Lateegra Appoints New Director and New Vice President
14 Oktober 2010 - 7:57PM
Marketwired
Lateegra Gold Corp. (the "Company") (TSX VENTURE: LRG)(FRANKFURT:
LTGB) is very pleased to announce that Mr. Thor E. Eaton has agreed
to join its Board of Directors.
Mr. Thor Eaton is a highly regarded and well known businessman
and philanthropist. Mr. Eaton serves as Chairman of Notae
Investments Ltd. and the Eaton Foundation. He has been a director
of Attwell Capital Inc. (formerly Fralex Therapeutics Ltd.) since
March, 2005, and a director of West Timmins Mining Inc. since
September, 2006. Mr. Eaton is a director of Metaris Inc. and served
as an independent director of Band-Ore Resources Ltd. He also
served as director of T. Eaton Co. Ltd. from 1973 to 1999. Mr.
Eaton created the Thor E. and Nicole Eaton Family Charitable
Foundation, which has contributed to the livelihood of hospitals,
environmental groups and Canadian cultural institutions, such as
the Royal Ontario Museum, St. Michael's Hospital, the National
Ballet of Canada and the Atlantic Salmon Association.
The Company is also very pleased to announce that Mr. Robert
Duess, P.Geo., has been appointed Vice President, Exploration. Mr.
Duess currently leads the Company's exploration program in Ontario.
He has extensive experience in the Timmins Gold Camp extending back
to the discovery of the Golden River Deformation Zone for Band-Ore
Resources in 1996. Mr. Duess, former director and Vice President of
Exploration for Band-Ore Resources, more recently held the role of
senior technical consultant to West Timmins Mining Inc. which
amalgamated with Lake Shore Gold Ltd. in a deal valued at
$424-million in November, 2009.
"We are very pleased with the appointment of Mr. Eaton to our
Board and Mr. Duess as Vice President, Exploration as these two
individuals bring a wealth of experience to our Company," stated
President and CEO Chris Verrico. "The Company now boasts an
extremely strong board and management team; a team well experienced
in the Timmins West camp, and a team that can greatly assist
Lateegra not only in developing our key asset, the DeSantis Mine,
but also to guide the Company in future acquisitions."
Mr. Patrick Morris has resigned as director of the Company. The
Company thanks Mr. Morris for his dedication over the past few
months.
ON BEHALF OF THE BOARD OF DIRECTORS
Christopher Verrico, President and CEO
Cautionary note: This report contains forward looking
statements, particularly those regarding cash flow, capital
expenditures and investment plans. Resource estimates, unless
specifically noted, are considered speculative. The company has not
filed a National Instrument 43-101 report on any property, but will
do so as soon as the information is available. Any and all other
resource or reserve estimates are historical in nature, and should
not be relied upon. By their nature, forward looking statements
involve risk and uncertainties because they relate to events and
depend on factors that will or may occur in the future. Actual
results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates,
and, but not limited to, general economic factors. Cautionary Note
to US investors: The U.S. Securities and Exchange Commission
specifically prohibits the use of certain terms, such as "reserves"
unless such figures are based upon actual production or formation
tests and can be shown to be economically and legally producible
under existing economic and operating conditions.
Contacts: Lateegra Gold Corp. Christopher Verrico President and
CEO 604-669-9330 or Toll Free: 1-866-669-9377 604-669-9335 (FAX)
info@lateegra.com www.lateegra.com
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