March 26, 2010
- Starcore International Mines Ltd. (the “Company”) is pleased to announce the appointment of Jordan Estra of Ocean Ridge, Florida as Chairman and director of the Company.
Mr. Estra joins the company with over 39 years experience in the fields of finance and strategic planning. Formerly a leading research analyst and global metals/mining team leader for a number of major investment banks, including SG Warburg (now UBS), Merrill Lynch and BT Alex Brown (now Deutsche Bank), Mr. Estra is Managing Director, Private Equity at Sutter Securities Incorporated, focused on raising capital for emerging natural resource companies. He began his career in the resources industry, at AMAX Inc., a global natural resources leader with interests in precious metals, copper, lead, zinc, coal, oil & gas, molybdenum, tungsten and iron ore. He held a number of positions in Finance, Marketing and Strategic Business Development.
Mr. Estra is also a Director of Searchlight Minerals Corp. and Ensurge, Inc., both publicly traded companies in the mining and metals industry.
Mr. Estra graduated with High Distinction from Babson College (International Economics) and with Honors from the Columbia University Graduate School of Business (Finance). He served in the United States Army (Medical Corps) and has been a member of the American Institute of Mining, Metallurgical and Petroleum Engineers, the Foreign Policy Association, the New York Society of Security Analysts and the Stock & Bond Club of South Florida. He holds Series 6, 7, 24 57 and 58 securities licenses.
“We welcome Jordan Estra to Starcore with great excitement and are enthused about the boundless opportunities that lie ahead for us,” said Robert Eadie, President of Starcore. “We are thankful to Bill Sheriff for his contributions in the limited time he was with us and wish him all the best in his future endeavours.”
Mr. Estra’s appointment follows the departure of William Sheriff as Chairman of the Company. In conjunction with his appointment, Mr. Estra has been granted incentive stock options to acquire 400,000 shares in the Company at a price of $0.15 per share, and subject to the Company’s stock option plan and vesting provisions. For more information on the Company visit our website at www.starcore.com
ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.Signed “Robert Eadie”
Robert Eadie, President
FOR FURTHER INFORMATION PLEASE CONTACT: Robert Eadie
Toll Free: 1-866-602-4935 / Facsimile: 1-604-602-4936
The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
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