VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2008) - Raytec Metals Corp. (the "Company") (TSX VENTURE:RAY) is pleased to announce the appointment of Jeannine P.M. Webb as Chief Financial Officer ("CFO"). Mrs. Webb, CGA, has 20 years of experience in the mining resource sector and was a principal of Badger & Co. Management Corp. ("Badger & Co."), a private company providing a full range of financial, corporate and geological management services to junior public mineral exploration companies. During this time, Mrs. Webb served as CFO and Corporate Secretary for companies under management with Badger & Co.
The Company also announces the appointment of John R. Houghton as Corporate Secretary. Mr. Houghton is a senior corporate/commercial lawyer with over 30 years of experience who represents a broad range of public and private businesses. Between 2002 and 2004 Mr. Houghton served as President of Agronomic Growth Industries, a specialty fertilizer company based in Calgary, Alberta. He has been designated "repeatedly recommended" in franchising law by the Canadian Legal LEXPERT(R) Directory and routinely provides opinions in connection with license agreements, distributorship agreements and technology transfer documents.
"I am very pleased to be able to assemble a quality team with proven track records. Mrs. Webb's extensive knowledge in finance along with Mr. Houghton's diversified background in law adds a wealth of experience to the Company's management," states Mr. Brian Thurston, Raytec President. "The Board is pleased that Mr. Forward will remain a Director of the Company and recognizes his past contribution as Raytec's CFO."
The Company wishes to thank Mr. Casey Forward for his services as CFO. Mr. Forward will remain on the board of directors of the Company contributing to both the Ethics and Disclosure Committees as well as chairing the Audit Committee.
Under its 10% rolling Stock Option Plan (the "Plan"), the Company has granted incentive stock options to directors, officers, consultants and employees for the purchase in the aggregate of up to 400,000 common shares of the Company for a period of five years at a price of $.30 cents per share. The options were granted based on the recommendation of the Company's Compensation Committee and are subject to the terms of the Plan.
About Raytec:
Raytec Metals Corp. is a well financed, dynamic Canadian exploration company focused on the exploration and commercialization of over 180,000 acres of potash permits in Saskatchewan, Canada - the largest producing region for potash in the world. The Company holds a 15 per cent stake in Sulphur Solutions Inc., an emerging fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer. The Company is further diversified with iron ore projects in Ontario, and uranium joint venture projects in the Athabasca Basin of Saskatchewan.
On behalf of the Board,
RAYTEC METALS CORP.
Brian Thurston, President
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Raytec Metals Corp.
Brian Thurston
President
(604) 688-6410
(604) 688-6402 (FAX)
Website: www.raytecmetals.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
