Paul-Henri Couture joins the board of directors
For immediate distribution
Montreal, July 22, 2013 – Geomega Resources Inc. (“GéoMégA” or the “Company”) (TSX.V: GMA) is pleased to announce the immediate appointment of Mr. Paul-Henri Couture, CFA, to the Board of directors of the Company (“Board”).
Mr. Couture is a Certified Financial Analyst (CFA) with over 35 years of experience as a financial manager and investment professional.
Mr. Couture is currently president of Minvest Capital, a Management and Investment Consulting Services company. Between 2009 and 2013, he joined as president and director and subsequently chairman of the board of directors, Sentient Asset Management Canada, a subsidiary of The Sentient Group, an important manager of private equity funds in the mining sector. From 1983 to 2009, he held various positions at Caisse de dépôt et placement du Québec (“Caisse”). From 1995, as Senior Vice-President, he built and led a team responsible for the management and development of a CA $3 billion investment portfolio in the Financial Institutions and Natural Resources sectors. He was, among others, a member of the Private Equity Investment Committee where he evaluated hundreds of transactions.
Mr. Couture put forward innovative projects that included the launch of two mining funds: Groupe Sodémex Inc., involved with mining exploration companies and MinQuest Capital, a $225 million private equity capital development mining fund seeking investment opportunities worldwide. He also offered strategic support to the formation of insurance and leasing companies.
He holds a Bachelor’s degree in Business Administration from École des Hautes Études Commerciales in Montreal and is a CFA. He has been a member of over thirty boards of directors and Private Equity Investment Funds advisory committees. He is currently a member of the Board of directors of Strateco Resources Inc. and Nemaska Lithium Inc.
“The members of the Board of GéoMégA are very pleased that Mr. Couture joins the team and that he can bring and share his extensive experience in the development and project financing. The Board is composed of directors with different and complementary expertise and the coming of Mr. Couture is an additional complement to ensure a diligent and responsible development for our Montviel project.” comments Patrick Godin, Chairman of GéoMégA.
Further to his appointment as director, the Company grants 225,000 stock options at the exercise price of $0.16. These options may be exercised for a period of 5 years after the grant date and they vest gradually over a period of 24 months from the day of grant, at a rate of 1/4 per six-month period, in accordance with the terms of the stock option plan of the Company.
About the Montviel Rare Earths/Niobium deposit
The Montviel project benefits from permanent access, public infrastructure and available labour in the immediate area. A Preliminary economic assessment by G Mining Services Inc. is expected in the upcoming months. Anticipated project energy will be provided by the Hydro-Québec distribution grid.
About GéoMégA (ressourcesgeomega.ca)
GéoMégA, which owns 100% of the Montviel Rare Earths/Niobium project located in Québec, is a mineral exploration and development company focused on the discovery and sustainable development of economic deposits of minor metals, such as Rare Earth Elements, Niobium and Graphite, in Québec. GéoMégA is committed to meeting Canadian mining industry standards and distinguishing itself with its innovative engineering, stakeholders engagement and its dedication to local transformation benefits.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
President and CEO
Cautions Regarding Forward-Looking Statements This news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecast or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company’s filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.