West Hawk Development Corp.
TSX VENTURE : WHD

West Hawk Development Corp.

March 05, 2009 19:38 ET

West Hawk Company Update

DENVER, COLORADO--(Marketwire - March 5, 2009) - West Hawk Development Corp. (TSX VENTURE:WHD) (the "Company") announced today that Dr. Jinsheng Chen has resigned from his position of President and CEO of Asian Operations. Dr. Chen has also resigned from his position as Director on the WHD and West Hawk Energy (USA), LLC., Boards. Dr. Chen's resignation was effective as of Monday, March 1, 2009.

The Company also continues to work diligently with Chiron Financial Advisors, the law firm of Brownstein, Hyatt, Farber, Schreck and Sierra Partners during the course of the West Hawk Energy (USA), LLC., reorganization plan.

On behalf of the Board of Directors,

Gonzalo Torres Macchiavello, President and Chief Executive Officer

The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.

About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement and the Groundhog coal property located in northwest British Columbia.

Cautionary Note: This news release contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specially noted, are considered speculative. The Company has filed a National Instrument 51-101 Report on the Figure Four property. The Company has filed National Instrument 43-101 Reports the Groundhog coal property in British Columbia. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration and development activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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

  • West Hawk Development Corp.
    Gonzalo Torres Macchiavello
    President and Chief Executive Officer
    1-800-830-0988
    Website: www.westhawkdevelopment.com