Message #1 From:
NewsBot Date: October 13, 2005 12:00:00 AM
FNX News FNX Appoints Robert Low as Director and Roland Horst as Vice President, Business Development
TORONTO--(BUSINESS WIRE)--Oct. 13, 2005--FNX Mining Company Inc. (TSX:FNX)(AMEX:FNX) reports that Robert B. Low, CA, CBV was appointed to the Board of Directors, effective September 14, 2005. Mr. Low is a Chartered Accountant and Chartered Business Valuator. He has had broad experience in business and securities valuation and due diligence since 1978. Robert becomes Chairman of FNX's Audit Committee.
FNX also announces the appointment of Roland L. Horst, MSc, LLB, MBA as Vice President, Business Development, effective October 3, 2005. Mr. Horst began his career as an exploration geologist with Inco Limited followed by several years of corporate finance experience with a number of brokerage firms. For the past several years, Mr. Horst has been involved in the financing and managing of mining and geophysical companies. He has a BSc degree from McGill, MSc from Laurentian and LLB and MBA from the University of Western Ontario.
Mr. Terry MacGibbon, President and CEO of FNX noted that "FNX is gratified that it was able to attract to its growing team, two experienced and exceptional individuals. On behalf of the Board of FNX, I would like to welcome Bob and Roland. I know the Company and its shareholders will benefit from their expertise and advice."
Entrepreneur of the Year Award
It is with great pride that FNX also announces that Terry MacGibbon, President and CEO, was awarded Ernst and Young's prestigious Entrepreneur of the Year Award in the Energy Category for 2005. The honour was presented at a gala awards dinner on October 6th, 2005 at the Toronto Convention Centre. The Award recognized Mr. MacGibbon's unique contribution to the success and growth of FNX from a junior mining exploration company to a mid-tier profitable producing miner in just over three years.
FNX Mining Company Inc. explores, develops and profitably re-opens former producing mines in the Sudbury Basin mining district. The Company produces nickel, copper and precious metals and has been a very successful explorer, recently announcing the new high grade, Levack Footwall Discovery. FNX has a strong balance sheet and no debt. The Company is poised to triple production over the next 24 months.
