• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Bear Creek appoints Nolan Watson to Board of Directors

Posted on: Wednesday, 19 August 2009, 15:56 CDT

VANCOUVER, Aug. 19 /PRNewswire-FirstCall/ - Bear Creek Mining (TSX Venture: BCM) ("Bear Creek" or the "Company") is pleased to announce that Nolan Watson will join the Bear Creek board of directors effective August 19, 2009. Mr. Watson is currently the CEO and a director of Sandstorm Resources. He previously held the position of CFO of Silver Wheaton where he was an integral member of the team creating the very successful silver streaming business model that resulted in Silver Wheaton becoming the largest pure silver company in the world with a market capitalization of approximately US$2.5 billion

"I am very pleased that Nolan has joined our team", stated Andrew Swarthout, Bear Creek President and CEO. "His broad financial and deal-making experience focused on precious metals will add enormous value as Bear Creek completes its prefeasibility study on Corani and embarks upon the feasibility study at Santa Ana. Nolan will also provide valuable input as Bear Creek continues to grow through exploration and additional precious metals discoveries."

In addition the Company will be granting Mr. Watson 100,000 incentive stock options at a price of Cdn $1.90 per share, exercisable on or before August 18th 2014. These options will vest according to the Company stock option plan.

The Company also announces the retirement of Gerald Van Voorhis from the Board, effective as of the 2009 Annual General Meeting. Gerry was a founder of Bear Creek Mining, and served as a director of the Company since 2003. Gerry was an ardent supporter of our exploration programs leading to the discovery of the Company's two large silver deposits currently on the path to production. The Company wishes to thank Gerry for his dedication and service.

About Bear Creek:

Bear Creek is an exploration and development company with two advanced multi hundred million ounce silver deposits in Peru. The Company is currently completing a prefeasibility study on its Corani silver-lead-zinc deposit expected to be released in early September and has initiated a feasibility study on its Santa Ana silver deposit anticipated to be completed in mid-2010. Both projects are 100% owned by Bear Creek and are expected to provide two important development opportunities for the aggregate production of approximately 15 million ounces silver per year, plus base metals credits. Additionally, the Company maintains an aggressive gold-focused exploration program.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE Bear Creek Mining Corporation

Source: PR Newswire

More News in this Category