Vancouver, British Columbia--(Newsfile Corp. - January 30, 2012) - Minfocus Exploration Corp. (TSXV: MFX) (the "Company") is pleased to announce today that its Board of Directors has approved the appointment of Roger P. Walsh to the Company’s Board of Directors.
With the appointment of Mr. Roger Walsh, the Company has added further strength in the corporate development experience on its Board of Directors. Mr. Walsh most recently served as Vice President of Corporate Development of Aurizon Mines Ltd . Prior to this position, he had served in the same position at Jinshan Gold Mines Inc. and Ivanhoe Mines Ltd. where he was responsible for liaising with institutional investors and banks, and re-evaluating its non-core assets. Prior to Ivanhoe, Mr. Walsh was a founding partner and President of Geographe Corporate Advisory Limited. Mr. Walsh holds a Bachelor of Business degree and was qualified as a Chartered Accountant in Australia, with PriceWaterhouseCoopers.
In connection with the appointment, the Company has granted an aggregate of 200,000 incentive stock options to Mr. Walsh pursuant to the terms of the Company's stock option plan. Such options are exercisable at the price of $0.25 until January 30, 2017 and are subject to the acceptance of the TSX Venture Exchange. The options, which vest immediately, and the common shares issuable upon exercise will be subject to a four-month hold period expiring on May 31, 2012. Currently, an aggregate of 1,499,263 shares remain available for issuance under the Company's stock option plan.
For further information please contact:
President & Chief Executive Officer
Phone: (416) 232-0025
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