Lander Energy Corporation
TSX VENTURE : LAE.H

December 17, 2010 09:55 ET

Lander Energy Corporation Appoints New Director

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2010) - As previously announced, Lander Energy Corporation ("Lander") (TSX VENTURE:LAE.H) entered into a share exchange agreement whereby Lander will acquire all of the issued and outstanding shares of Valentus Medical Technologies Inc. ("Valentus") (see press release of November 26, 2010). The transaction will constitute Lander's Qualifying Transaction pursuant to the policies of the TSX Venture Exchange. Following the execution of the share exchange agreement, Lander is pleased to announce the appointment of Stephen Davis to the board of directors of Lander.

Mr. Davis is an entrepreneur who has good experience in leading inventors through the process of commercializing their product, successfully protecting Intellectual Property, assembling the right teams for business success, securing rights, raising funds and going public. In addition to his business pursuits, he has been an active volunteer with the University of Victoria in their Entrepreneurship Program, over the last 4 years. He sits on several boards, both private and public.

Mr. Davis is currently leading Valentus in identifying and securing a variety of non-invasive medical device solutions designed to improve personal health at affordable cost to the patient. To date Mr. Davis has secured the exclusive rights for a digital breast imaging device worldwide excluding China, exclusive rights to a medical thermal imaging device for Canada and the exclusive rights to the only Class IV therapeutic laser approved for use in Canada. Sales representatives in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario are now in place along with several International Distribution agreements signed within the last 30 days.

David Wood, CEO stated, "Mr. Davis is a valuable addition to the board and we look forward to his contributions as we move forward. Lander and MacQuarie Private Wealth are raising up to $3 million to fund the acquisition of Valentus (see press release of November 26, 2010). These funds will be used primarily for the sales and marketing of these non-invasive medical devices along with general operating capital for the following 12 months."

To find out more about Valentus go to www.ValentusMedicalTechnologies.com.

This news release contains forward-looking statements. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Lander Energy Corporation
    David Wood
    President and CEO
    (604) 720-7307