|Vancouver, B.C. - Northern Vertex Capital Inc. (TSX.V:NEE) ("Northern Vertex") is pleased to announce that David Farrell has been appointed to the Company's Board of Directors. Mr. Farrell brings Northern Vertex 17 years of investment banking and legal experience in the mining industry. David has been President of Davisa Consulting, a private consulting company, since October 2011. Prior to this, he was Managing Director, Mergers & Acquisitions at Endeavour Financial. Endeavour Financial was a boutique investment and merchant banking company focused exclusively on the junior to mid-tier global mining industry. Prior to his 12 years at Endeavour Financial, David was a lawyer at Stikeman Elliott, working in Vancouver, Budapest and London.
States Northern Vertex CEO Kenneth Berry "We are very pleased to welcome David aboard the Northern Vertex team. We look forward to his strategic input as we continue to advance our Moss Gold-Silver Project in Arizona and our recently acquired Lemhi Gold-Silver Project in Idaho. David brings Northern Vertex a wealth of experience in the international precious metals sector. He will undoubtedly play a key role in our future growth strategy, as we continue to aggressively pursue asset based precious metals acquisitions, near-term gold-silver production and long-term sustainable growth."
At Endeavour Financial, Mr. Farrell rose to the position of Managing Director, M&A where he was responsible for the origination, negotiation and implementation of mergers and acquisitions, dispositions and strategic review opportunities both for Endeavour's gold business and global mining clients. As Managing Director, he successfully closed over US$25 billion worth of transactions in the junior and mid tier global mining space for companies operating in precious and base metals, coal and energy metal industries.
Subject to the approval of the TSX Venture Exchange, Northern Vertex will issue 200,000 incentive stock options to Mr. Farrell under the Company's stock option plan and are exercisable for a period of 5 years at a price of $1.30.
Mr. Farrell graduated from the University of British Columbia with a B.Comm. (Honours, Finance) and an LL.B and is called to the bar in both British Columbia and England. He is also a board member, chairman of the finance committee and treasurer of Yaletown House, a non-profit, critical-care seniors' facility in downtown Vancouver.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
For further information, please visit www.northernvertex.com
or contact Colin Clancy at Telephone: 604-601-3656 or Toll Free: 1-855-633-8798
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Cautionary Note to US Investors:This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.