TORONTO, April 24, 2012 /CNW/ - Transition Metals Corp. (XTM - TSX.V) is pleased to announce the appointment of George McTaggart as a
consultant to provide investor relations and strategic marketing
services to Transition Metals.
Mr. McTaggart has held senior marketing and investor relations roles in
the junior mining and technology sectors with a number of private and
public companies. He has over 20 years of expertise in developing and
executing marketing strategies and plans that deliver quick,
cost-effective results, and add shareholder value. Most recently, he
was Vice President Corporate Development at Orezone Gold Corp., where
he focused on investor relations and marketing for the company as they
developed their West African gold and uranium projects. McTaggart has
an MBA from the Richard Ivey School of Business, a BSc in Geology from
Queen's University, and began his career as an exploration geologist
with Falconbridge Ltd. in Timmins, Sudbury and British Columbia.
"We're very pleased to have George on board to help take the company to
the next level," said Scott McLean, CEO of Transition Metals. "He
brings a unique skillset and excellent experience in marketing,
communications, investor relations and business management, and will
help tremendously as we further increase the awareness, reputation and
value of the company within the investment community. He'll also help
further strengthen our relationships with other key stakeholders,
including the communities in which we operate."
Under the terms of the agreement, Transition Metals will pay McTaggart
up to $80,000 over the course of the initial twelve-month term (with a
right of termination by either party at any time) and has granted
100,000 stock options at an exercise price of $0.40 per share. The
options will have a term of five years following the date of grant and
will vest quarterly over a period of one year. Other than stock
options, Mr. McTaggart does not own any securities of the Company.
Kindly note that the Agreement and related stock option issuance to
McTaggart remain subject to the approval of the TSX Venture Exchange.
Transition Metals Shares Issued and Outstanding: 22,206,315
About Transition Metals Corp
Transition Metals Corp (XTM -TSX.V) is a Canadian-based, gold-focused
project generator that specializes in converting new exploration ideas
into Canadian discoveries. The team has over 60 years of collective
exploration experience in the established, emerging and historic mining
camps of northern Ontario, and actively develops and tests new ideas
for discovering gold mineralization in places that others have not
looked, which often allows the company to acquire properties
inexpensively.