Mr. Alex Klenman reports
TERRA CLEAN ENERGY ANNOUNCES CHANGES TO MANAGEMENT
Terra Clean Energy Corp.
has appointed Greg Cameron as president and chief executive officer and C. Trevor Perkins as vice-president, exploration, of the company, effective immediately. The appointment of Mr. Cameron follows the resignation of Alex Klenman as president and chief executive officer, with Mr. Klenman continuing to serve as a member of the Board of Directors of the company.
Mr. Cameron has extensive experience and knowledge in business development, strategy, acquisitions and divestitures, as well as corporate restructurings. He is a former senior investment banker and held senior positions at leading Canadian and international investment banks including Canaccord Genuity, Orion Securities and Macquarie. He currently is the managing director of Colby Capital Ltd., a private merchant bank in Toronto. Mr. Cameron has over two decades of high-level experience in the capital markets, serving on numerous public and private company boards from start-ups to seasoned public companies. "I'm excited to lead Terra and begin an aggressive development plan of the South Falcon uranium deposit," said Mr. Cameron, chief executive officer. "We believe strongly that our upcoming exploration program will allow us to increase both the size and grade of the current deposit. With renewed optimism in the uranium sector and fresh capital to deploy we believe the timing is right to create a lot of value."
Mr. Perkins is a professional geologist with wide-ranging experience in planning and executing mineral exploration programs and managing exploration teams. He brings a proven record in uranium exploration that includes significant results. During his three-decade career, Mr. Perkins has fulfilled roles as exploration manager, UEX Corp., vice-president, exploration, Cameco Mongolia, district geologist -- Europe and Asia, Cameco Corp., senior geologist, Rio Tinto senior project geologist, Cameco Australia, and project geologist, Cameco, in the Athabasca basin, Saskatchewan. As project geologist for the McArthur River project, he led a team that discovered the McArthur River North extension zones and as senior project geologist for Cameco Australia, led a team that discovered the Angulari uranium deposit. Most recently Mr. Perkins was a technical adviser for the company and is currently the vice-president, exploration, for Azincourt Energy. "I am very excited to move into this new role with Terra Clean Energy," commented Mr. Perkins, vice-president, exploration. "This is an exciting time for the company. I am eager to move forward with our South Falcon East project and look for opportunities to expand our exploration portfolio."
The company also announces an award of 2,075,000 restricted share units (each, an RSU) pursuant to its omnibus incentive plan to directors, officers and consultants of the company. Each RSU entitles the recipient to receive one common share of the company on vesting. The RSUs vest on the date that is one year from the date of grant. The grant of RSUs remains subject to the receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange.
About Terra Clean Energy Corp.
Terra Clean Energy (formerly Tisdale Clean Energy Corp.) is a Canadian-based uranium exploration and development company. The company is currently developing the South Falcon East uranium project, which holds a 6.96-million-pound inferred uranium resource within the Fraser Lakes B uranium/thorium deposit, located in the Athabasca basin region, Saskatchewan, Canada.
Qualified person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by C. Trevor Perkins, PGeo, the company's vice-president, exploration, for the company, and a qualified person as defined by National Instrument 43-101.
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