Latest news with #Eades
Cision Canada
4 days ago
- Business
- Cision Canada
Stuhini Exploration Appoints Meredith Eades as President and Chief Executive Officer; Appoints David O'Brien as Board Chair; Announces other Corporate Updates
VANCOUVER, BC, June 2, 2025 /CNW/ - Stuhini Exploration Ltd. ("Stuhini" or the "Company") (TSXV: STU) (OTCQB: STXPF) is pleased to announce the appointment of Ms. Meredith Eades as President and Chief Executive Officer ("CEO"), and Director of the Company, effective immediately. Mr. David O'Brien has stepped down as President and Chief Executive Officer and moved to the position of Chair of the Company replacing Tony Fogarassy, who has stepped down as Chair and as a Director. Mr. David O'Brien commented: "We are excited to welcome Ms. Eades to lead Stuhini as its President & CEO. Her unique combination of business acumen, leadership experience, and background in high-performance environments makes her exceptionally well-suited to guide Stuhini through its next phase of growth." "I am honoured to take on the role of President & CEO and look forward to leading Stuhini into the next stages of its growth," commented Meredith Eades. "Our primary focus will be on advancing Ruby Creek, with a vision of responsible and effective exploration that unlocks its full value. I am eager to work alongside our technical team, advisors, and stakeholders to achieve these objectives." As an executive Ms. Eades brings a relevant skill set to Company. She will draw on her 9 years of experience in investor relations within the mining sector, alongside her background in business, marketing, and professional athletics. Throughout her career, she has worked with reputable companies such as Radisson Mining Resources Inc., American Pacific Mining Corp., and Silver47 Exploration Corp. Ms. Eades has a proven track record working with junior mining companies to leverage their value proposition, capital raising, fostering investor confidence, and leading strategic growth initiatives. Ms. Eades holds a Bachelor of Commerce in Marketing from the University of British Columbia and has developed strong leadership skills through her experience as a professional athlete in skiing and mountain biking. Her background has instilled a deep understanding of teamwork, discipline, and motivation—key qualities that have contributed to her success in both business and sport. The Company would like to thank Mr. David O'Brien, who has stepped down from his role as President & CEO and transitioned to Chair of the Board. David's leadership has been instrumental in Stuhini's growth, and the Company looks forward to his continued support. The Company also wishes to thank Mr. Tony Fogarassy for his leadership as Chair of the Board during his tenure. In connection with Ms. Eades appointment, the Company has granted Ms. Eades a stock option for the purchase of 500,000 common shares of the Company at an exercise price of $0.11 per share for a term of five years expiring May 30, 2030. The stock option vests in stages of 25% every six months such that all options shall be fully vested by May 30, 2027, subject to the terms and conditions of the Company's stock option plan. The option grants are subject to any necessary regulatory approvals. About Stuhini Exploration Ltd. Stuhini is a mineral exploration company focused on exploration and development of precious and base metals properties in western Canada and the southwest United States. The Company's portfolio of exploration properties includes the flagship Ruby Creek Property, 14 km east of Atlin, BC; the South Thompson Nickel Project, 35 km northwest of Grand Rapids, Manitoba; the Big Ledge Property, 57 km south of Revelstoke, BC; the Red Hills Project in northeast Nevada and the Jersey Valley Project in northwest Nevada. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Stuhini Exploration Ltd.
The Independent
10-03-2025
- Business
- The Independent
Hotels charging inflated rates ahead of Cheltenham Festival amid expected dip in attendance
Hoteliers charging inflated prices during Cheltenham Festival have been accused of trying to 'milk the festival' as event bosses fear it is impacting attendance. More than 200,000 racegoers are expected to arrive in the Regency spa town on the edge of the Cotswolds from Tuesday for the highlight of the National Hunt racing calendar. However, after last year's attendance fell by nearly 11,000 to 230,000, chief executive Guy Lavender has already warned of a further decline while acknowledging the need to provide better value for customers. Although tickets for this year were frozen at last year's prices, Mr Lavender said the cost of hotels and accommodation during the week was having an impact. Earlier this month, analysis by firm suggested a five-night stay for two adults in Cheltenham for festival week on rose to an average £3,288 from £1,081 the week before, marking a 204 per cent increase. It was similar for Airbnb listings, with the price increasing from £589 to £1,717. The latest estimates show the festival brings in £274m into the local economy. Nathan Eades, who runs two pubs within a 40-minute drive of Cheltenham called The Halfway at Kineton and the Horse & Groom at Bourton-on-the-Hill, told The Independent many hoteliers took advantage of festival week. Mr Eades, who does not increase his prices for accommodation during the week, said: 'I'm not actually sure how many people have got between £2,000 and £3,000 in this economic climate to justify going to Cheltenham on March four-day racing week. I wouldn't be able to do it, I don't think I'm in the minority. 'What will happen is people will find alternatives, it's as simple as that, so they don't have to spend so much money.' Mr Eades wanted businesses to get together for a 'reset' on the prices charged. He said: 'In recent years, most operators have tried to milk the festival for everything it's worth. The hospitality industry is going through a tough time currently and has struggled since Covid. 'While we completely understand the temptation to try and make a few extra quid during the festival, this 'formula' is one that is a quick fix and not a lasting remedy. 'The breaking strain will snap at some point. It probably already has for some as they are opting for alternative options away from the racecourse and, ultimately, Cheltenham and the surrounding areas.' His comments come after Lindsey Holland, who sits on Cheltenham Chamber of Commerce and runs the Cleeve Hill Hotel, defended the price of accommodation in the town. She told Racing Post: "Hotels aren't being incredibly greedy, they're not pushing the prices up because they can. It's about having a formula which works and sticking with it. I've spoken to hotels who have said their prices haven't changed since last year.' However, Mr Lavender, who took over as the course's chief executive in January, wrote in his open letter last week: 'We have heard both anecdotally and directly that the cost of accommodation is impacting attendance. The fact that many hotel rooms are still available locally, having not sold, re-enforces this view.' Mr Lavender said any fall in attendance would not be 'catastrophic', adding he expects more than 200,000 people to still arrive for the four-day festival which reaches a climax with the Gold Cup on Friday. For those who arrive, he said, there will be noticeable changes to improve racegoers' experience. These include putting down hardstanding for the 7,000 sold-out car parking spaces following last year's chaos when rain turned parts of the area into a mud bath. There will also be an easing of course-side drinking restrictions and new coach travel put on with National Express with more than 20 pick-up locations across the country. clicking here while following our coverage throughout the week on our website.
