Calgary, Alberta–(Newsfile Corp. – April 3, 2017) – Jay Richardson, Chief Executive Officer of EnerSpar Corp. (TSXV: ENER) (the “Company”), is pleased to announce the appointment of Shimmy Posen as Corporate Secretary. Mr. Posen is a lawyer at Garfinkle Biderman LLP, where he focuses on corporate finance, M&A and securities law. He acts for public and private companies, securities dealers and financial institutions on a number of public and private financings and commercial transactions. Mr. Posen holds a J.D. from Osgoode Hall Law School and a B.A. in Political Science from York University. Mr. John Arnold has resigned as Corporate Secretary, but continues on as a director and chief financial officer to the Company.
Granting of Options
In addition, the Company is pleased to announce that the Company has granted 1,250,000 incentive stock options to various Officers, Directors and Consultants. The options are exercisable at $0.05 per option for a period of 3 years from the date of grant and have no vesting conditions. The options are being issued under the terms of the Company’s Stock Option Plans which were approved by shareholders at the Company’s Annual General and Special Meeting on July 14, 2016.
About EnerSpar Corp.:
EnerSpar is a junior mining company listed as a Tier 2 Issuer on the TSX Venture Exchange based on a former producing mine in Eastern “mine friendly” Quebec, Canada. Its lead project is the Johan Beetz property comprising 4 claims totaling over 80 Ha. (over 200 acres) including 5 deposits from which production was taken in the mid — late 20th century. The Company intends to establish a resource estimate in the next 12 — 24 months.
ON BEHALF OF THE BOARD OF DIRECTORS:
Jay Richardson, Chief Executive Officer and Director
Toronto Office: 416-410-JAYR .
Neither the TSX Venture Exchange Inc. (“TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has in any way passed upon the merits of the transactions described herein and neither of the foregoing entities has in any way approved or disapproved of the contents of this press release.