Beaufield Resources Inc. (“Beaufield” or the “Company”). The Board of Directors of Beaufield has approved the granting of options for 400,000 common shares of the Corporation to each of Peter W. Dunsford and Kevin Weston, under the stock option plan of the Corporation. The options exercisable at $0.21 per option are subject to a 4 month hold period and have a term of 5 years.
Peter W. Dunsford and Kevin Weston were elected to the Company’s board of directors at the annual meeting of shareholders held on February 23, 2012.
Mr. Peter Dunsford is a graduate of BCIT in Mining Technology in 1966. After graduation he was employed by the Geological Survey of Canada, Cordilleran Division. He joined Teck Corporation in 1976 as an Engineering Technologist and worked on numerous exploration and mining projects across Canada including the Yukon. He became Corporate Communications Manager in 2001 after the merger of Teck and Cominco. In April 2010, he became Manager of Special Projects. At the end of 2011, he retired from Teck. Mr. Dunsford has served on the District of North Vancouver Community Services Advisory Committee for 4 years, and also on the North Shore Community Foundation Board for 3 years.
Mr. Weston holds a degree in Mining Engineering from McGill University in Montreal. He is the Chief Operating Officer (“COO”) of Maudore Minerals Ltd, a TSX-V company, since March 2011. Before that date, he was the President and COO of St Eugene Mining Corp, a TSX-V company, from September 2010 to December 2010, the COO of Farallon Mining Ltd, a TSX company, from July 2009 to August 2010, the VP Operations Canada of Capstone Mining (formerly Sherwood Copper), a TSX company, from January 2008 to July 2009 and the VP and General Manager of NVI Mining Ltd (a subsidiary of Breakwater Resources Ltd.) from November 2005 to January 2008.
After the grant, the total number of outstanding options under the Corporation’s plan is 6,000,000 or approximately 6% of the outstanding shares.