2742 St. Joseph Blvd., Unit 200
Canada, K1C 1G5
| ||September 09, 2013|
13-19 - Cornerstone appoints Glen McKay to Advisory Board
| ||Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces that Glen H. McKay has joined the Company's Advisory Board. Glen's business experience spans many years over which he has led the establishment, development and operation of several privately held companies. In 1997 he co-founded Cornerstone, which began as a private business and went public in 1999, the first new company listed on the then just-created TSXV. He has served Cornerstone in several key executive roles including Vice-Chairman, Chairman, Vice-President, CEO and President and he was a key force in leading its development into an international junior mineral exploration company, active in Canada, Ecuador and Chile and recognized for its business and technical acumen. During 2011 he decided not to stand for re-election to the Board of Cornerstone and so ended his tenure as an officer and Director during May, 2012. Glen has been accumulating shares of CGP since 2005 and continues to hold them all such that today he is a significant shareholder.|
John Fleming, Board Chair, said: "We are very pleased that Glen McKay has agreed to join our Advisory Board, which will ensure that management and the Board will continue to benefit from his experience and business acumen."
Brooke Macdonald, President & CEO, said: "During the past year we have made some difficult decisions to cut expenses and abandon non-core properties, with a view to re-focusing the Company on our South America properties, which we believe have the potential to deliver superior returns to our shareholders. We will benefit greatly from Glen's strategic counsel as we seek to advance our projects, either alone or with partner funding."
Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Canada, Ecuador and Chile, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. Commitments from JV partners constitute significant validation of the strength of Cornerstone's projects.
Further information is available on Cornerstone's website: www.cornerstoneresources.com or for investor, corporate or media inquiries, please contact:
North America toll-free: 1 (877) 277-8377
The link to a recent Corporate presentation is: http://www.cornerstoneresources.com/i/pdf/Presentations_0912_CRICorporate.pdf
Investors can also access Cornerstone on Twitter
This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.
On Behalf of the Board,
President and CEO
Further information is available on the Cornerstone Web site at www.cornerstoneresources.com; via e-mail at email@example.com; or toll free at 1-877-277-8377.
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.
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