|November 05, 2014|
Roughrider Appoints New Director
|Vancouver, BC, November 5, 2014 - Roughrider Exploration Limited (TSX-V: REL) ("Roughrider") - is pleased to announce that at its annual and special general meeting held October 31, 2014, shareholders voted to elect Alex Heath, who previously served as a strategic advisor to Roughrider, as an additional member of Roughrider's board of directors. Following Mr. Heath's appointment, Roughrider's board now consists of Scott Gibson, CEO, Jay Sujir, Dale Wallster, Wayne Hewgill and Mr. Heath.|
From 2005 to 2013, Mr. Heath worked for Salman Partners Inc., a boutique Canadian investment bank providing financial advisory services to the mining industry. During this time, Mr. Heath worked extensively with uranium companies, including helping Hathor Exploration Limited raise $22M for its initial drill programs that culminated in the discovery of the Roughrider deposit in Saskatchewan. Since November 2013, Mr. Heath has worked in Corporate Finance for Seaspan Corporation.
Scott Gibson, Chief Executive Officer commented, "We are pleased to have Alex join our team, as we build the framework for exploration success. Our overriding mandate is to enhance value creation for Roughrider's shareholders, and now having both Dale and Alex on our board of directors enables Roughrider to draw on both the geological and financial expertise and experience in the Athabasca Basin."
Roughrider is also pleased to announce that, following the annual and special general meeting, the board of directors appointed Dale Wallster as Chairman of the Board.
Finally, Roughrider is pleased to announce that it has completed its previously announced acquisition of Saskatchewan Mineral Disposition MC1246 consisting of 1,556.8 hectares, for more information please visit http://www.roughriderexploration.com/s/genesis.asp. This claim was purchased from an arm's length party for the issuance of 100,000 common shares of Roughrider (at the market value of $0.21 per share) that are subject to a 4 month hold period.
For Further Information, please contact:
Chief Executive Officer
Neither the 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.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although Roughrider believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
United States Advisory
The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.
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