Crazy Horse Resources Announces Change in Board and Management
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/25/12 -- Crazy Horse Resources Inc. (TSX VENTURE: CZH) (the "Company") announces that it has placed its Taysan Copper-Gold Project on a care and maintenance basis in order to minimize expenses while it continues to pursue a trade sale or joint venture. With the Company in a non-operational and cash conservation mode, Mr. Brian Lueck has agreed to resign as Chief Operating Officer and a director in order to pursue other ventures. As a founder and substantial shareholder of the Company Mr. Lueck will continue to support the Company.
Mr. Lueck is replaced as a director by Mr. Roderick R.C. Salazar III. Mr. Salazar is the Company's external legal counsel in the Philippines and a recognized legal expert in the areas of mining and minerals resources. Mr. Salazar is Co-Managing Partner of the law firm of Fortun Narvasa Salazar and a director and/or officer of a number of resource companies with operations in the Philippines.
The appointment of Mr. Salazar is subject to TSX Venture Exchange acceptance.
ON BEHALF OF THE BOARD OF CRAZY HORSE RESOURCES INC.
MITCH ALLAND, President and C.E.O.
This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Crazy Horse Resources Inc. There is no assurance that the Company will be successful in completing a sale or joint venture particlualry in light of the current economic climate and the resulting valuation of commodities including copper. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Crazy Horse Resources Inc. does not assume the obligation to update any forward-looking statement, except as required by applicable law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
KIN Communications Inc.
Investor Relations
1-866-684-6730
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Datum: 25.09.2012 - 23:00 Uhr
Sprache: Deutsch
News-ID 186766
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contact information:
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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