Century Iron Mines (TSE:FER) has named Marcel Aubut as chairman of its board, the iron ore explorer said Monday.
Aubut, in his 30 years as a commercial lawyer, has experience in the areas of business and sports, both in Quebec and across Canada.
Currently, he is the president of the Canadian Olympic Committee, and the former chief executive of Trans-Canada Productions.
In addition, he was the architect behind the establishment of the Quebec Nordiques in the National Hockey League, for which he sat as a governor for 16 years.
In a statement, CEO Sandy Chim said: "We anticipate the company will benefit from his superior skills in business, public policy, governance and stakeholder relations – all of which have driven his exceptional track record of success in the establishment of complex new projects in Quebec and in Canada."
Aubut has been a director for companies such as Atomic Energy of Canada, Aeterna Zentaris, Transforce, and Boralex Power Income Fund, among others. Moreover, he has also led the creation of several industrial projects in the greater region of Quebec City.
In 2008, Aubut received the Quebec Bar’s honorary title of Emeritus Lawyer, and he also received the medal of the national assembly of Quebec in 1981.
Century Iron is Canada's largest holder of iron ore land claims, with interests in several properties in the Provinces of Quebec and Newfoundland and Labrador.
It holds a full interest in the Sunny Lake project in Quebec, and a 51 percent interest in the Duncan Lake joint venture project, also in Quebec, with Augyva Mining Resources (CVE:AUV).
Century is also part of an option agreement with Champion Minerals (TSE:CHM), where it may earn up to a 60 percent interest in the Attikamagen project in Quebec.
Shares of Century Iron rose 10 cents, or 4.76 percent, to reach $2.20 Monday afternoon on the Toronto Stock Exchange.
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