James Bay Appoints Jean Gauthier as New Director
10 12월 2012 - 11:54PM
Marketwired Canada
James Bay Resources Limited (TSX VENTURE:JBR) ("James Bay" or the "Company") is
pleased to announce that it has appointed Jean Gauthier as a director. Mr.
Gauthier is a retired member of Canada's Foreign Service with more than 35 years
of experience including long career overseas assignments in Africa and the
Middle East.
Experience in Nigeria and Surrounding Region
From September 2009 to August 2012, Mr. Gauthier served as the first Deputy High
Commissioner of Canada to Nigeria with responsibilities for the Deputy High
Commission of Canada in Lagos and Senior Regional Trade Commissioner for Nigeria
and Central Africa. From May 2006 to August 2009, Mr. Gauthier became Deputy
Director for the African Great Lakes Region, Central Africa and Nigeria where he
had special responsibilities for coordinating Canada's bilateral relations with
Nigeria. This role was in addition to the responsibilities he took on in 2003 as
Deputy to Canada's Special Envoy and Ambassador for the African Great Lakes
Region. Mr. Gauthier has also had overseas assignments in Egypt, Kuwait, Iraq,
Saudi Arabia and Yemen where political developments, trade relations, and oil
policies were his daily focus. He received the Professional Association of
Foreign Service Officers award in recognition of the dedication and commitment
that characterized his long and successful career in the Foreign Service.
"We are delighted to welcome Mr. Gauthier to the Board of Directors of James
Bay. He has a depth of experience in Nigeria and its surrounding regions that is
invaluable to our company" said Stephen Shefsky, James Bay's CEO.
Oil & Gas Project in Nigeria
As announced in its October 10, 2012 press release, James Bay has been preparing
the necessary materials to pursue conditional approval for its change of
business under the TSX Venture Exchange (the "Exchange") policies and has filed
a National Instrument 51-101 report prepared by Sproule International Limited
(the "51-101 Report") with the Exchange.
As disclosed in its June 28, 2012 press release, James Bay has entered into an
agreement to acquire a significant direct interest in an oil and gas project in
Nigeria (the "Project"). James Bay has entered into a joint operating agreement
dated May 28, 2012 (the "JOA") and deed of assignment dated March 9, 2012 (the
"DOA") in respect of the Project, which have been filed with the Department of
Petroleum Resources in Nigeria (the "DPR").
Subject to receipt of all required approvals, James Bay intends to re-enter an
existing well on the Project next year to facilitate two drill stem tests and a
six month extended well test, all designed to determine the next steps in its
exploration and development of the Project.
About James Bay Resources
James Bay is a well-financed Canadian resource company with 28,040,350 shares
outstanding and trades on the TSX Venture Exchange under the symbol "JBR".
Please visit the James Bay website at www.jamesbayresources.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
James Bay Resources Limited
Stephen Shefsky
President & CEO
416-366-4200
sshefsky@jamesbayresources.com
James Bay Resources Limited
Keith Porter
Investor Relations
416-366-4100
keith.porter@jbrlimited.com
www.jamesbayresources.com
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