Savant Explorations Ltd. Announces Board Changes and Granting of Options to Officers and Directors
October 14 2011 - 8:15AM
Marketwired
Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to
announce that Mr. Reginald Advocaat has been appointed to the
Board.
Mr. Advocaat has 29 years experience in the junior mining sector
initially as broker and trader with Pacific International
Securities Inc. with a primary role of underwriting junior resource
companies. Since 1986 and prior to his current role as President of
Fortunate Sun Mining Company Ltd., Mr. Advocaat worked as an
investor relations and corporate development consultant for several
TSX listed companies including Eldorado Gold Corp. and Great
Panther Resources Ltd. Mr. Advocaat played a primary role in
raising over $100 million for public companies during his
career.
Mr. Advocaat replaces Mr. Ron Simpson who has retired from the
Board. Savant wishes to thank Mr. Simpson for his role in the
startup of Savant and his dedication and efforts on behalf of
Savant over the past four and half years.
The Board of Directors has approved the granting of stock
options to directors, officers and consultants for the purchase of
1,250,000 common shares of the Company. The options are granted
pursuant to the Company's Stock Option Plan and have an exercise
price of $0.10 per share, a term of five years and are fully
vested.
This press release contains forward-looking statements. These
forward-looking statements are based upon the reasonable beliefs of
Savant and its management as of the date of this news release;
however, forward-looking statements involve risks and uncertainties
and are based upon factors that may change and assumptions that may
prove, with the passage of time, to be incorrect as a result of
exploration and other risk factors associated with mineral
exploration and development that are beyond the control of Savant.
Accordingly, undue reliance should not be placed upon such
statements. If factors materially change or assumptions are
materially incorrect, the actual results, performance or
achievements of Savant may be materially different from any future
results, performances or achievements expressed or implied by such
forward-looking statements. Savant does not undertake any
obligation to update or revise any forward-looking statements to
reflect new information, future events or otherwise, except as
required by applicable law.
Contacts: Savant Explorations Ltd. John McClintock President and
CEO (604) 568
5817info@SavantExplorations.comwww.SavantExplorations.com
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