VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 17, 2015) - Select Sands Corp. (TSX VENTURE:SNS)(OTC PINK:CLICF) (the "Company") is pleased to announce that the Company has hired Carl Buchanan as an Industrial Sales Specialist effective November 16th, 2015. Mr. Buchanan entered into a "Consulting Agreement" to act as the Company's Senior Sales Consultant responsible for generating sales of the Company's products primarily in the industrial space as well as the oil and gas sectors.
Previously, Mr. Buchanan worked as a Regional Manager for US Silica for over 16 years. US Silica is a leading producer of silica sand and other industrial minerals used in the manufacture of glass, paints, metals, coatings, ceramics, and building products. His responsibilities included establishing and negotiating annual contracts, maintaining and cultivating existing and new business relationships, and leveraging day-to-day senior-level affiliations to advance new business. Mr. Buchanan was directly responsible for the sales and management of a seven-state territory and was head of National Account sales for major building product and glass customers including: Owens Corning Roofing & Insulation, St. Gobain, Certainteed, Gardner Asphalt, Mapei, Sto Corporation, Anchor Glass, and Atlas Corporation.
While at US Silica, Mr. Buchanan increased Building Products sales revenues by 40%, establishing US Silica's Building Products market as the quickest emerging sector in the company.
"I am very excited to be joining the Select Sands team and becoming a key part of its building process," states Mr. Buchanan. "The Sandtown deposit has very high-quality characteristics that I believe will be in very strong demand and command a high value in the growing industrial market."
"Select Sands is one step closer to fulfilling its strategy to target the industrial sand market segment to balance its frac sand opportunities in the oil field markets," stated the Company's CEO Rasool Mohammad. "The commercial building and housing construction boom in the United States has created growing demand for Tier 1 silica sands, and Carl will help expedite the industrial sale process into that market."
About Select Sands Corp.
Select Sands' Sandtown property, located in northeast Arkansas, USA, is underlain by the Ordovician St. Peter sandstone formation, which is a major source of 'Ottawa White' Tier-1 frac sand/industrial sand selling into major US oil and gas basins as well as industrial and speciality end markets. The Sandtown property is located 3.1 miles from Highway 167 near a natural gas pipeline. The property has an active power line on the property and is located approximately 14.7 miles from the nearest rail system (see December 4, 2014 News Release). Compared to competitive sand mines located in Wisconsin owned by the largest US frac sand producers, Sandtown has a competitive location advantage as it is approximately 650 rail miles closer to the Texas/Louisiana oil/gas plays as well as the Houston port and industrial hub.
The Sandtown property contains 22 million tons of Indicated resources of silica sand with a pre-tax NPV valued at US $160 million. This mineral resource is contained within 40% of the total property area (See June 10, 2015 News Release).The Company also owns the Preview SW Gold Project in the La Ronge Gold Belt, northern Saskatchewan. The Preview SW Gold Project hosts indicated resources containing 158,300 ounces of gold (2.61 million tonnes grading 1.89 g/t Au) and inferred resources containing 270,800 ounces (5.70 million tonnes grading 1.48 g/t Au) based on a 0.50 g/t Au cut-off grade (See October 31, 2013 News Release).
Douglas Turnbull, P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure in this News Release.
For more information about Select Sands Corp., please visit www.selectsandscorp.com.
Neither 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.
FORWARD-LOOKING INFORMATION
This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the anticipated completion of the proposed private placement. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. The assumptions on which the forward looking statements contained herein rely include the ability to complete the remainder of the financing. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold within the United States absent such registration or an applicable exemption from such registration requirements.
