November 03, 2009
MetalCorp Limited Appoints Charles Greig Vice President, Exploration
Toronto, Canada (November 03, 2009) - MetalCorp Limited (TSX-V: MTC) announces the appointment of Charles Greig as Vice President, Exploration effective immediately. Mr Greig has been under contract with MetalCorp since early May 2009 evaluating project information gathered in previous phases of exploration, prioritizing and advancing each key project and overseeing MetalCorp's exploration programs undertaken during the summer and fall of 2009.
Mr Greig, who holds an MSc in Geological Sciences, has more than 25 years' experience in mineral exploration, much of it helping to design and run projects around the world. In addition to his extensive hands-on experience in mineral exploration, which includes considerable work on VMS (volcanogenic massive sulphide) and magmatic Ni-Cu-PGE properties, and which are systems similar to those present on MetalCorp's highest-priority properties, Mr Greig also counts several dozen peer-reviewed maps and reports among his publications extending from 1988 to the present.
"Since Charlie joined the company in May of this year, his skills, expertise and guidance have been invaluable," commented Naomi Nemeth, President & CEO. "We are very pleased to have Charlie's longer term commitment and look forward to his continued contribution to advancing our current projects and expanding our portfolio of properties as we grow MetalCorp."
As part of his compensation, Mr Greig was granted options to purchase 300,000 common shares of MetalCorp at an exercise price of $0.18 per share, one-half of which are subject to shareholder approval; the options have a maximum term of five years, subject to earlier termination 30 days after the later of termination of their agreement or ceasing to be a service provider to MetalCorp.
MetalCorp is a mineral exploration company based in Thunder Bay, Ontario with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. The projects, with a total area of more than 85,000 acres, include the Hemlo East property, the Big Lake copper-zinc-silver-gold property, the North Rock copper-nickel-platinum property, and the Dorset, Pickle Lake, Black Bear and Keezhik Lake gold properties.
MetalCorp has 49,106,636 common shares outstanding and approximately $1,100,000 in cash and no long-term debt. To find out more about MetalCorp visit its website at www.metalcorp.ca.
For further information, please contact:
Naomi Nemeth, President and CEO
T: +1 416 363 9428
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© 2017 MetalCorp Inc.