OAKVILLE, ONTARIO--(Marketwire - Sept. 27, 2012) - Bolero Resources Corp. (the "Company" or "Bolero"), (TSX VENTURE:BRU), (FRANKFURT:U7N1) is pleased to announce Bruce Coventry has now been appointed to the Board of Bolero Resources as a Non-Executive Director.
Mr. Coventry brings more than 35 years experience in the automobile industry to his position on the Board. He has held senior management positions with General Motors, Ford, Chrysler, Global Electric Motorcars and Dresser, Inc. Currently, Mr. Coventry is CEO, Nostrum Motors, a wholly owned subsidiary of Nostrum Pharmaceuticals. Recently, he was VP Operations, Electrovaya Inc., in Mississauga, ON. Electrovaya designs and manufactures Lithium Ion Super Polymer batteries, battery systems and battery-related products for clean electric transportation vehicles. From 2005 to 2009, Mr. Coventry held a Board position with Global Engine Manufacturing Alliance, a joint venture between Chrysler, Hyundai and Mitsubishi. Currently, he sits on the Board of Trustees of Kettering University in Flint, MI. Following his graduation from Kettering University in 1975, Mr. Coventry obtained an MBA from Michigan State University in 1991.
Bruce Duncan, Chairman of the Board said, "on behalf of the Board of Directors I would like to welcome Mr. Conventry and look forward to working with him over the coming years. We are fortunate to have Bruce join our board, he will be a tremendous asset to Bolero."
ABOUT BOLERO RESOURCES CORP. (TSX VENTURE:BRU)
Bolero Resources is a junior natural resource company focused on the acquisition and development of graphite properties throughout Canada. Bolero holds a 100% interest in 38 mineral claims located in Maria Township, 17 kilometres south of the community of Bissett Creek on the Trans Canada Highway between the cities of Ottawa and North Bay, Ontario. These claims cover an area of approximately 2,000 hectares (4,940 acres) that surround and are contiguous to Northern Graphite's Bissett Creek graphite deposit. Northern Graphite recently reported the extraction of very large high purity flake graphite consistent across the entire resource with overall recovery rates of 97%. (NGC.V News Release 23/04/2012)
Throughout 2012 Bolero has been focusing on its primary goals of building and strengthening its core operations in mineral exploration and development by acquiring and developing quality-mining projects to ultimately increase shareholder value.
On behalf of the Board of Directors
R. Bruce Duncan, Executive Chairman
E-mail inquiries: firstname.lastname@example.org
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
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