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Serengeti Announces Appointment of New Director |
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Thursday, 10 February 2011 12:21 |
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Serengeti announced the appointment of John D. McBride to the Board of Directors of the Company. Mr. McBride is a Co-Founder and Senior Partner of Raven Hill Partners Inc. and has extensive experience in capital markets and corporate governance.
Prior to co-founding Raven Hill, Mr. McBride was a founder and Managing Director of CC Capital Partners Group, a private investment and merchant banking firm established in December 1987. In 2010, CC Capital merged with newly formed Raven Hill Partners pursuing a similar business model. Prior to forming CC Capital, he was a financial consultant with Merrill Lynch Canada Inc. Mr. McBride began his career as a trader on the floor of the Toronto Stock Exchange. He obtained his ICD.D corporate director designation through the Rotman Business School, and is certified by the Institute of Corporate Directors. Raven Hill is a merchant bank and private investment firm dedicated to acquiring, funding, building and advising early stage ventures, with a strong focus on the natural resources sector and recently purchased a 3.3 million share block of Serengeti. "We are extremely pleased to have an industry player of John's caliber join the Board" stated David Moore, President & CEO. "We look forward to John's contributions to Serengeti's future growth as we advance our Kwanika project and our exploration assets in British Columbia and Mexico." The Company also announces that it has awarded a total of 1,230,000 incentive stock options to directors, officers, consultants and employees of the Company, exercisable at $0.33 for a period of five years from the date of grant. These options are granted subject to the Company's Stock Option Plan. |
