|By Marketwired .||
|May 30, 2014 08:45 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/31/14 -- Kenna Resources Corp. (TSX VENTURE:KNA) ("Kenna" or the "Corporation") announces the appointment of Tim Fernback as President, CEO and Director and the resignation of Shane Shircliff as President and CEO of the Corporation. Mr. Fernback brings to the Corporation over twenty years of experience in financing public and private small-cap companies in Canada. He is the current President, CEO and director of both Jet Gold Corp. (TSX VENTURE:JAU) and Golden Virtue Resources Inc. (TSX VENTURE:GVR) as well as the former President, CEO and director of Providence Resources Corp. (TSX VENTURE:PV). Mr. Fernback holds an Honours B.Sc. from McMaster University, and also a graduate of the University of British Columbia, where he completed a MBA with a concentration in Finance. In addition, Mr. Fernback holds a Certified Professional Accounting Designation (CPA, CMA) and is an active member of many industry and trade organizations in Vancouver.
Kenna further announces the appointment of Anthony Jackson as CFO and Director and the resignation of Todd Lahti as CFO of the Corporation and Brad Fettis as Director of the Corporation. Mr. Jackson is a Principal of BridgeMark Financial Corp. ("BridgeMark") and a founder of Jackson & Company Chartered Accountants, a company that assists private and public companies with their accounting and tax requirements. Prior to his time at BridgeMark, Mr. Jackson spent a number of years at Ernst & Young LLP before working as a senior analyst at a boutique investment banking firm. During this time he provided services to a broad range of public and private companies in a variety of industries including the mining and minerals sector.
Mr. Jackson earned a Bachelor of Business Administration degree from Simon Fraser University, and holds the professional designation of Chartered Accountant (CA), where he is a member of the BC and Canadian Institute of Chartered Accountants. Mr. Jackson has had extensive experience as a Director and CFO of numerous publicly traded corporations in the metals and mining industry.
The Corporation also announces the appointment of Steven Low as Director and the resignation of Steve Halabura as Director of the Corporation. Mr. Low is a former natural gas trader and institutional salesman, holding positions with three notable Toronto boutique dealers. Mr. Low has built and maintains robust relationships on both the buy-side and sell-side in Canada and into the U.S. He has a passion for all aspects of energy marketing - upstream, midstream and downstream - and investor interest in each of these areas. With significant market-making experience for junior issuers, Steven is able to present companies to the appropriate analysts, investment bankers and dealers with the best distribution possible for their specific strategy, including facilitation of crossing of blocks. A former infantryman and aircraft structural repair technician with the Canadian Forces, Steven's compelling nature exudes a clear-cut approach to his client's needs.
The Corporation would like to thank Messrs Fettis and Halabura for their services and wish them luck in their future endeavours. Following the appointment to the board of directors of Messrs Fernback, Jackson and Low, the board of directors of the Corporation will be comprised of Tim Fernback, Anthony Jackson, Todd Lahti, Steven Low, Shane Shircliff and Corey Giasson.
At the forthcoming annual and special meeting of Kenna to be held on July 23, 2014, management of the Corporation intends to, inter alia, nominate Messrs Fernback, Jackson and Low as nominees for election to the board of Kenna.
About Kenna Resource Corp.
Kenna Resources Corp. is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares in Kenna trade on the TSX Venture Exchange under the ticker symbol: KNA. Kenna's primary asset is its wholly owned Elizabeth Lake Property located 26 kilometers north of La Ronge, Saskatchewan which consists of 5 claims covering over 3,282 ha. The property is host to a historic copper deposit. Kenna's current exploration focus is on performing an airborne geophysical survey as well as a ground prospecting program on its Elizabeth Lake Property to assist in developing a winter drilling program.
On Behalf of the Board of Directors of Kenna,
Tim Fernback, President and CEO
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 news release.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities -- that could cause actual results to differ materially from the Corporation's expectations are disclosed in the Corporation's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Corporation disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Kenna Resources Corp.
President and CEO
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