Romulus Resources Ltd.

TSX VENTURE : ROM


December 06, 2012 11:19 ET

Romulus Resources Ltd. Appoints New CEO and CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2012) - Romulus Resources Ltd. (the "Company") (TSX VENTURE:ROM) announces the resignation of Riaz Shariff, as President and Chief Executive Officer, however, Mr. Shariff will continue as a director of the Company. Anish Sunderji has been appointed as the new President and Chief Executive Officer.

Mr. Sunderji has been with the Company as a director since it was listed on the TSX Venture exchange in April 2008. Mr. Sunderji is currently the President of First Globe Capital International Inc., a privately held company. Mr. Sunderji is also currently a director of Anfield Nickel Corp., Highbury Projects Inc, Twyford Venture Inc, and West Melville Metals Inc., all of which companies are listed on the Exchange.

The Company also announces the resignation of Amin Amlani as Chief Financial Officer and Secretary and the appointment of Mr. Alnesh Mohan as Chief Financial Officer and Secretary of the Company. Mr. Mohan is a Chartered Accountant and a partner at Quantum Advisory Partners LLP ("Quantum"). Quantum is a chartered accounting firm specializing in providing accounting and financial reporting support to junior resource companies. Mr. Mohan has over 17 years of accounting, auditing and tax experience providing advisory services to a wide array of clients. Prior to joining Quantum, Mr. Mohan spent over a decade working within the Big 4 public accounting firms. Most recently he spent four years with KPMG LLP in Vancouver as a tax manager providing corporate and personal tax consulting and compliance services to clients both in Canada and the United States.

The Company also announces the grant to an officer of the Company, subject to TSX Venture Exchange approval, of an option to purchase 50,000 common shares of Romulus Resources at an exercise price of $0.30 per share for a term of five years vesting over four years.

Anish Sunderji, President & CEO

Romulus Resources Ltd.

Cautionary and Forward Looking Statement Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address possible future commercial production, reserve potential, exploration drilling results, development, feasibility or exploitation activities and events or developments that Company expects to occur are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements.

For more information on the Company, Investors should review the Company's annual filings that are available at www.sedar.com.

No regulatory authority has approved or disapproved the information contained in this news release.

Contact Information

  • Romulus Resources Ltd.
    Anish Sunderji
    1 (604) 844-2842
    1 (604)-844-2843 (FAX)