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LONDON - Landore Resources Limited (AIM:LND) announced Thursday that its CEO Alexander Shaw has been appointed to the board of directors of Storm Exploration Inc. (TSX-V:STRM).
The appointment follows Storm’s recent Annual General Meeting and Special Meeting, according to a company press release.
Shaw will represent Landore Resources Canada’s approximately 15.6% interest in Storm, making Landore the single largest shareholder in the company. This stake was acquired following a cash and shares option payment for the Miminiska Lake and Keezhik Lake Properties.
"I am delighted to be joining the Board and representing Landore Resources Canada’s interest in Storm," Shaw said. "This allows Landore to participate in decisions relating to Storm as its single biggest shareholder."
Bruce Counts, President and CEO of Storm Exploration, noted that Shaw’s "impressive geology credentials and broad industry experience will help to ensure that shareholders continue to be represented by a qualified and well-rounded board."
Landore Resources is listed on London’s AIM market, while Storm Exploration trades on the TSX Venture Exchange in Canada.
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