UC Resources Ltd.

UC Resources Ltd.

February 10, 2016 16:05 ET

UC Resources Undergoes Management Change and Moves to NEX

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2016) - UC Resources Ltd. (the "Company") (TSX VENTURE:UC) -

UC Resources announces that the company board of directors has accepted the appointment of Andrey Soloviev as President of the Company effective immediately. The Company will add Andrey to its board of directors in due course with the submission of his consent to act as a director and his personal information form for review as soon as possible. Gary Monaghan will remain as Executive Chairman and CFO through the transition phase of the company.

Andrey Soloviev brings an opportunity in the Pharmaceutical market that we feel could turn the direction of the company. The company plans to move forward in this new direction assuming it will receive shareholder approval as this transition takes place.

The company has accepted the resignation of Nicole Wood as CFO effective immediately.

Directors Senator Larry Faulk, Paul Bercier, Trent Blind, and Lorne Roseborough will remain as directors until the new management team is selected and the transition that is required takes place.

The Company announces that is being transferred from the TSX Venture exchange to the NEX exchange. This will facilitate the beginning of a new direction for the Company. The new symbol for the company post move to NEX is UC.H.

On behalf of the Board of Directors,

Gary Monaghan, Executive Chairman

We seek safe harbour.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the La Yesca properties and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation

Contact Information

  • UC Resources Ltd.
    Gary Monaghan
    Executive Chairman