Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (64946)	11/1/2006 5:31:00 PM
From: Amark$p	Respond to of 312809

Primary Metals Announces Chief Financial Officer; Stock Options Granted via COMTEX November 1, 2006 VANCOUVER, BRITISH COLUMBIA, Nov 1, 2006 (CCNMatthews via COMTEX News Network) -- Primary Metals Inc. ("Primary" or the "Company") (TSX VENTURE:PMI) is pleased to announce that Donald Smith, has been appointed Chief Financial Officer and Secretary of the Company effective November 1, 2006. Mr. Smith brings over 30 years of experience in financial management to Primary and has a demonstrated track record in strategic planning and business growth. Mr. Smith is a Chartered Accountant and holds a Masters degree in Business Administration from Simon Fraser University, with an emphasis on Strategic Analysis. He has served as CFO, Corporate Controller and Corporate Secretary for various public and private companies in British Columbia and is a member of the Simon Fraser University Senate. "We are delighted to welcome Don Smith to the Company at a time when we are poised for growth," said Lewis Black, Chairman and CEO of Primary. "We continue to assess improvements in efficiencies and cost control at our profitable tungsten mine and are reviewing new opportunities for acquisition. His experience in this regard will be highly valued." The Company has granted Mr. Smith a five-year option to purchase 75,000 common shares in accordance with TSX Venture Exchange guidelines and the Company's stock option plan ("the Plan"). The options will bear a four-month hold period and are subject to vesting over an 18-month period, in accordance with the terms of the Plan. Mr. Smith's appointment is subject to regulatory approval. Primary Metals Inc. owns 100% interest in the Panasqueira tungsten mine in Portugal, currently producing wolframite concentrates containing some 100,000 MTU's of tungsten trioxide per annum with further improvements underway. Information about the company is available on the company's website at www.primarymetals.ca and under the company's profile at www.sedar.com. On Behalf of the Board of Directors, James Robertson, P. Eng., Director