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April 19, 2013 /PRNewswire/ -
Prima Fluorspar Corp. (TSX-V: PF) ("
Prima" or the "
Company") is pleased to announce that at the open of market today, its common shares began trading on the TSX Venture Exchange (the "
TSX-V"). Prima is expanding a historic fluorspar resource* at its Liard Fluorspar Property in
Northern British Columbia.
"Fluorspar (fluorite) is indispensable to our modern existence," explains
Robert Bick, CEO of Prima. "We use it every day. It is an integral part of consumer products like Teflon® and GORE-TEX®, refrigeration, aluminum and steel smelting, medicines, cement and petroleum-based fuels."
"Astonishingly," adds Mr. Bick, "there are no fluorspar mines in
USA. Prima's large fluorspar property in
British Columbia has a historic resource, easy access and mineralization at surface. With 30 km of strike length, our geo team believes that this property has the potential to become a major fluorspar producer."
"Our management team has just the right combination of technical, marketing and financial expertise required in an early stage company. Our industry partners, Zimtu Capital Corp. and 49 North Inc. provide support critical in today's challenging markets."
HIGHLIGHTS ABOUT PRIMA'SHISTORIC RESOURCE*
3.2 million tonnes at an average grade of 32% fluorspar*
Mineralization at surface
30 km strike length
Metallurgical Testing: 97% CaF 2*
22,500 ha (55,000 acres), 100%-owned claims
Easy access, on Alaska Highway in British Columbia
No fluorspar mines in Canada or USA
Uses: Refrigeration, aluminum and steel smelting , consumer products like Teflon® and GORE-TEX®, medicines, cement, and petroleum-based fuels
$2.4 billion/annum market
North American Purchasers: Chemical Companies - Dupont, Honeywell; Aluminum Producers: Rio Tinto Alcan ( Kitimat)
PRIMA MANAGEMENT TEAMRobert Bick, President/CEORobert Bick is an experienced company builder. Mr. Bick is the former CEO and Executive Chairman of Evolving Gold Corp. (
www.evolvinggold.com). He joined Evolving Gold when it had a market cap of less than
$3 million, trading on the CNSX. During Robert's tenure, the market cap increased from
$3 million to over
$100 million. Evolving Gold raised over
$50 million during that period, moved to the TSX-V and subsequently graduated to the TSX main board.
Andrew Davidson, Chief Financial OfficerAndrew Davidson provides extensive financial and public company knowledge to the team. Mr. Davidson is a Chartered Accountant with extensive experience in Canadian and international financial reporting standards. He has years of experience in public practice accounting focusing specifically on assurance for publicly listed enterprises. Mr. Davidson is also the CFO of 49 North Resources Inc. (
http://www.fnr.ca/index.cfm), a Canadian resource investment company headquartered in
Saskatchewan. Mr. Davidson currently sits as a director for Kimpar Resources Inc. and Allstar Energy Limited.
Sean Charland, DirectorSean Charland provides a critical marketing presence for Prima in
Toronto. Mr. Charland is a seasoned communications professional with experience in raising capital and marketing resource exploration companies. Mr. Charland is a director of Zimtu Capital Corp., an investment issuer listed on the TSX-V. His network of financial community contacts extends across
North America and
Europe. Mr. Charland also serves as a CEO of Red Star Resources and Director of Arctic Star Exploration Corp.
Dean Nawata, DirectorDean Nawatacontributes public market and capital finance depth to the team. Mr. Nawata has over 18 years of public market experience, nine of which he spent as a licensed stockbroker focusing on financing of junior mining and oil/gas projects with
Nesbitt Burns, Research Capital Corporation, and
Raymond James. Mr. Nawata currently holds a position in Business Development for 49 North Resources and is President / CEO of Olympic Resources Ltd. and Director of Big North Graphite Corp.
Jenna Hardy, Director
With over 30 years as mining industry geoscientist, Ms. Hardy supplies technical, geological expertise to the team. As a professional geoscientist, she has been involved in project coordination, regulatory and permitting issues, implementation and monitoring of environmental action plans and procedures, as well as environmental impact assessment. Ms. Hardy also serves as a Director of Commerce Resources, HFX Holdings and Argentex Mining.