TORONTO, Nov. 28, 2012 /CNW/ - Dacha Strategic Metals Inc. (TSX-V: DSM) (the "Company") announced today
that at its annual and special meeting, the Company's shareholders
elected the following seven individuals to the Company's board of
directors: Jorge Bernhard, Tye W. Burt, Ian W. Delaney, G. Scott Moore,
Alastair Neill, Peter H. Puccetti and Timothy E. Thorsteinson. At the
initial meeting of the reconstituted board following the completion of
the shareholders' meeting, Mr. Delaney was appointed Chairman of the
Board and Mr. Puccetti was appointed Chief Executive Officer.
Each of the other matters put before shareholders, including those
matters set out in a press release of the Company issued earlier today,
was also approved by shareholders at the meeting.
Dacha Strategic Metals Inc. is an investment company focused on the
acquisition, storage and trading of strategic metals with a primary
focus on Rare Earth Elements. Dacha is in the unique position of
holding a commercial stockpile of Physical Rare Earth Elements. Its
shares are listed on the TSX Venture Exchange under the symbol "DSM"
and on the OTCQX exchange under the symbol "DCHAF".
Except for statements of historical fact relating to the Company,
certain information contained herein constitutes "forward-looking
information" under Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements with respect to
the Company's ability to trade in rare earth elements, the realization
value of the Company's physical inventory portfolio, the proposed
investment strategy of the Company, general investment and market
trends, and the appointment of directors and officers of the Company.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking statements
are based on the opinions and estimates of management as of the date
such statements are made. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or implied
by such forward-looking information. Although management of the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update
any forward-looking information, except in accordance with applicable
Certain information on parties other than the Company contained in this
press release has been obtained or quoted from publicly available
sources, independent publications, media articles or third party
websites (collectively, the "Publications"). In certain cases, these
sources make no representations as to the reliability of the
information they publish. Further, the analyses and opinions reflected
in these Publications are subject to a series of assumptions about
future events. There are a number of factors that can cause the results
to differ materially from those described in these publications. None
of the Company or its representatives independently verified the
accuracy or completeness of the information contained in the
Publications or assume any responsibility for the completeness or
accuracy of the information derived from these Publications.
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.
SOURCE: Dacha Strategic Metals Inc.
For further information:
Peter H. Puccetti
Chief Executive Officer
Dacha Strategic Metals Inc.