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| | Thu Jan 26, 2006
MacEachern and Falck join Blackstone Ventures
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| | News Release #1-2006
Blackstone Ventures Inc. (BLV-TSXV) is pleased to announce the following management team and Board appointments. Dean MacEachern, Hons. B.Sc., P. Geo. has been appointed chief operating officer (COO) and Tor Falck has been appointed to the Company's Board of Directors.
Mr. MacEachern has explored for nickel-copper, base and precious metal deposits over the last 21 years throughout Canada, Africa and the South Pacific. He recently retired from Falconbridge Limited, one of the worlds largest nickel mining companies, after managing their Africa regional exploration office based in South Africa. Mr. MacEachern began his career as a geologist in the Abitibi of Ontario and Quebec and was instrumental in the discovery of the Kidd Depth base metal deposit in Timmins. He spent several years exploring in the Sudbury nickel camp where he was an integral part of the team which added more than 25 million tonnes to Falconbridge's nickel resources. In 2000 he became the regional manager of Falconbridge's western North America exploration office before relocating to the South Africa posting.
Over the past 40 years, Mr. Falck has had a very successful career in the banking and financial industry in Europe. Based in London, England Mr. Falck is currently a key part of Bema Gold's European Investor Relations group. Mr. Falck began his career in Norway as a financial analyst managing Norwegian investment funds, advising private and institutional clients. He has held senior positions in some of the larger brokerage houses in Europe including a 20 year period at Yorkton Securities Inc. and Canaccord Capital (Europe) where he focused on natural resources, mining and oil and gas industries. He subsequently joined Bema Gold in 2003.
In 2006 Blackstone Ventures will be undertaking a US$4.4 million exploration program in Norway with its partner, Falconbridge Limited. Mr. MacEachern's expertise in nickel exploration and development will be of immediate and significant value to Blackstone. Mr. Falck's strong ties to the European equity markets will be of significant value to Blackstone Ventures as the company begins its plans to market the company in Europe.
Blackstone Ventures also wishes to announce that it has granted 525,000 5 year incentive common stock options, exercisable at a price of $0.43 in conjunction with these new appointments.
For further information on Blackstone, please contact Robert Carriere, Manager, Investor Relations, at 604-687-3929 or visit the Blackstone website at http://www.blv.ca.
On behalf of Blackstone Ventures Inc.
"Donald McInnes"
Donald A. McInnes, President
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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