CNRP Appoints Director and Grants Incentive Stock Options

July 02, 2015 10:08 AM EDT | Source: CNRP Mining Inc.

Toronto, Ontario--(Newsfile Corp. - July 2, 2015) - CNRP Mining Inc (CSE: CND) ("CNRP" or "the Company") announces that, effective July 1, 2015, David M. Lonsdale has been appointed a director of the Company.

Mr. Lonsdale is President and CEO of The Lonsdale Group, a Dallas-based private investor in small cap companies. He is a director of GreenBank Capital Inc (CSE: GBC) a publicly listed Canadian merchant bank. Previously he was for ten years the President of Allegiance Capital Corporation, a private investment bank focusing on mergers and acquisitions, with offices in Dallas, New York, and Chicago. Mr. Lonsdale has successfully built and sold three venture-funded information technology companies, including selling one of them to Microsoft. Earlier in his career he managed corporate divisions of McDonnell Douglas/Boeing and Dun & Bradstreet/A C Nielsen. He obtained his MBA in Finance & Marketing from Cornell University and his B.Sc. in Physics & Mathematics from Leeds Beckett University in the U.K.

The Company has agreed to grant 125,000 incentive stock options to Mr Lonsdale exercisable at a price of $0.05 per share for a 24 month period from the date of grant.

About CNRP Mining

CNRP is a Toronto based mineral company primarily focused on developing the Elmtree Gold Project in New Brunswick, Canada. Elmtree has an indicated resource of 99,000 ounces of gold and an inferred resource of 195,000 ounces of gold.

For more information please see www.CNRPmining.com or contact Danny Wettreich at (416) 628 9879 or dw@CNRPmining.com.

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of CNRP Mining Inc. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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