TORONTO, ON
--(Marketwired - May 31, 2016) -
LeadFX
Inc. (the "Company" or "LeadFX") (TSX: LFX) is pleased to announce that Robert Scargill, the current Managing Director of LeadFX, has been appointed as President and CEO of LeadFX, effective immediately. The former President and CEO, Wayne Richardson, is stepping down to focus on the development of Enirgi Group's projects, LeadFX's affiliate, but will continue to serve as a member of the LeadFX Board.
Robert Metcalfe, the incoming Chairman of LeadFX, commented, "On behalf of the Board, I would like to thank Wayne for his years of dedication and exceptional management. Wayne played an instrumental role in strengthening key government and community relationships, implementing strategies for transformative change throughout the operation, and laying the foundation for the future growth and success of LeadFX. We look forward to his continued support and ongoing contributions to the Company. I would also like to welcome Rob Scargill as the new President and CEO. With his extensive experience in mine management, we are confident in Rob's ability to lead the Company as he looks toward planning the potential future restart of the Paroo Station mine."
Mr. Scargill is a qualified Mining Engineer with over 25 years' experience in the Australasian mining industry including experience in mine management, mine operations and development. Rob has been involved with and led several mine start-ups and operation turnarounds, including BHP's Cannington mine, Gympie Gold's Lewis mine and Perilya's Broken Hill mining complex.
Rob Scargill commented, "LeadFX is uniquely placed to take advantage of the growing demand for our metals in the energy storage sector. Our Paroo Station mine is restart-ready and we are executing a focused strategy to grow our lead-silver mining projects."
About LeadFX
LeadFX is a Canadian-based mining company focused on the development of lead-silver projects located in stable jurisdictions. Our current portfolio includes a restart-ready lead operation in Western Australia and a development project in Utah, USA. The Company is developing opportunities at its new properties in North America to underpin future cash flow and growth. LeadFX trades under the symbol "LFX" on the Toronto Stock Exchange.
Additional information on LeadFX
is available on SEDAR at www.sedar.com and the Company's website at www.leadfxinc.com
Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws. Examples of forward-looking information in this news release includes but is not limited to statements and information concerning the potential future restart of the Paroo Station mine, and to the business and future activities of, and developments related to LeadFX and its subsidiaries, including the development of lead and silver. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "contemplate", "target", "believe", "plan", "estimate", "expect", and "intend" and statements that an event or result "may", "will", "can", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking information by its nature requires assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information, and readers are cautioned not to place undue reliance on such information. These statements are based on expectations, estimates and projections as at the date of this news release and are subject to a number of risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance or achievement may vary materially from those expressed or implied by the forward-looking information contained in this news release. These risk factors should be carefully considered and readers are cautioned not to place undue reliance on forward-looking information, which is current only as of the date of this news release. All subsequent forward-looking information attributable to LeadFX herein is expressly qualified in its entirety by the cautionary statements contained in or referred to herein. LeadFX does not undertake any obligation to release publicly any revisions to this forward-looking information to reflect events or circumstances that occur after the date of this news release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.