Sojourn Ventures forms Geological Advisory Board
Sojourn Ventures Inc.
Sojourn Ventures forms Geological Advisory Board
November 21, 2012, VANCOUVER, Canada— Sojourn Ventures Inc. (“Sojourn Ventures”, the “Company”) (TSX-V: SOJ.P) is pleased to announce the formation of a Geological Advisory Board, consisting of four prominent geologists and mining experts who will assist Sojourn’s Board of Directors in evaluating, analyzing and conducting due diligence on various mining projects for selection as a Qualifying Transaction.
The four members are as follows: Mr. Greg Beischer, Dr. William Bird, Mr. Brent Cook and Mr. Mickey Fulp.
Mr. Greg Beischer is a seasoned explorationist with a solid track record of success. Presently, from home base in Anchorage, Alaska, he serves as President & Chief Executive Officer of Millrock Resources Inc., an exploration company that rigorously applies the Project Generator - Joint Venture business model. Mr. Beischer was previously with Inco Ltd. and the Bristol Bay Native Corporation. He is a geologist and mining engineering technologist, having graduated from Laurentian University (1987), Sudbury, Ontario, and the Haileybury School of Mines (1981), Haileybury, Ontario in Canada. Mr. Beischer is a certified professional geologist (#10505) with the American Institute of Professional Geologists. He is the past President of the Alaska Miner's Association, and serves on the Alaska Minerals Commission.
Dr. William H. Bird, PhD, Pgeo, holds a PhD in Geology from the Colorado School of Mines, is a registered professional geologist, and currently acts as the Chairman and CEO of Medallion Resources Ltd. ("Medallion Resources"). He has over 40 years of mining and corporate experience and possesses a strong combination of business credentials and mineral-industry expertise. He possesses a practical and theoretical understanding of geology (most notably rareearth elements), mineralogy and metallurgy. Since his early career as a mineralogy professor, Dr. Bird has pursued his long-standing interest in rare-earth elements and their mineral occurrences around the world. In 2005, he became CEO of Rare Element Resources, which owns the prominent Bear Lodge REE and gold property, where he was given the mandate to reorganize and refocus the company. Dr. Bird left Rare Element Resources at the end of 2007 to devote his energy and expertise to Medallion Resources.
Mr. Brent Cook is a geologist (BSc Geology, Utah State University 1978) who has been involved in the mineral exploration and mining business for 34 years. During this time he has evaluated and valued grassroots through feasibility stage projects, involving nearly all deposit types in over 60 countries. In 1997 he joined Rick Rule at Global Resource Investments ("Global"). He was the principal mining analyst at Global until going independent again in 2002. Since 2002, he has been an independent analyst and advisor to several investment funds and high net worth individuals.
Michael S. “Mickey” Fulp is a Certified Professional Geologist with a B.Sc. Earth Sciences with honor from the University of Tulsa, and M.Sc. Geology from the University of New Mexico. Mickey has 35 years' experience as an exploration geologist and analyst searching for economic deposits of base and precious metals, industrial minerals, coal, uranium, oil and gas, and water in North and South America, Europe, and Asia. Mickey worked for junior explorers, major mining companies, private companies, and investors as a consulting economic geologist for over 20 years, specializing in geological mapping, property evaluation, and business development. In addition to his professional credentials and experience, Mickey is high-altitude proficient and is bilingual in English and Spanish. From 2003 to 2006, he made four outcrop ore discoveries in Peru, Nevada, Chile and British Columbia. Mickey is well-known and highly respected throughout the mining and exploration community for his ongoing work as an analyst, writer, and speaker.
Joel Dumaresq, Sojourn’s CEO, commented: “We are delighted to be able to bring on board the collective experience and expertise of Mr. Beischer, Mr. Bird, Mr. Cook and Mr. Fulp to add to our efforts for evaluating mineral projects. Their input and assessment will be invaluable as we continue reviewing various resource opportunities.”
Option Grant
The board of directors of the Company has approved an incentive stock option grant to each member of the geological advisory board to purchase up to 45,000 common shares of the Company, for a total grant of 180,000 common shares of the Company. The stock options are exercisable for a period of five years at an exercise price of $0.10 per common share. The stock option grants and related terms are subject to the approval of the TSX Venture Exchange (the "TSX-V").
About Sojourn Ventures
The Company is classified as a Capital Pool Company as defined in Policy 2.4 of the TSX-V. The principal business of the Company is the identification and evaluation of assets or a business with the view of completing a Qualifying Transaction (as such term is defined in the policies of the TSX-V). Sojourn is currently focussed on evaluating opportunities in the junior resource sector.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain statements included in this press release may be considered forward-looking. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company's’ current beliefs as well as assumptions made by and information currently available to the Company and relate to, among other things, anticipated financial performance, business prospects, strategies, regulatory developments, market acceptance and future commitments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings; actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Mr. Joel Dumaresq, CEO 604-648-3506
Finance:
Mr. John Meekison, CFO 604.602.9414 x 224