BOLERO ANNOUNCES NEW SENIOR MANAGEMENT TEAM
August 15, 2012, Vancouver, BC, Canada – Bolero Resources Corp. (the “Company” or “Bolero”), (TSX-V: BRU), (FRANKFURT: U7N1) is pleased to announce the appointment of new team members that will serve a pivotal role in Bolero’s expansion plans.
“As Bolero continues to expand, we are excited to welcome new team members,” said Paul Ogilvie, CEO of Bolero Resources. “We are thrilled; our recent growth has allowed us to build an integrated team of highly qualified mining engineers, research, sales and project managers.”
New team members include:
See website for full biography’s, www.boleroresources.com
In connection with the appointment of such team members, the Company has conditionally granted 5 year options to acquire an aggregate of 1,750,000 common shares under the Company’s stock option plan at $0.20 per share. Such option grants are subject to the approval by the shareholders of the Corporation at the upcoming AGM of Bolero to be held on September 17, 2012 to the increase of the number of shares under the Company’s fixed cap stock option plan. In addition, the Company has conditionally agreed to issue a total of 3,500,000 common shares to certain of such team members, subject to receipt of disinterested shareholder approval at the upcoming AGM.
About Bolero Resources Corp. (BRU - TSX.V)
Bolero Resources is a junior natural resource company focused on the acquisition and development of graphite properties throughout Canada. Bolero holds a 100% interest in 38 mineral claims located in Maria Township, 17 kilometres south of the community of Bissett Creek on the Trans Canada Highway between the cities of Ottawa and North Bay, Ontario. These claims cover an area of approximately 2,000 hectares (4,940 acres) that surround and are contiguous to Northern Graphite's Bissett Creek graphite deposit. Northern Graphite recently reported the extraction of very large high purity flake graphite consistent across the entire resource with overall recovery rates of 97%. (NGC.V News Release 23/04/2012)
Throughout 2012, Bolero has been focusing on its primary goals of building and strengthening our core operations in mineral exploration and development by acquiring and developing quality-mining projects to ultimately increase shareholder value.
On behalf of the Board of Directors
“R. Bruce Duncan”
E-mail inquiries: email@example.com
“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.”
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).