May 23, 2018 - 8:30 AM EDT
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Letho Resources Appoints New President and CEO




Letho Resources Appoints New President and CEO

Jason Leikam brings over 17 years of experience in natural resources capital markets



Vancouver, British Columbia (FSCwire) - Letho Resources Corp. (the “Company”) announces that that Mr. Jason Leikam will succeed Mr. Goodwin as the Company’s new President and Chief Executive Officer (“CEO”) effective May 22, 2018.

 

Mr. Leikam brings over 17 years’ experience in natural resources capital markets and management experience to Letho. Mr. Leikam has been an independent director of the Company since March 13, 2018.

 

As a leading component of the Company’s development strategy, Letho Resources recently announced a Memorandum of Understanding to acquire Anio Oil and Gas Sh.a., a private Albanian company that holds a license to the Ballsh-Hekal producing oil field in Albania.

 

Quote from Dimitri Soudas, Chairman of Letho Resources Corp.

 

Mr. Leikam will dedicate his focus on leading the Company through the completion of asset acquisitions to deliver to shareholders an oil and gas production focused company with a production growth oriented asset base in Albania. Jason’s leadership and resolve will ensure Letho’s growth and success during this critical phase.

 

“On behalf of the Board of Directors, our partners and shareholders, we wish to thank Mr. Goodwin for his years of service as CEO and President and express our appreciation for his contribution during the period of negotiation for asset acquisition and transition. We look forward to his continued contribution as a Board member.

 

Quote from Jason Leikam, President and CEO of Letho Resources Corp.

 

“I am ready to roll up my sleeves, get to work and bring to fruition the recent acquisition announcement of Anio Oil & Gas Sh.a. We are a stronger and more resilient company, and I could not be more excited to take on this role.

 

Mr. Leikam’s focus has been in a corporate development and executive administrative capacity with development and exploration companies.  Mr. Leikam serves as a director (since 2013) of Metgas Industries Ltd., a private natural gas technology company.  He also serves as President and Director of Quantus Resources, a private mineral exploration company.  From 2007 to 2011, he was manager of Corporate Development for Silvermex Resources Ltd, which was subsequently acquired by First Majestic Silver Corp in 2012, and Canabo Medical Inc. (formerly Auracle Resources Ltd.)  from 2011 to 2016, a company that was operating a Canadian, physician-led clinic network for medical cannabis. Mr. Goodwin will continue to serve as an independent director on the Company’s Board of Directors. 

 

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

 

To learn more about us, please visit our website at: www.lethoresources.com

 

ON BEHALF OF THE BOARD OF DIRECTORS OF LETHO RESOURCES CORP.

 

Dimitris Soudas,

Chairman of the Board of Directors

 

For more information, please contact:

Dimitris Soudas

Website: www.lethoresources.com

 

Forward-Looking Statements

 

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. Such statements include the terms of the proposed private placement (including proposed use of proceeds) and the terms of the proposed business combination with Anio. These statements reflect management’s current estimates, beliefs, intentions and expectations and are not guarantees of future performance. Such statements are based upon certain assumptions which Letho’s management believes to be reasonable, including assumptions relating to the availability of funds to complete the private placement, the nature of Anio’s assets and the expected conditions to closing. Letho cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Letho’s control. Such factors include, among other things: risks and uncertainties relating to Letho’s ability to complete the proposed private placement and satisfying the conditions to closing of the business combination transaction, including the completion of satisfactory due diligence. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Letho undertakes no obligation to publicly update or revise forward-looking information.

 

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.

 

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. 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 HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER OR SALE OF SECURITIES IN THE UNITED STATES.







Source: Letho Resources Corp. (TSX Venture:LET)

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Source: FSCwire (May 23, 2018 - 8:30 AM EDT)

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