TORONTO, ONTARIO--(Marketwire - Sept. 11, 2012) - Pitchblack Resources Ltd. (TSX VENTURE:PIT) ("Pitchblack" or the "Company") is pleased to announce Mr. John Taggart has been appointed President, Chief Executive Officer and a Director effective September 11, 2012. The Company is also pleased to announce that Don Dudek has joined the Company as the Vice President, Business Development. Mr. Taggart replaces Fred Leigh who had been in the role since April 2011 and has resigned as an officer of the Company to focus on other business endeavors but will remain on the Board of Directors. The Board of Directors expresses its gratitude to Fred Leigh for his contribution over the past year as President and wishes him success in his future endeavours.
Mr. Taggart has extensive experience in the global resource sector and has served Forbes & Manhattan companies as the President of Forbes Timber and previously as President & Chief Executive Officer of Russo Forest Corporation. Prior to working for Forbes & Manhattan companies, Mr. Taggart held senior positions with CanWel Building Materials Ltd. and Weyerhaeuser Company. Mr. Taggart earned an Executive M.B.A. from the Kellogg-Schulich program at Northwestern University School of Management and the Schulich School of Business at York University and holds a B.A from Acadia University.
Mr. Dudek is an exploration geologist with over 30 years of professional experience who has held, and continues to hold, senior positions in the mining sector. Mr. Dudek has been Senior Vice President of Exploration for Avion Gold Corporation since 2008. He also served in progressive roles culminating as Exploration Manager of the North & Central America Division of Aur Resources Inc., a mid tier copper mining and exploration company, from 1996 to 2007. Mr. Dudek is currently the Chairman of the Board for Alder Resources Ltd., an exploration company active in Nicaragua and a member of the board of Sulliden Gold Corp. a development company with an advanced project in Peru. Mr. Dudek holds a B.Sc. Geology (honors) from the University of Saskatchewan.
In connection with their appointments, the Company granted to each of Mr. Taggart and Mr. Dudek 150,000 options to acquire such number of common shares at an exercise price of $0.115 expiring five years from the date of grant. The options shall vest immediately, subject to the four month regulatory hold period. The grant of options is subject to regulatory approval, including approval of the TSX Venture Exchange.
About Pitchblack Resources Ltd.
Pitchblack has uranium, coal and gold assets in the Yukon Territory, Canada. The Company is currently reviewing the potential of these properties and may seek to sell its interest in the properties.
This press release contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information includes, but is not limited to, statements regarding management changes and the impact on the Company of these events. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties and risks of the mining industry. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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