SYMBOL - DTL.P
VANCOUVER, June 21 /CNW/ - Dauntless Capital Corp. (TSX-V:DTL.P) ("Dauntless" or the "Company") is pleased to announce that it has appointed Janet Lee-Sheriff as President of the Company and reserved the name "Tigris Uranium Corp." to be adopted concurrent with the completion of its proposed Qualifying Transaction announced May 27, 2010.
Mrs. Lee-Sheriff has served as Vice-President, Corporate Affairs for Golden Predator Corp., a TSX-listed company, since October 2009. A self-employed business woman for over 20 years, Mrs. Lee-Sheriff brings a wealth of experience implementing new initiatives, providing strategic advice in the public sector and creating new developments in the private sector. As a consultant to and an employee of the Yukon government, she managed Cabinet Policy and Intergovernmental Affairs for three successive governments. In addition, she has worked extensively with First Nation governments on economic initiatives and benefits agreements. Mrs. Lee-Sheriff holds a BA in economics from Queen's University in Kingston, Ontario. William Sheriff will continue to serve as the Company's Chief Executive Officer.
Dauntless is a capital pool company within the meaning of the policies of the TSX Venture Exchange (the "Exchange") and is in the business of identifying a Qualifying Transaction as defined by the Exchange.
Upon completion of its Qualifying Transaction, Dauntless expects that it will be classified as a mining issuer under the policies of the Exchange and will be engaged in the exploration and development of prospective uranium properties, including the Crownpoint, Hosta Butte and McKinley properties in McKinley County, New Mexico, USA, which the Company is proposing to option in connection with its Qualifying Transaction.
Completion of the Qualifying Transaction (the "Transaction") is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed on the merits of the proposed Transaction and has neither approved nor disapproved the contents of this News Release.
Disclaimer for Forward-Looking Information
Certain statements in this News Release are forward-looking statements, which reflect the expectations of management regarding Dauntless' proposed Qualifying Transaction. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Dauntless will obtain from them.
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 NEWS RELEASE.
SOURCE DAUNTLESS CAPITAL CORP.
For further information: For further information: Dauntless Capital Corp., William Sheriff, CEO, Phone: (604) 648-4653