Spur Ventures Inc., Vancouver, has appointed John Morgan as president, CEO, and a director of the company effective immediately. He succeeds Dr. Rob Rennie, who has retired following the completion of the company’s sale of its phosphate business in China. Dr. Rennie will remain with the company as a director and has agreed to remain as an advisor to the board in order to ensure an orderly transition.
Morgan is a geologist with a 35-year career as a mining executive. He has been involved in all phases of mine exploration, planning, and development, primarily in gold and coal in a variety of jurisdictions, including Central and South America and Canada. Morgan has participated in a diverse range of corporate activities, including technical reports and feasibility studies, corporate mergers and acquisitions, and major corporate financings. He is fluent in Spanish.
Spur said Morgan will be responsible for executing the company’s strategy to pursue potential acquisitions in gold, base metals, or other mineral assets or businesses that are in more advanced stages of development where the balance of technical and geopolitical risk is intended to result in increased value to Spur’s shareholders within a relatively short timeframe.
Spur granted Morgan a total of 1 million stock options pursuant to the company’s stock option plan at $0.40 per share for five years, subject to regulatory approval.