DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)
TORONTO, July 17 /CNW/ - Dumont Nickel Inc. (DNI:TSX-Ven, DG7:FSE) is pleased to announce that it has approved the establishment of an Advisory Committee to assist Dumont with development of its mineralized shale Properties in Alberta and Saskatchewan. The first two appointees to the Committee are Mr.Gordon J. Bogden, and Mr.Bryan H. Wilson, both of whom bring considerable practical professional experience from financial and mining industry backgrounds.
Mr.Bogden brings to Dumont extensive experience as an investment banker, who until recently served as Vice Chairman and Head of Global Mining and Metals, Corporate and Investment Banking at National Bank Financial Inc. Prior to National Bank, Mr. Bogden held senior positions with Beacon Group Advisors Inc., Newcrest Capital Inc., N.M. Rothschild & Sons Canada Limited and CIBC Wood Gundy Securities. Mr.Bogden holds a Bachelor of Science in Geology from Queen's University and began his career as a professional engineer and geophysicist, having co-founded Quantech Consulting Inc. He is a Certified Corporate Director and has been a member of the board of directors of several public mining and investment companies.
Mr.Wilson brings to Dumont eighteen years' mineral exploration and development experience as well as sixteen years' experience from the financial services and investment banking sector. Since obtaining his Bachelor of Science degree from the University of Waterloo in 1975, Mr.Wilson has served in a variety of capacities ranging from geologist, manager, consultant, to financial adviser, mining analyst and corporate finance specialist. He is currently a director or senior officer of several public and private mineral exploration companies. Mr.Wilson's mining industry background spans the full range of activities from exploration to evaluation of mineral deposits, for a variety of mineral commodities in many geological settings throughout the world. His diverse background from both the financial and mining industries makes him particularly well suited to achieving growth strategies through financial solutions for companies involved in development and mining.
In a statement Mr.Denis Clement, Chairman of Dumont, said ... "Dumont's Board of Directors and management are pleased to have mining executives of the calibre that Gordon and Bryan bring to the Company on an advisory basis. Their diverse experience in the mining industry, in banking, finance, M&A, and operations will greatly enhance Dumont's efforts to advance its significant Alberta and Saskatchewan mineral projects".
Dumont has granted 2,650,000 stock options, pursuant to the Company's Stock Option Plan, to employees, officers, directors and its newly appointed advisors, to allow for the purchase of up to an aggregate of 2,650,000 common shares at a price of 10 cents per share for up to five years. Of the options granted, an aggregate of 2,200,000 were granted to officers and directors.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt