Stroud Announces Sudden Death of CEO
Toronto, Canada, December 30, 2013 – The board of directors of Stroud Resources Ltd. (TSXV- SDR) (“Stroud”) is deeply saddened to announce the sudden passing of its founder and Chief Executive Officer, George E. Coburn. Mr. Coburn founded Stroud in 1983 and led the company in the acquisition and exploration of its Hislop and Leckie gold properties in Ontario and Santo Domingo silver-gold project in Mexico, establishing a resource at Hislop and a significant mineral resource at Santo Domingo. The board and the company are indebted to Mr. Coburn for his leadership, dedicated service and significant contributions made to Stroud and its projects and regret that he will not be able to participate in the advancement of the company’s projects that he was so instrumental in developing. The board’s thoughts are with the Coburn family at this difficult time.
The board is considering candidates for appointments to the board and management of Stroud as a result of Mr. Coburn’s death and expects to be in a position to announce these appointments shortly. The number of directors of Stroud has been reduced to two and, in accordance with securities regulatory requirements, the shares of the company have been halted pending the appointment of an additional director.
For additional information please contact:
Mr. Mirsad Jakubovic Chief Financial Officer Stroud Resources Ltd.
Tel: (416) 888-8731 [email protected]
or visit: www.stroudresourcesltd.com
Stroud is an exploration company focused on the discovery and exploration of silver and gold deposits in Mexico and Ontario. Stroud owns a 100% interest in the Santo Domingo epithermal silver-gold project in central Mexico. In addition to the Santo Domingo project, Stroud’s assets include 100% interests in the Hislop gold property, near Timmins, Ontario and the Leckie gold property, near North Bay, Ontario. Stroud also generates cash flow from a 3.75% interest in six natural gas and natural gas condensate wells in central Alberta.
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