Cornerstone Appoints VP Exploration and Grants Incentive Stock Options
MOUNT PEARL, NEWFOUNDLAND -- (Marketwired) -- 06/11/13 -- Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSX VENTURE: CGP)(OTCBB: CTNXF)(FRANKFURT: GWN)(BERLIN: GWN) today announced the promotion of Yvan Crepeau, P.Geo., M.B.A., to the position of Vice President Exploration. Brooke Macdonald, Cornerstone's CEO, said: "Yvan, who is based in Quito, joined Cornerstone in 2006 first as Ecuador Exploration Manager and later as President and General Manager of the Company's subsidiaries in Ecuador. In 2011 Yvan was instrumental in taking the Company into Chile, and assumed the additional role of President and General Manager of the Company's Chilean subsidiary. He is a qualified person within the meaning of National Instrument 43-101 with over twenty-five years of diversified experience in the evaluation and management of exploration projects in Eastern Canada, Asia, North, Central and South America. Yvan's extensive experience and network of contacts in the Andean Region will be of great value to the Company as we focus our future efforts on the discovery of large gold and copper deposits in that part of the world."
In other news, Cornerstone also announced that it has granted a total of 1,065,000 incentive stock options to acquire Cornerstone common shares at a price of $0.10 per share to certain employees, officers and directors of the Company. The options have a 5-year term and vest over 18 months in accordance with the Company's Stock Option Plan.
About Cornerstone:
Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Canada, Ecuador and Chile, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. Commitments from JV partners constitute significant validation of the strength of Cornerstone's projects.
Further information is available on Cornerstone's website: www.cornerstoneresources.com or for investor, corporate or media inquiries, please contact:
Investor Relations:
Email: ir@cornerstoneresources.ca
North America toll-free: 1 (877) 277-8377
The link to a recent Corporate presentation is: http://www.cornerstoneresources.com/i/pdf/Presentations_0912_CRICorporate.pdf
Investors can also access Cornerstone on Twitter.
Cautionary Notice:
This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.
On Behalf of the Board,
Brooke Macdonald, President and CEO
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.
Contacts:
Cornerstone Capital Resources Inc.
Toll Free at 1-877-277-8377
communications@crigold.com
www.cornerstoneresources.com