TORONTO, ONTARIO--(Marketwired - Oct. 22, 2015) - Fura Emeralds Inc. ("Fura" or the "Company") (TSX VENTURE:FUR) announces the appointment of Mr. Julián Garcia to its Board of Directors, effective immediately.
Mr. Garcia has more than 25 years of experience in the mining, energy and oil & gas industries. Mr. Garcia has held a range of progressively senior positions, technical and financial, at companies including Ecopetrol, BP Amoco, the National Hydrocarbon Agency, Emerald Energy Plc Colombia and Gran Tierra Energy Inc. Mr. Garcia holds a Bachelors of Civil Engineering and a Masters in Economics from Universidad de Los Andes, Colombia, a Masters in Civil Engineering from Colorado State University, USA, and a Masters of Business Administration from the University of Birmingham, UK.
The appointment of Mr. Garcia follows the resignation of Mr. Chirvani Abdoullaev as a director of Fura. The Board and Management thank Mr. Abdouallaev for his contributions and wish him well in his future endeavours.
Pursuant to Mr. Garcia's appointment, he has been granted a total of 250,000 stock options. The options have an exercise price of $0.14 and shall expire five years from the date of grant. The grant of options remains subject to approval of the TSX Venture Exchange.
Fura is also pleased to announce that it has appointed Damian Lopez as the Corporate Secretary of the Company. Mr. Damian Lopez is a corporate securities lawyer who works as a legal consultant to various TSX and TSX Venture listed companies. Mr. Lopez previously worked as a securities lawyer at a large Toronto corporate law firm. He obtained his JD degree from Osgoode Hall and received a Bachelor of Commerce from the University of Toronto.
About Fura Emeralds Inc.
Fura Emeralds Inc. is a natural resource company which is engaged in the acquisition and exploration of resource properties in Colombia.
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the grant of options. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the oil and gas industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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.
(October 22, 2015 - 12:20 AM EDT)
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