Sector: Natural Resources (Metals & Mining)
Sillenger Exploration Corp. (OTCQB: SLGX) is a natural resource development company dedicated to bringing a progressive, creative and proprietary approach to natural resource exploration. The Company is currently examining several opportunities for positive net income potential quickly and enduring long-term value for Sillenger shareholders globally.
New Higher Tier Market Listing
(S.E.C. Reporting Company)
OTCQB: SLGX
(go to www.OTCMarkets.com for a free, ‘Real-Time Level 2’ quote on SLGX)
Important Investor Note: Significant corporate changes and new business developments are unfolding right now. As such, the Company’s latest SEC quarterly filings may not reflect this.
Until the next 10-Q filing, Investors should note that this is expected to be largely, a ‘News’ driven stock for those seeking the latest developments and up-to-the-minute information.
The Company believes Africa to be the new frontier in the mining industry. Parts of Africa have been noted for a rich history in gold, diamond, and other precious mineral mining. The continent hosts a number of major base metals mines extracting copper, zinc, bauxite, and iron ore. Recent exploration activity has led to the discovery of rare element strategic minerals such as uranium, tantalum, gallium and lithium.
While Sillenger’s initial focus will be Africa, the Company will consider and examine any opportunities that lend themselves to the income statement and can build lasting value for Sillenger shareholders.
FOCUS ON AFRICA
Change in Africa is occurring at a much faster pace than many realize. Many African governments have recognized the need for democratization and economic development, but still find it difficult to attract the capital and expertise required to improve their industrial and social infrastructures because the international perception is that the investment risk issimply too high.
However, Sillenger believes that there are tremendous opportunities that warrant serious investment.
As such, Sillenger Exploration is prepared to act boldly and decisively as a catalyst for major resource development.
Republic of Guinea-Bissau (Africa)
Guinea-Bissau is among the world's least developed nations and depends mainly on agriculture and fishing. Its proximity to Europe, untapped resources, and a government anxious to prove positive economic development make it an ideal place to build strong public and private relationships.
Recent Announcement
(May 6, 2010)
Sillenger Exploration Corp. Enters into Memorandum of Understanding with the Government of the Republic of Guinea-Bissau
VANCOUVER, BC. -- Sillenger Exploration Corp. (OTCQB: SLGX), is pleased to announce that through its representatives in Africa, has entered into a Memorandum of Understanding (MOU) with government officials of the Republic of Guinea-Bissau. The scope of the MOU covers business development in the Republic of Guinea-Bissau.
CURRENT HOLDINGS: BULKLEY MINERAL CLAIMS
(Although Sillenger’s current focus is not on developing the Bulkley Claims, we still include the following description of these Company assets)
Sillenger owns 100% interest in the three (3) mineral claims located in the Atlin Mining Division, British Columbia, Canada. The claims are in an area of 947 hectares, which is equivalent to 2,340 acres. The Bulkley Mineral Claims are located on the Teepee property to the southeast of the TP showings (104M 048-050) and the Crine Veins (104M 081) near Tee Pee Peak about 54 kilometers west of Atlin, British Columbia [Lat.59 38′ 29′N, Long.134 32′ 24′W].
The map below shows the location of the claims in northern British Columbia, Canada.
Atlin is located on the east shore of Atlin Lake in north western British Columbia with a relatively isolated community of about 350 inhabitants. Atlin is 98 kilometers south of Jake’s Corner, Yukon on the Alaska Highway, and 182 kilometers from Whitehorse, Yukon.
EXECUTIVE OF THE YEAR
Sillenger Exploration Corp. to Appoint New President
May 5, 2010 -- Sillenger Exploration Corp.(OTCBB: SLGX) announces that it will appoint John Gillespie as its President. Mr. Gillespies's appointment will be completed as soon asSECregulatory filing requirements allow.
Mr. Gillespie will bring senior corporate expertise in licensing, legal, and royalty mechanisms toSillenger Exploration. Since 1978, he has built an impeccable track record as President and CEO for major corporations includingPizza Pizza, Goliger's Travel, and Ryan's Pet Foods. As President ofPizza Pizza Ltd., a major QSR chain based in Toronto, Ontario, Mr. Gillespie expanded the company from 16 franchised outlets to 130, and over $100 Million in system wide sales, largely by pioneering and implementing a sophisticated computer system, while enabling accelerated business development.
Mr. Gillespie earned the honor of being awarded "Executive of the Year" in 1987 by theCanadian Franchise Associationfor his efforts in transforming the CFA into an organization dedicated to teaching and promoting ethical franchise methods and business practices.
In 1992, Mr. Gillespie purchased Ryan's Pet Food which he doubled in size by creating a franchise licensing system, adding new licensees to its corporate base. In 1988, in conjunction with a TSX-listed venture capital firm, Mr. Gillespie purchased a controlling interest in Goliger's Travel, became its President, CEO & largest shareholder, as well as a strategic partner in other ventures and investments. Under his direction, Goliger's became one of the largest independent travel companies in Canada with 76 franchised agencies, and sales of $125 Million.
During the past decade, Mr. Gillespie has proven his skill set and foundations as a business strategist by engineering a wide range of solutions in real estate and land management, labor negotiations, legal frameworks, marketing and business development, administration, and rapid revenue growth.
"Mr. Gillespie's considerable business and management experience, combined with his licensing expertise, makes him the ideal leader for Sillenger's newly planned business model for mineral exploration." stated Ms. Carolyne Sing, executive officer and director at Sillenger Exploration.
COMPANY INFO
U.S. Office
Sillenger Exploration Corp.
468 North Camden Drive, Suite 200
Los Angeles, CA 90210
Canadian Office
Sillenger Exploration Corp.
7839 – 17th Avenue
Burnaby, British Colombia V3N 1M1
info@sillenger.com
Investor Relations
Drew Farion
drewfarion@sillenger.com
(310) 860-5646
Attorneys
NORMAN LAW FIRM
8720 Georgia Avenue, Suite 906
Silver Spring, Maryland 20910
Auditor
SILBERSTEIN UNGAR, PLLC
30600 Telegraph Road, Suite 2175
Bingham Farms, Michigan 48025
