Canabrava Diamond Appoints New Interim President.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 5, 2003 Canabrava Diamond Corporation ("Canabrava") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CNB CNB Czech National Bank CNB Centro Nacional de Biotecnologia CNB City National Bank CNB Citizens National Bank CNB Croatian National Bank CNB Chloronitrobenzene CNB Corresponsales No Bancarios (Spanish, Colombia) ) announced today that the board of directors has appointed Thomas W. Beattie as Interim President and a director of the Company effective October 1, 2003. Mr. Beattie, Canabrava's Vice President, Corporate Development and Corporate Secretary since 1996, has over 25 years of business experience, principally as in-house counsel and in senior management positions with international mining and exploration companies. He is currently a senior officer of Southwestern Resources Corp., Aurora Platinum Corp. and a director of Lake Shore Gold Corp. and Superior Diamonds Inc. (TSX VENTURE:SDX (1) See AIT. (2) (Storage Data Acceleration) An earlier technique from Western Digital that improved performance of IDE CD-ROM drives. SDX-compliant drives used a special 10-pin cable, but the method never took off. ) ("Superior"). He will resign as a director of Superior on October 1, 2003. Mr. Beattie obtained an LL.B and a B. Comm from the University of British Columbia Locations Vancouver The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7. . The board of directors wishes to thank George H. Read for his contributions to Canabrava over the last four years. Mr. Read will return to consulting for diamond exploration companies. As announced in June, Canabrava and Superior have entered into discussions regarding a proposed acquisition, by way of plan of arrangement, by Superior Diamonds of all of the issued shares of Canabrava. Further details of the terms of the proposed transaction, including proposed exchange ratios, will be disclosed as negotiations proceed. Any agreed transaction will be subject to TSX Venture, court and shareholder approval and the execution of a formal agreement. Canabrava is actively exploring for diamonds in the Superior Craton The Superior craton (or Superior Province) forms the core of both the North American continent and the Canadian Shield. It extends from Quebec in the east to eastern Manitoba in the west. area of Ontario and Quebec, both independently and in joint venture with Inco Limited, Majescor Resources Inc. and Navigator Exploration Corp. Superior Diamonds is exploring a large area of northern Ontario using proprietary magnetic data to focus kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. indicator mineral sampling programs. Some of the statements in this news release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Superior Diamonds and Canabrava. Actual results may differ materially from those currently anticipated in such statements. 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. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion