Sernova Announces Appointment of Cathy Steiner as CFO

Source: Sernova Corp FOR RELEASE January 31st, 2014, 6:00 a.m. EST LONDON, ONTARIO--(Marketwire – Jan. 31st, 2014) - Sernova Corp. (TSX-V: SVA), today announced that Ms. Cathy R. Steiner, CPA CA MSc MBA has joined the Company as Chief Financial Officer. Ms. Steiner is an industry veteran with over 20 years of experience working with healthcare companies as an investment banker, financial and capital markets advisor, and management consultant. Prior to joining Sernova, Ms. Steiner was Managing Director of Nucleus GC, an advisory services boutique specializing in the healthcare and life sciences sector. In this capacity, she advised healthcare clients at all stages of development on financings, mergers and acquisitions, business development, and growth strategy.

Previously she held the positions of Executive Director, Healthcare Investment Banking for CIBC World Markets, and Vice President, Healthcare Investment Banking for Yorkton Securities, where she was instrumental in raising over $1 billion in funding for Canadian-based companies, and in mergers and acquisitions worth in excess of $2 billion. Earlier, Ms. Steiner was Senior Tax Specialist at Deloitte.

“We are delighted to be bringing Cathy on board as Sernova’s CFO,” stated Dr. Philip Toleikis, President and CEO of Sernova. “Given her deep capital markets expertise as well as her extensive experience planning and closing successful transactions for healthcare companies, we are confident that she will make a great contribution to strengthening our financial position and advancing our corporate development.”

Sernova wishes to thank Mr. Bill Smethurst, the outgoing CFO, for his service to the Company.

Sernova also announces that it has granted an aggregate of 2,910,000 incentive stock options on January 27th, 2014 to certain directors, officers, employees and consultants of the Company to purchase common shares in the capital stock of the Company subject to approval of the TSX Venture Exchange. Each option entitles the holder to purchase one common share of the Company at an exercise price of $0.15, for a period of 5 years, in accordance with the provisions of the Sernova Stock Option Plan.

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