Sparton Welcomes Dr. Xiaolin Li to Its Board of Directors
TORONTO, ONTARIO -- (Marketwire) -- 10/25/10 -- Sparton Resources Inc. (TSX VENTURE: SRI) (the 'Company') announced today that Dr. Xiaolin Li will join Sparton's team as a new member of its Board of Directors. Dr. Li is a principal of the Songlin Group, a private, independent consultancy providing China related investment, business intelligence, market development, and competitive strategy advisory services to selected clients.
Songlin specializes in providing market intelligence services related to China's electricity, natural gas, coal, renewable energy, and infrastructure related sectors. The organization is supported by proprietary databases that have been developed over the last 18 years that are regularly updated and enhanced.
Dr. Li has a PhD in Military Sociology and Social Psychology from the University of Maryland and her work with Songlin has focussed primarily on energy related issues and opportunities in China.
Her organization has successfully assisted its clients in financing and developing projects related to electric power generation, natural gas resource development, coal, renewable energy, clean tech, and alternative energy. Dr. Li is a specialist in PRC energy policy analysis, and issues related to market outlooks and forecasts in China. Songlin undertakes due diligence and investment advisory programs for its clients and Dr. Li is fully familiar with Sparton's clean tech secondary uranium recovery programs in China, as well as its technology related specialty metals production and development programs for germanium and vanadium.
'We are pleased to have Dr. Li join our team and look forward to working closely with her to advance our exciting portfolio of China based projects' stated Lee Barker, Sparton's President. 'All of Sparton's directors join me in welcoming her to the Sparton family'.
Pursuant to the Company Stock Option Plan incentive options to purchase a total of 250,000 common shares of the Company have been granted to Dr. Li. The options are exercisable at $0.175 and will expire on October 25, 2015.
THE COMPANY
Sparton is rationalizing its global portfolio of projects. Consideration has been given to both international commodity and market conditions. The company has developed a unique portfolio of resource opportunities in Canada and China in the commodities, uranium, germanium and vanadium and gold which all have very strong domestic and international market fundamentals. It welcomes its new member to the Board of Directors and will value Dr. Li's guidance as the Company moves forward to create value for its stakeholders.
We Seek Safe Harbour
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:
Sparton Resources Inc.
A. Lee Barker
President and CEO
+1 416-366-3551 or Mobile: +1 416-716-5762
+1 416-366-7421 (FAX)
info@spartonres.ca
Sparton Resources Inc.
Edward G. Thompson
Chairman
+1 416-366-6083
+1 416-366-2713 (FAX)
egt@interlog.com
www.spartonres.ca