Fox River Resources Corp., Toronto, which owns 100 percent of the Martison Phosphate Project near Hearst, Ont., reports that Elizabeth Leonard has been appointed as a new director to the company’s Board of Directors. The company said she is an investment professional with a career spanning over thirty years.
Leonard has extensive experience as a portfolio manager in bonds, equities, options, and structured finance with Royal Trust and the Northern Telecom Pension Fund, and served as Vice President, Investments, and Treasurer of a Canadian Trust Company. She has also acted as Director of Institutional Sales at Sprott Securities and Loewen Ondaatje McCuttcheon.
She has been awarded the CFA designation and has been a Registered Options Principal. Most recently, she has been a Portfolio Manager, Options, with an independent Canadian Investment firm.
Concurrent with her appointment to the Board, Fox River has granted her 500,000 stock options under the company’s stock option plan. The stock options are exercisable at a price of $0.07, and expire in five years.
Fox River obtained the Martison asset in 2016 after previous owner PhosCan Chemical Corp., spun off the asset to Fox River in exchange for shares in Fox River and Petrus Resources Ltd., Calgary.