Athabasca Nuclear Announces Senior Management Change
13 Febrero 2014 - 7:00AM
Marketwired
Athabasca Nuclear Announces Senior Management Change
CALGARY, ALBERTA--(Marketwired - Feb 13, 2014) - Athabasca
Nuclear Corp. (TSX-VENTURE:ASC) ("Athabasca Nuclear" or
"Corporation") is pleased to report that it has appointed Mr.
Charles Downie, P.Geo. as Senior Technical Advisor to the
Corporation. In conjunction with this consulting position, Mr.
Downie has relinquished his executive role with the company while
continuing to serve on the Board of Directors of Athabasca
Nuclear.
The Corporation has appointed Mr. Ryan Kalt, Chairman of
Athabasca Nuclear, to act as the Chief Executive Officer (Interim)
until the Corporation's next annual meeting or until a permanent
officer is appointed.
Mr. Kalt became a Director of Athabasca Nuclear in early 2012
and was instrument to the Corporation in obtaining its
sector-leading mineral tenure position in the Western Athabasca
Basin during 2013. Mr. Kalt is the largest shareholder of the
Corporation holding 9,691,567 common shares of Athabasca Nuclear
representing approximately 21.25% of its issued equity. He holds a
Bachelor of Commerce (Honours) from Queen's University, a Masters
of Business Administration from the University of Western Ontario,
a Bachelor of Laws from the University of Western Ontario and a
Masters of Law (Natural Resources, Energy and Environmental Law)
from the University of Calgary. He concurrently serves as the Chief
Executive Officer of Gold Royalties Corporation, a publicly-traded
gold royalty company. Mr. Kalt is a Barrister & Solicitor and
an active member of the Law Society of Alberta.
"Athabasca Nuclear is at an important stage of its growth and I
look forward to furthering the Corporation's strategy in the best
interests of fellow shareholders. I would also like to thank Mr.
Downie for his valued contributions to-date. I am particularly
excited to have him consult for the Corporation as Senior Technical
Advisor in a move that will enable his time to be reserved for and
concentrated on geological aspects of our business," stated Ryan
Kalt, Chairman and Chief Executive Officer (Interim) of the
Corporation.
Shareholder Update Regarding Website
Athabasca Nuclear is also pleased to report that it has launched
a new company website. The new website features additional content
that will be helpful for shareholders to understand and monitor
their investment in Athabasca Nuclear. It may be accessed by
visiting www.AthabascaNuclear.com.
About Athabasca Nuclear Corporation
Athabasca Nuclear Corporation (TSX-VENTURE:ASC) is a junior
uranium exploration company focused on the exploration and
advancement of its significant uranium portfolio in Saskatchewan
including the Preston Lake, Patterson Lake East, Botham Lake, Parry
Lake, Martin River, Karras River and Spring uranium projects. For
more information on each of these projects, please visit
www.AthabascaNuclear.com.
Athabasca Nuclear is the Operator of the Western Athabasca
Syndicate, a group exploration effort of a 287,130 hectare (709,513
acre) package of uranium properties which is the largest land
position along the highly prospective margin of the Western
Athabasca Basin controlled by a single group (the "Preston Lake
Project"). Under the terms of the agreement, each of the member
companies have an option to earn 25% of the five uranium properties
comprising the Western Athabasca Syndicate Partnership by making a
series of cash payments, share payments and incurring their
pro-rata amount of the total $6,000,000 in exploration expenditures
over the two-year earn-in term of the agreement. The properties
were acquired for their proximity to the Patterson Lake South
discovery and interpreted favorable geology for the occurrence of
Patterson Lake South-style uranium mineralization. The bulk of the
syndicate land package is bisected by all-weather Highway 955 which
runs north through the Patterson Lake South discovery to the former
Cluff Lake uranium mine.
Signed,
Ryan Kalt, Chief Executive Officer (Interim)
Forward-Looking
Statements
This news release may contain forward-looking statements.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Actual results
may differ materially from those currently expected or forecast in
such statements.
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.
Athabasca Nuclear CorporationRyan Kalt, LL.M., M.B.A.Chairman
and Acting
CEO403-470-3265ryan.kalt@athabascanuclear.comwww.AthabascaNuclear.com
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