Vancouver, BC, December 8, 2014 -- Roughrider Exploration Limited (TSX-V: REL) ("Roughrider") is pleased to announce that Roughrider's board of directors appointed Mark Morabito, who previously served as a strategic advisor to Roughrider, as an additional member of Roughrider's board of directors. Roughrider's board now consists of Dale Wallster, Chairman, Scott Gibson, CEO, Jay Sujir, Wayne Hewgill, Alex Heath and Mr. Morabito.
With over 15 years' of public markets experience, Mark Morabito has built an extensive track-record of significant capital-raises and successful corporate transactions within the mining industry. With total capital raises and commitments to date in excess of $900M, Mr. Morabito has established himself as one of the most respected and successful entrepreneurs in the junior mining sector.
Mr. Morabito has been responsible for the creation and advancement of a number of successful resource development companies, including Alderon Iron Ore Corp., Excelsior Mining Corp., and Crosshair Energy Corporation. At Alderon, he led the team that concluded an off-take agreement worth over $400 million with Hebei Iron & Steel, China's largest steel producer in their first overseas transaction. Mark is the founder of King & Bay West., a Vancouver-based merchant bank and technical services company that specializes in identifying, funding, developing and managing resource-based opportunities. Mr. Morabito completed his law degree at the University of Western Ontario and he has a BA from Simon Fraser University.
Scott Gibson, Chief Executive Officer commented "We are proud to welcome Mark as the newest member of our board. His valuable expertise and depth of experience will help Roughrider on its path towards growth."
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Chief Executive Officer
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This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although Roughrider believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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