TORONTO, ONTARIO--(Marketwire - March 11, 2013) - Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX:SBR) is pleased to announce that Robin Birchall has been appointed Executive Chair and a member of the board of directors.
Robin Birchall has fourteen years of experience in resource corporate finance, most recently with BMO Capital Markets,
where he completed a variety of high profile transactions for resource
companies. Mr. Birchall has extensive experience financing companies in
Soviet Union, having completed a large number of financing and acquisition transactions, including the landmark UrAsia financing in Kazakhstan and PhosAgro's IPO on the London Stock Exchange. Prior to BMO, Mr. Birchall was V.P. Corporate Finance at Canaccord Adams Ltd. and earlier at Brown Shipley & Co. Mr. Birchall earned an MBA from the University of Cape Town, an Msc in European and International Politics from Edinburgh University, a Première Degré en Langues Literature et Civilisation, from Stendahl Université and a BA from Queens University. Mr Birchall is also a director of Vast Exploration Inc.
Mark Trevisiol, President and CEO of
Silver Bear, stated, "We are entering an exciting development stage of
our project. With our 4 year exploration license extension in hand
coupled with our certificate of First Discovery we are now in a position
to move to our next phase of putting our world class asset into
production. Robin's experience in the capital markets, particularly
Russia, are vital assets as we seek to build our project. We welcome Robin to the Silver Bear team."
Incoming Chair, Mr. Birchall commented: "I am excited
to be joining the board of Silver Bear and I look forward to working
with the Silver Bear team in taking the company to the next stage of
development. I believe that the project is a high quality project with
potential to become a low cost multi-million ounce producer in the near
future and I believe that we have the capability of executing on our
plan to accelerate the development of the deposit."
In conjunction with Mr. Birchall's recruitment, Mr. Randall Oliphant
has announced his resignation from the position of Chairman. Mr.
Oliphant remains a director of the Company. Silver Bear's board and
management team are grateful to Mr. Oliphant for his years of leadership
and dedicated service as a founder of the company and as its Chairman
Silver Bear Resources Inc.
The primary business of the Company is the evaluation, acquisition, exploration and development of silver properties in the Russian Federation.
The Company's principal focus is the Mangazeisky exploration lease,
over which Silver Bear has exclusive exploration rights. It is located
approximately 400 kilometres north of Yakutsk in the
Republic of Sakha, Yakutia in the Russian Federation.
Silver Bear Resources Inc. is listed on the Toronto Stock Exchange
and its common shares trade under the ticker symbol "SBR". Silver Bear
has 53,866,307 issued and outstanding common shares. Other information
relating to Silver Bear is available on SEDAR at
www.sedar.com as well as on the Company's website at www.silverbearresources.com.
This release and subsequent oral statements made by
and on behalf of the Company may contain forward-looking statements,
which reflect management's expectations. Wherever possible, words such
as "intends", "expects", "scheduled", "estimates", "anticipates",
"believes" and similar expressions or statements that certain actions,
events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved, have been used to identify these forward-looking
statements. Although the forward-looking statements contained in this
release reflect management's current beliefs based upon information
currently available to management and based upon what management
believes to be reasonable assumptions, Silver Bear cannot be certain
that actual results will be consistent with these forward-looking
statements. A number of factors could cause events and achievements to
differ materially from the results expressed or implied in the
forward-looking statements. Such risks factors include but are not
limited to risks factors identified by Silver Bear in its continuous
disclosure filings filed from time to time on SEDAR. These factors
should be considered carefully and prospective investors should not
place undue reliance on the forward-looking statements. Forward-looking
statements necessarily involve significant known and unknown risks,
assumptions and uncertainties that may cause Silver Bear's actual
results, events, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking statements. Although
Silver Bear has attempted to identify important risks and factors that
could cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors and risks that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, prospective investors should not place undue
reliance on forward-looking statements. These forward-looking statements
are made as of the date of this release, and Silver Bear assumes no
obligation to update or revise them to reflect new events or
circumstances, unless otherwise required by law.
|65 Queen Street West
|Suite 805, P.O. Box 71
|Toronto, ON M5H 2M5
For further details, please visit www.silverbearresources.com.
Silver Bear Resources Inc.
President and Chief Executive Officer