Satori Resources Inc. Corporate Updateadmin
Toronto, Ontario / ACCESSWIRE / March 31, 2014 / Satori Resources Inc. (TSXV:BUD) (“Satori” or the “Company”) announces a clarification of its past news releases, both as to corporate direction and in respect of its board of directors. Firstly, the Company confirms that Ms. Strand resigned as a director of Satori in order to pursue a new career path as a senior manager within the Government of the Northwest Territories. As a result of her acceptance of this new governmental role, Ms. Strand is required to phase out her involvement with all publicly traded companies. Satori’s board was one of the first of Ms. Strand’s resignations in this regard.
The Company believed that a replacement board member would be pre-mature, particularly due to the fact that management has been actively pursuing two new transactions outside of the mining sector, the terms of which, if ultimately concluded, may include the appointment of one or more board seats.
Notwithstanding that, however, the TSX Venture Exchange requested that the Company fill the vacancy and halted trading of the stock until such time as a new board member and affiliated filings are completed.
Consequently, the Company has now appointed Mr. Walter Henry to fill the vacancy, as required, and has completed all filings in this regard. Accordingly, we anticipate that trading of the Company’s common shares on the TSX Venture Exchange will resume shortly.
The Company continues to evaluate new opportunities in the agricultural sector, particularly as it relates, directly and indirectly, to businesses associated with medical marijuana. Mr. Scott Walters and other qualified candidates continue to provide input in this regard, and the Company will provide timely updates as this transpires. In the interim, the Company also remains focussed on defining opportunities for the potential of the Tartan Lake Gold Mine Project.
ABOUT SATORI RESOURCES INC.
Satori is a Toronto-based mineral exploration and development company whose primary property is the Tartan Lake Gold Mine Project (100% interest), located in the prolific Flin Flon Greenstone Belt, Manitoba. The Company is currently considering transactions in respect of the Tartan Lake Gold Mine, in addition to evaluating new project opportunities, both within the mining sector and others, particularly as it relates, directly and indirectly, to the medical marijuana sector.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jennifer Boyle, B.A., LL.B
President and Chief Executive Officer
Satori Resources Inc. email@example.com
T: (647) 430.0966 C: (416) 904.2714
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.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Satori contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Satori’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Posted: March 31st, 2014 under ACCESSWIRE.