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HDA

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Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:HDA TSX Venture Common Stock
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Huldra Silver Inc. Welcomes Peter Espig to the Board and Announces Garth Braun has Been Appointed the New CFO

02/05/2011 9:34pm

Marketwired Canada


On behalf of the directors of Huldra Silver Inc. (the "Company" or "Huldra")
(TSX VENTURE:HDA), Ryan Sharp, President and CEO, is pleased to announce that
Peter Espig has been appointed to serve on the board of directors of the
Company. The Company also wishes to announce that Garth Braun has replaced David
Chong as the Chief Financial Officer.


Mr. Espig is experienced in the analysis of investment opportunities, raising
capital, deal sourcing and financial structuring. Over the past five years, Mr.
Espig has structured over US$2.0 billion in private equity and pre-IPO
investment transactions from the principal side, including co-structuring Star
Bulk Carriers Corp.'s acquisition of 8 drybulk carriers from TMT. In August
2006, Mr. Espig founded TriAsia Capital, a private equity and consulting firm
focused on raising capital for mid-sized companies and pre-IPO investment and
consulting.


Mr. Espig served as Vice-President of the Principal Finance and Securitization
Group and Asia Special Situations Group for Goldman Sachs Japan. Prior to
joining Goldman Sachs, Mr. Espig served as Vice-President of Olympus Capital, a
New York private equity firm, where he participated in corporate restructurings,
investment analysis and financing negotiations for both domestic and
international investments. Mr. Espig currently serves as a director of Star Bulk
Carriers Corp. and Novadx Ventures Corp.


In 1989, Mr. Espig received his B.A. from the University of British Columbia and
later received his MBA from Columbia Business School.


The board of directors of the Company has appointed Garth Braun to replace Mr.
Chong as the Company's Chief Financial Officer. Mr. Chong will remain as a
director of the Company.


Mr. Braun has been CEO and a director of Blackbird Energy Inc. since November
2009. He had previously worked as head investment banker at Gateway Securities
Inc. Mr. Braun has also operated a private Canadian real estate development
company for over 25 years and has served as a director of Huldra since June 28,
2010.


"I would personally like to thank David for his outstanding commitment to the
Company as both an active director and officer since 1987. The wisdom and
guidance he has provided has been instrumental in ensuring the Company's future
growth," stated Ryan Sharp.


NEW CONTROLLER

The Company has hired Christopher Ross, B. Comm, C.G.A. as the full time
Corporate Controller. Mr Ross is an accountant with 15 years of progressive
experience within many industries including government, forestry, and
distribution. Mr. Ross's experience includes financial accounting, audit, and
taxation. Most recently Mr. Ross worked in the controllership group for a
supplier and seller of nationally recognized brand-name building materials
across Canada.


ISSUANCE OF OPTIONS

The Company also wishes to announce that 280,000 stock options have been granted
to directors and consultants at an exercise price of $1.40 per share for a
period of 5 years.


On behalf of the Board of Directors

Ryan Sharp, MBA, President CEO & Director

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