Canadian Shield Strengthens Board and Approves Name Change at Annual Meeting
June 24 2010 - 8:00AM
Marketwired Canada
Canadian Shield Resources Ltd. (TSX VENTURE:EXP) ("Canadian Shield" or the
"Company") is pleased to announce the election of Donald Taylor to its Board of
Directors at its Annual and Special Shareholders Meeting held on June 22, 2010.
Mr. Taylor is a geologist and mining executive with more than 30 years
experience in Canada, Ireland, Australia, China, South Africa, Peru and the
United States. He has been involved in base and precious metal projects from
exploration to mine development for large and small cap companies, including BHP
Minerals, Westmont Mining Company, Bear Creek Mining, American Copper and
Nickel, and Doe Run Resources. He is presently Vice President Exploration of
Wildcat Silver Corp. of Vancouver, BC. Mr. Taylor has a Bachelor of Science
degree in Geology from Southeast Missouri State University (1979) and a Master
of Science degree in Geology from University of Missouri-Rolla (1983). He is a
Fellow of the Society of Economic Geologists and a member of the Society for
Mining, Metallurgy and Exploration (SME). Mr. Taylor is a Registered
Professional Geologist in several western states and is a "Qualified Person" as
defined by National Instrument 43-101 of the Canadian securities regulators.
Shareholders also re-elected Bernard Kraft, Keith Laskowski, Gregory Harris,
Michael Kraft and Fernando Pickmann as directors of the Company. Sol Mednick did
not stand for re-election and the Company wishes to thank him for all his
contributions to Canadian Shield during his term as a board director.
In addition, the Shareholders also approved changing the Company name to
Estrella Gold Corporation, reflecting its focus on gold exploration and resource
definition in Latin America. The shareholders also approved:
-- the reappointment of Collins Barrow Toronto LLP, Chartered Accountants
as auditors
-- amendments to the Company's Stock Option Plan increasing the maximum
number of common shares reserved by Canadian Shield for issuance
pursuant to the Stock Option Plan from 1,530,007 to 2,377,609,
approximately 20% of its issued and outstanding common shares, removal
of required vesting provisions and increasing the maximum term to 10
years
More specific details of the matters approved at the Meeting are set forth in
Canadian Shield's Information Circular dated May 25, 2010 and posted on SEDAR at
www.sedar.com.
About Canadian Shield Resources Ltd. (TSX VENTURE:EXP) Canadian Shield is a
precious metals exploration and development company focused on
strategically-located properties in Peru and Chile. Canadian Shield has seven
precious metal exploration projects in Peru and one in Chile. The Company's
shares are listed on the TSX Venture Exchange (TSX VENTURE:EXP). Further
information is available at Canadian Shield's website:
www.canadianshieldresources.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION,
INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR
EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING
STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS
AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT,
ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING
STATEMENTS.
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