Rodinia Announces Senior Officer Appointments And Completion Of The Strider Lithium Acquisition
Toronto, Ontario, October 14, 2009: Rodinia Minerals Inc. (“Rodinia” or the “Company”) (TSXV: RM) is pleased to announce that its Board of Directors has appointed Ryan Ptolemy as the Chief Financial Officer of the Company, Aaron Wolfe as the Vice-President, Corporate Development and Jennifer Wagner as the Corporate Secretary of the Company.
Mr. Ptolemy will replace Mr. Bruce Ford as the Chief Financial Officer. Mr. Ford has resigned as the Chief Financial Officer of Rodinia but will remain on the Board of Directors of the Company. Mr. Ptolemy was most recently the CFO of an independent investment dealer in Toronto. In that role, Mr. Ptolemy was responsible for financial and regulatory reporting, auditing, and budgeting. Mr. Ptolemy is a Certified General Accountant and is a CFA charter holder, and holds a Bachelor of Arts from the University of Western Ontario. The Company would like to thank Mr. Ford for his contributions to the Company as the Chief Financial Officer.
Mr. Wolfe is a corporate finance and advisory consultant to various public and private companies. Mr. Wolfe previously worked in investment banking with the Canadian division of a global investment bank. He obtained his HBA from the Richard Ivey School of Business at the University of Western Ontario. Mr. Wolfe is also currently Vice-President, Strategy with Forbes & Manhattan, Inc.
Ms. Wagner is a corporate securities lawyer who works as a legal consultant to various TSX and TSX Venture listed companies in the mining industry. Ms. Wagner previously worked as a securities lawyer at a large Toronto firm. She obtained her LL.B. from the University of Windsor and received a Bachelor of Arts from McGill University.
In addition, Rodinia is pleased to announce that it has completed its previously announced acquisition of the Strider Lithium project located in the Province of Manitoba (the "Strider Project") and in consideration have issued 5,000,000 units of the Company (the "Units") to the assignors of the Strider Project (See Press Releases dated May 14, 2009, June 19, 2009 and September 29, 2009). Each Unit is comprised of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to acquire a Common Share at an exercise price of $0.40 until October 14, 2011. The Common Shares and Warrants shall be subject to a statutory hold period which will expire on February 15, 2010. Pursuant to the acquisition, the Company shall also issue an aggregate of 1,000,000 Common Shares to Strider Resources Ltd., to be issued as follows: (i) 200,000 Common Shares as of the date hereof, (ii) 200,000 Common Shares on or prior to first anniversary of the acquisition agreement; (iii) 200,000 Common Shares on or prior to the second anniversary of the acquisition agreement; and (iv) 200,000 Common Shares on or prior to the third anniversary of the acquisition agreement; and (v) 200,000 Common Shares on or prior to the fourth anniversary of the acquisition agreement.
About Rodinia Minerals Inc.:
Rodinia Minerals Inc. is a rapidly growing lithium mine developer in the Clayton Valley, Nevada, USA.
Rodinia Minerals Inc.
Please visit the Company’s web site at www.rodiniaminerals.com or write us at email@example.com or firstname.lastname@example.org
For further information please contact
President & CEO
Tel: +1 (416) 861-5812
Vice President, Corporate Development
Tel: +1 (416) 309-2696
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the impact of the appointment on Rodinia; the potential of the Company’s projects; timetable for further exploration, analysis and development; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.