THUNDER BAY, ONTARIO–(Marketwired – Nov. 13, 2013) – SOURCE EXPLORATION CORP. (the “Company” or “Source”) (TSX VENTURE:SOP) is pleased to announce the appointments of Mr. David Baker and Mr. Earl Terris to the Board of Directors of the Company, effective immediately. Mr. Baker will also assume the role of Executive Chairman while Mr. Terris will be a member of the Audit Committee.
Mr. Baker has over 25 years’ experience in the financial industry, with particular expertise in managing and financing junior mining companies. His experience includes strategic planning, corporate structuring and reorganization, sourcing and structuring public and private financings, due diligence reviews, mergers and acquisitions.
Most recently, from 2003 through March 2012, Mr. Baker was the President and CEO of Goldbrook Ventures Ltd., building the company from a grass roots exploration start- up in the Raglan district of Quebec. Through years of successful exploration, a joint venture, and joint acquisition of a neighbouring exploration company, Mr. Baker managed and grew Goldbrook Ventures until it was ultimately sold in 2012 to its Chinese joint venture partners for approximately $100 million.
David Baker commented, “I am very pleased to join the Source team as Executive Chairman along with Earl. We look forward to working with Source’s team to execute our plan for near-term drilling on recently identified targets at the Las Minas project and guide the Company through a quick turn around.”
Mr. Terris had an extensive career in sales, marketing and general management in the food and beverage industry, before joining Mr. Baker as a Goldbrook director in 2003, serving as an independent director and member of the audit committee until the sale of the company in 2012. He is currently an independent director, and member of the audit committee of both Inlet Resources and Resolve Ventures.
Gorden Glenn, current Chairman commented, “On behalf of the board we are pleased to welcome David and Earl to the Board of Directors. Their extensive backgrounds in mining exploration and corporate development as well as in-depth knowledge of capital markets enhance Source’s ability to advance the Las Minas project.”
The company also announces that Mr. Gorden Glenn has resigned as Chairman of the Board and will remain on the board as an independent director.
About Source Exploration
Source Exploration is a Canadian based mineral exploration company committed to building long-term value through ongoing discoveries and strategic acquisitions of economic gold and silver deposits in Mexico. The Las Minas gold – silver and copper project is located within the Las Minas district in the State of Veracruz, Mexico. The district is the host to one of the largest under explored gold – silver – copper skarn systems known in Mexico and has a strong production history that dates back to the Aztec era.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain terms or statements made that are not historical facts, such as anticipated advancement of mineral properties or programs, productions, sales of assets, exploration plans or results, costs, prices, performance are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to; metals price volatility, volatility of metals production, project development risks and ability to raise financing. Certain statements included in this news release constitute “forward-looking information” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
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