Declan Resources Inc.
TSX VENTURE : LAN

November 25, 2013 07:00 ET

Declan Announces Appointment of Dr Hikmet Akin to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 25, 2013) - Declan Resources Inc. ("Declan" or the "Company") (TSX VENTURE:LAN) announces that Hikmet Akin has joined the Company's board of directors. Dr. Akin holds an undergraduate degree in mining geology, a PhD in engineering and a postdoctoral degree in mining geology/mineral economics. Dr. Akin's studies were completed at the Technical University of Berlin where he later taught and became an adjunct professor.

Dr. Akin has 35 years of career experience in mineral exploration, development and production with an emphasis on uranium projects. Dr. Akin held various senior managerial positions before becoming President and CEO of the German mining company Uranerzbergbau GmbH ("Uranerz"). Uranerz was the 3rd largest uranium producer in the world with exploration and mining operations mainly in North America, Germany and Central Asia before its sale to Cameco Corp. in 1998. In his time with Uranerz, Dr. Akin worked the Athabasca basin extensively and has supervised activities that lead to the advancement of projects and various discoveries in the Athabasca Basin, and elsewhere. Dr. Akin now has a geological consulting practice serving a broad range of international corporate clients. He is also Chairman of Anatolia Energy which is developing an in-situ leach uranium project in Turkey.

Declan's President, Wayne Tisdale states "We are very pleased to welcome Hikmet to our team. He brings a level of knowledge and experience in the Uranium exploration space that is world class. Hikmet will be instrumental in assisting us in exploring our existing properties and attracting exciting new opportunities for Declan".

The Company further announces that it has granted stock options to acquire up to 1,000,000 common shares of the Company to a director of the Company. The stock options are exercisable for a five year term expiring on November 22, 2018 and exercisable until that time at a price of $0.09 per common share. On November 21, 2013, the last day that the Company's common shares traded prior to the granting of the stock options, the closing price of the common shares on the TSX Venture Exchange was $0.085 per share. One-third of the options vested immediately upon the date of grant with an additional one-third to vest on each of the dates that is nine months and eighteen months from the date of grant. The stock options, and any common shares issued upon exercise of the stock options, are subject to a four month resale restriction.

The Company further announces the cancellation of 2,200,000 existing stock options.

About Declan Resources Inc.

Declan Resources Inc. is an independent mineral exploration company based in Vancouver, B.C. which is currently pursuing mineral exploration in their Nimini Hills and Baomahun license areas in Sierra Leone. Declan also has an option to acquire a 100% interest in two uranium exploration properties in the Patterson Lake area of the Athabasca basin in Saskatchewan.

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.

Contact Information

  • Declan Resources Inc.
    Wayne Tisdale
    President and CEO
    (604) 639-4455