VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/27/10 -- Landen Capital Corp. (the "Company") (TSX VENTURE: LAN) is pleased to announce the appointment of James C. Gervais, LGen (Retired), B.Sc., to the Company's Board of Directors.
James C. Gervais retired from the Canadian Forces as a Lieutenant General, the second highest ranking in the Canadian military, before joining the Public Service of Canada. Mr. Gervais' military career of over 35 years consisted of a variety of command and staff appointments in Canada (and abroad), leading to command of the Canadian Army in 1991. Upon his retirement from the military in 1993, Mr. Gervais was appointed Deputy Secretary to three of Canada's Governor Generals. His duties included managing Canada's National Honours Program until 2004, which brought him in contact with leaders in the business, academic and cultural fields. In 1994, Mr. Gervais was appointed Honorary Colonel of the 12e Regiment blinde du Canada, his home regiment which he previously commanded. In 2009, he completed a six-year appointment as the Honorary Lieutenant Colonel of the Governor General's Foot Guards in Ottawa. Mr. Gervais has extensive leadership, operational and government relations experience.
Born in the mining community of Rouyn-Noranda, Mr. Gervais worked in mines prior to his military career and has always maintained a strong interest in mining. He is a fluently bilingual (French/English) executive with excellent communication skills and international contacts.
Mr. Gervais graduated from the Royal Military College in Kingston, Ontario, and attended the Royal Military College of Science (UK). He is currently Chairman of Northern Gold Mining Inc., a Director of the Canadian Corps of Commissionaires (Ottawa Division), a not-for-profit security firm, and co-chairs a committee of the Institute for Canadian Citizenship involved with the integration of new Canadians into society.
"Mr. Gervais has an impressive background," commented Marc-Antoine Audet, President and CEO of Landen Capital Corp. "His insight and guidance will assist the Company in executing its strategic plans and we look forward to his contributions to the Company's success in 2010 and beyond."
The Company has granted today a total of 250,000 incentive stock options to Mr. Gervais pursuant to its Stock Option Plan. These options will be exercisable at a price of $0.42 per share and will expire on April 25, 2015. An 18-month vesting provision will be included. The grant of the stock options is subject to regulatory approval.
Mr. Gervais replaces Mr. Cameron Matches, who has resigned as a Director effective immediately. The Company would like to thank Mr. Matches for his commitment to the Company from its inception until now.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Landen Capital Corp.
Dr. Marc-Antoine Audet
President and CEO
(514) 726 4158
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