Plate Resources Inc. announces key appointment to the Board of Directors and flow-through private placement
February 3, 2014 - Plate Resources Inc. (TSXV: PLR) (the “Company” or “Plate”) announces that, effective immediately, Mr. Marc Melnic will be joining the Company’s Board of Directors. He will be replacing Ms. Julie Hajduk, who has resigned effective today. The Company would like to thank Ms. Hajduk for her contribution.
Mr. Melnic’s experience includes over 20 years leading multi-disciplinary teams within the oil and gas industry. Previously, he held executive and senior management roles with Caribe, Blackhawk, Ranger, Vero, Enerplus and PanCanadian. Mr. Melnic has led projects in conventional and unconventional E&P, CO2 Sequestration, Stranded Gas Power Generation, Natural Gas Storage, Polymer Flooding, Slant Drilling & Completions and Propane Vapor Extraction. Mr. Melnic has presented case studies at Society of Petroleum Engineers conferences internationally. Most recently, he has focused on sourcing and developing unconventional resources in North America, South America, Africa, Australia and Europe. As an A&D and finance specialist, he has proven to be successful at finding, negotiating, closing and marketing deals valued at over $1 billion since 2000. He received his B.Sc. in Mechanical Engineering from the University of Manitoba, an MBA from Queen’s University and is a Registered Professional Engineer. Mr. Melnic resides in Calgary, Alberta. He will be an invaluable asset in furthering the Company’s business plan and adding shareholder value.
Furthermore, in addition to the Company’s private placement previously announced by news release January 6, 2014, the Company intends to complete a non-brokered private placement of up to 3 million flow-through shares at a price of $0.20 per flow-through share for total proceeds of up to $600,000. The Company may pay finder’s fees or commissions on certain subscriptions in accordance with the policies of the TSX Venture Exchange.
About Plate Resources:
The Company is a junior resource exploration company focused on acquiring mineral and oil and gas properties and exploring for economically viable mineral and petroleum resources. The recently-announced Cardium property in Alberta adds to the Company’s existing business, to be developed alongside the Company’s existing mineral property located in the Nicola Mining District of south-central British Columbia. For more information, please refer to the Company’s prospectus dated March 21, 2013 available on SEDAR (www.sedar.com).
For further information, please contact Julie Hajduk of Purple Crown Communications at (604) 609-6169 or visit www.plateresourcesinc.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Vivian Katsuris”
Vivan Katsuris, Director and Corporate Secretary
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