TORONTO, ONTARIO -- (Marketwire) -- 03/11/13 -- Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX: SBR) is pleased to announce that Robin Birchall has been appointed Executive Chair and a member of the board of directors.
Robin Birchall has fourteen years of experience in resource corporate finance, most recently with BMO Capital Markets, where he completed a variety of high profile transactions for resource companies. Mr. Birchall has extensive experience financing companies in the former Soviet Union, having completed a large number of financing and acquisition transactions, including the landmark UrAsia financing in Kazakhstan and PhosAgro's IPO on the London Stock Exchange. Prior to BMO, Mr. Birchall was V.P. Corporate Finance at Canaccord Adams Ltd. and earlier at Brown Shipley & Co. Mr. Birchall earned an MBA from the University of Cape Town, an Msc in European and International Politics from Edinburgh University, a Premiere Degre en Langues Literature et Civilisation, from Stendahl Universite and a BA from Queens University. Mr Birchall is also a director of Vast Exploration Inc.
Mark Trevisiol, President and CEO of Silver Bear, stated, "We are entering an exciting development stage of our project. With our 4 year exploration license extension in hand coupled with our certificate of First Discovery we are now in a position to move to our next phase of putting our world class asset into production. Robin's experience in the capital markets, particularly within Russia, are vital assets as we seek to build our project. We welcome Robin to the Silver Bear team."
Incoming Chair, Mr. Birchall commented: "I am excited to be joining the board of Silver Bear and I look forward to working with the Silver Bear team in taking the company to the next stage of development. I believe that the project is a high quality project with potential to become a low cost multi-million ounce producer in the near future and I believe that we have the capability of executing on our plan to accelerate the development of the deposit."
In conjunction with Mr. Birchall's recruitment, Mr. Randall Oliphant has announced his resignation from the position of Chairman. Mr. Oliphant remains a director of the Company. Silver Bear's board and management team are grateful to Mr. Oliphant for his years of leadership and dedicated service as a founder of the company and as its Chairman
Silver Bear Resources Inc.
The primary business of the Company is the evaluation, acquisition, exploration and development of silver properties in the Russian Federation. The Company's principal focus is the Mangazeisky exploration lease, over which Silver Bear has exclusive exploration rights. It is located approximately 400 kilometres north of Yakutsk in the Republic of Sakha, Yakutia in the Russian Federation.
Silver Bear Resources Inc. is listed on the Toronto Stock Exchange and its common shares trade under the ticker symbol "SBR". Silver Bear has 53,866,307 issued and outstanding common shares. Other information relating to Silver Bear is available on SEDAR at www.sedar.com as well as on the Company's website at www.silverbearresources.com.
This release and subsequent oral statements made by and on behalf of the Company may contain forward-looking statements, which reflect management's expectations. Wherever possible, words such as "intends", "expects", "scheduled", "estimates", "anticipates", "believes" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, have been used to identify these forward-looking statements. Although the forward-looking statements contained in this release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Silver Bear cannot be certain that actual results will be consistent with these forward-looking statements. A number of factors could cause events and achievements to differ materially from the results expressed or implied in the forward-looking statements. Such risks factors include but are not limited to risks factors identified by Silver Bear in its continuous disclosure filings filed from time to time on SEDAR. These factors should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Forward-looking statements necessarily involve significant known and unknown risks, assumptions and uncertainties that may cause Silver Bear's actual results, events, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although Silver Bear has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this release, and Silver Bear assumes no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.
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For further details, please visit www.silverbearresources.com.
Silver Bear Resources Inc.
President and Chief Executive Officer