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APD Advanced Primary Minerals Corporation

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Share Name Share Symbol Market Type
Advanced Primary Minerals Corporation TSXV:APD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

APM Announces Appointment of Charles G. Pitcher to its Board of Directors

16/07/2012 6:01pm

Marketwired Canada


Advanced Primary Minerals Corporation (the "Corporation" or "APM") (TSX
VENTURE:APD) is pleased to announce that the Corporation's board of directors
("Board") has approved the appointment of Charles G. Pitcher as an independent
member of the Board. The Board has also appointed Mr. Pitcher to the independent
committee of the Board that was authorized to negotiate with Erdene Resource
Development Corp. ("Erdene") for the purchase of the Donkin coal project.


"We are very pleased to have Charles Pitcher join the APM Board. As a mining
engineer with extensive underground coal mining experience, Charles will bring
valuable experience to the Corporation and the Donkin project," said Ken
MacDonald, President and CEO of APM. 


In 2012, Charles Pitcher became President and COO of Wilson Creek Coal, LLP, a
wholly owned subsidiary of Corsa Coal of which he is currently a Director.
Charles has held senior management and board positions with some major coal and
precious metal mining companies. Between 2002 and 2008 Charles was CEO and
Director of Western Coal Ltd. and in 2009 was a Director of PBS Coal Ltd. During
2010 and 2011 he was CEO and Director of United Silver Corp.


Erdene currently owns approximately 60% of the issued and outstanding shares of
the Corporation. By way of a statutory plan of arrangement, Erdene intends to
deliver to Erdene shareholders all of its existing APM shares and those APM
shares to be issued to Erdene on the transfer of its North American property
assets to APM, such that the Corporation would then be substantially owned by
Erdene's shareholders. Upon completion of the Erdene transaction, the
Corporation will be a Nova Scotia based, coal-focussed development company with
the Donkin Coal Project as its principal asset.


The Erdene transaction is subject to signing a definitive agreement, receipt of
approvals from the TSX, the TSX-V, the Nova Scotia Supreme Court, the
shareholders of Erdene and the minority shareholders of APM, as well as
compliance with all other requirements governing related party transactions,
including obtaining independent valuations. The appointment of Charles Pitcher
to the Board is also subject to approval from the TSX Venture Exchange.


About APM 

APM has 26,342,963 shares issued and outstanding and a fully diluted share
position of 28,887,629 shares. 


For additional information visit APM's website at www.advminerals.com or contact
the company via email at info@advminerals.com


1 Year Advanced Primary Minerals Corporation Chart

1 Year Advanced Primary Minerals Corporation Chart

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1 Month Advanced Primary Minerals Corporation Chart