TSX VENTURE EXCHANGE: PAK
TORONTO, May 6 /CNW/ - Pacific Coal Resources Ltd. (TSXV: PAK) announced
today that Juan Manuel Pelaez, a director of the Company, has resigned
effective immediately, to pursue other business interests.
Luis Carvajales, Chief Executive Officer, said, "We would like to thank
Juan Manuel for his service and support to the Company. We wish him
well in his future endeavours."
About Pacific Coal Resources Ltd.
Pacific Coal Resources Ltd. is a Canadian-based exploration, development
and mining company focused on coal, coking coal, asphalt and asphaltite
exploration, development and mining company focused on prospective
producing, development-stage and exploration-stage properties in
Colombia. The Company has acquired or entered into agreements to
acquire various interests in several operating coal mines and projects,
representing a substantive coal and asphaltite exploration and
production area throughout Colombia.
Forward Looking Information
This news release contains "forward-looking information", which may
include, but is not limited to, statements with respect to the future
financial or operating performance of Pacific Coal and its projects.
Often, but not always, forward-looking statements can be identified by
the use of words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such words
and phrases, or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Pacific Coal to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Forward-looking statements
contained herein are made as of the date of this press release and
Pacific Coal disclaims, other than as required by law, any obligation
to update any forward-looking statements whether as a result of new
information, results, future events, circumstances, or if management's
estimates or opinions should change, or otherwise. There can be no
assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader is cautioned
not to place undue reliance on forward-looking statements.
Neither 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 news
SOURCE Pacific Coal Resources Ltd.
For further information:
Investor Relations Representative