Blue Pearl Mining Appoints Investor Relations Director.TORONTO -- Blue Pearl Mining Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BLE) ("Blue Pearl" or "the Company") is pleased to announce that, subject to TSXV approval, it has retained Borland Levand & Associates ("BL&A") to direct its investor relations Investor relations The process by which the corporation communicates with its investors. activities. Jim Borland, principal of BL&A, has been named Investor Relations Director and will be responsible for all investor relations activities, including direction of other contracted service providers. BL&A, based in Toronto, was formed in 1998 to provide corporate communications, corporate secretarial and investor relations services to its clients, all of which are in the natural resources sector. In consideration of the services provided, the Company has agreed to pay BL&A an annual fee of $35,000. Mr. Borland will immediately receive 150,000 options to purchase common shares of the Company, such options to vest over a one-year period. The Company has also granted pursuant to its Stock Option Plan: 500,000 options to Ken Collison, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. ; 150,000 options to John Kalmet, director; and an aggregate of 270,000 options to eight other employees of the Company. Blue Pearl was formed in early 2005 to develop the Davidson molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. deposit (formerly known as the Yorke-Hardy deposit) at Smithers Smithers is a surname, and may refer to: People People with the surname Smithers
SEDAR Southeast Data, Assessment, and Review , and using a cut-off grade of 0.2% MoS2, the Davidson property is estimated to contain a measured and indicated mineral resource of 83.0 million tons grading 0.295% MoS2 representing 293.5 million pounds of molybdenum (please refer to the Company's Material Change Report dated Jan. 26, 2005, and Technical Report dated February 16, 2005 and filed on SEDAR on March 7, 2005). The current quoted producer price for molybdenum is approximately US$35 per pound. Gary Giroux, P. Eng., is the independent qualified person in accordance with National Instrument 43-101 and has read and approved this news release. Blue Pearl currently has 23,320,000 shares issued and outstanding. On July 23, 2005, a further 16,960,382 shares will be issued pursuant to a financing that closed March 23, 2005, which raised total gross proceeds for the Company of $10,300,065. Shares outstanding: 23,320,000 The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. Blue Pearl Mining Ltd. (TSX VENTURE:BLE) |
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