DGAP-News: Brazil Resources Inc. Appoints Former Minister of Natural Resources, the Honourable Herb Dhaliwal, to Its Board of Directors and Grants Stock Options
(firmenpresse) - DGAP-News: Brazil Resources Inc. / Key word(s): Change of Personnel
Brazil Resources Inc. Appoints Former Minister of Natural Resources,
the Honourable Herb Dhaliwal, to Its Board of Directors and Grants
Stock Options
01.03.2013 / 14:30
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Brazil Resources Inc. Appoints Former Minister of Natural Resources, the
Honourable Herb Dhaliwal, to Its Board of Directors and Grants Stock
Options
FOR IMMEDIATE RELEASE
Vancouver, British Columbia, March 1, 2013 - Brazil Resources Inc. (TSX-V:
BRI OTCQX: BRIZF, the 'Company') is pleased to announce the appointment of
Former Minister of Natural Resources, the Honourable Herb Dhaliwal, to its
board of directors.
Regarding the appointment, Amir Adnani, Chairman, stated: 'We are pleased
to welcome the Hon. Herb Dhaliwal as a director of the Company. His
extensive and qualified experience, including his time as a member of the
Company's advisory board, makes an excellent fit.'
The board of directors appointed the Hon. Herb Dhaliwal to replace Enzio
Garayp who will continue as a member of the Company's advisory board. The
board of directors wishes to thank Mr. Garayp for his service as a director
of the Company.
The Hon. Herb Dhaliwal served as a Member of Parliament for over ten years.
He served in the Federal Cabinet under Prime Minister Jean Chrétien as
Minister of Natural Resources, Minister of National Revenue and Minister of
Fisheries and Oceans. In his role as Minister of Natural Resources, he
actively sought responsible economic development of Canada's vast natural
resources and was an authoritative policy maker on decisions relating to
the mining and energy, including oil and gas, industries.
In addition to a wealth of experience related to the natural resource
sector, Mr. Dhaliwal has tremendous business acumen. Prior to his entrance
to national politics, he founded a maintenance company that has grown under
his leadership from one employee to over 500. He has also served as
Vice-Chair of the B.C. Hydro and Power Authority board of directors, with
responsibility for oversight of the Budget and Audit Committees. The
Vancouver Sun has recognized Mr. Dhaliwal as one of the top-100 most
influential British Columbians of the 20th century. He graduated from the
University of British Columbia in 1977 with a Bachelor of Commerce degree.
In connection with his appointment to the Company's board of directors, the
Company granted 25,000 incentive stock options ('Options') to Mr. Dhaliwal.
The Options have an exercise price of $1.10 per common share, representing
the market price for the common shares on February 28, 2013, are valid for
a period of five years and vest over a period of twelve months. The grant
of Options is subject to the acceptance of the TSX Venture Exchange.
About Brazil Resources Inc.
Brazil Resources is a public mineral exploration company with a focus on
the acquisition and development of projects in emerging producing gold
districts in Brazil, Paraguay and other parts of South America. Currently,
the Company is advancing its Cachoeira, MontesÁureos, Trinta and Maua Gold
Projects located in the Gurupi Gold Belt in the state of Maranhão,
northeastern Brazil, and its Artulandia Copper-Gold Project in central
Brazil.
For additional information, please contact:
Stephen Swatton or Patrick Obara
Telephone: (855) 630-1001
E-mail: info(at)brazilresources.com
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 news release.
End of Corporate News
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Unternehmensinformation / Kurzprofil:
Datum: 01.03.2013 - 14:30 Uhr
Sprache: Deutsch
News-ID 234917
Anzahl Zeichen: 4940
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Kategorie:
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