FDG Mining Inc.: Appointment of New Director
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2012) - F.D.G. Mining Inc., (TSX VENTURE:FDG) (the "Company") is pleased to announce that Marc T. Bamber has been appointed to the Board of Directors, effective immediately.
Mr. Bamber was a key member of the highly successful investment management team which ran the multiple award winning RAB Special Situations Fund for seven years which delivered a 50x return to investors (net of 2%/20% fees). He has a wide span of contacts and experience and brings with him a deep understanding of the natural resources investment universe with its differing investment structures, risks, opportunities and value. Since leaving RAB in early 2011, he has been active on the boards of Goldex Resources Corp and a number of private natural resources focused companies.
In conjunction with his appointment as a director, Mr. Bamber has been granted a stock option to purchase up to a total of 350,000 shares each for a period of five years at an exercise price of $0.10 per share, which option shall vest on the basis of 50% upon granting and 50% in one year.
About F.D.G. Mining Inc. (www.fdgmining.com)
F.D.G. Mining Inc. is a Canadian junior mining company engaged in acquisition, exploration and development of precious metal properties in Nicaragua. The Company is currently focused on advancing its core property, the past-producing 9300 hectare Topacio gold concession to near term production. Topacio has an NI 43-101 compliant inferred resource of 680,000 tonnes grading 5.2 g/t gold and 34 g/t silver, and a similar geological setting to B2Gold's La Libertad and El Limon mines to the northwest. FDG trades on the TSX Venture Exchange under the symbol FDG.
On Behalf of the Board of Directors
David St. Clair Dunn, P. Geo., President and CEO
This news release contains forward-looking statements which relate to future events or future performance and reflect management's current expectations and assumptions regarding, among other things, the nature and timing of upcoming work programs, geological interpretations, and intended use of proceeds. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation.
FOR FURTHER INFORMATION PLEASE CONTACT:
FDG Mining Inc.
David St. Clair Dunn, P. Geo.
President and CEO