusively in the capital markets with exploration and mining companies.
Mr. Montpellier has guided numerous companies through an entire spectrum of corporate finance activities, from accessing seed capital for private companies through to IPO's and subsequent public and private financings; through mergers and acquisitions, hostile and friendly take-over bids, proxy contests, corporate reorganizations and arrangements.
"Louis' many years of experience will be invaluable to Silver Quest as it continues to advance and expand its property portfolio," said Randy Turner, President.
The Company also wishes to announce the granting of incentive stock options to certain directors, officers and employees to purchase up to 2,300,000 common shares under the Company's Incentive Stock Option Plan. The options will be granted for a period of five (5) years, commencing on February 25, 2011, exercisable at a price of $0.55 per share. Fifty percent of these options will vest immediately and fifty percent will vest on August 25, 2011.
SILVER QUEST RESOURCES LTD.
Randy Turner, President