GBN: TSX Venture Exchange
SASKATOON, Sept. 4 /CNW/ - Golden Band Resources Inc. (GBN:TSXV)
announced today the appointment of Frank Hrdy as Vice President Exploration.
Mr. Hrdy originally joined Golden Band in January 2007 as Mineral Resources
Manager. In his new role, that became effective on September 1, 2007, Mr.
Hrdy's expanded responsibilities include technical and scientific oversight
for the Company's exploration and exploration-development projects.
Golden Band also announced today the engagement of Motivia Communications
Inc. as the firm's strategic investor relations and communications agency.
Golden Band Resources will pay Motivia a monthly fee of $5,500 for
professional services and has granted 40,000 stock options to Motivia. The
contract is for a one-year term. The stock options vest half immediately and
half in six months time, have a term of five years, and have an exercise price
of $0.48. Motivia holds no interest, directly, or indirectly in Golden Band
Resources. One managing director of Motivia holds shares in Golden Band but
has a position less than 1% of the total shares outstanding. This agreement is
subject to acceptance by the TSX Venture Exchange.
Golden Band also announced today the appointment of Gary Leland as
Corporate Secretary, effective September 1, 2007. Mr. Leland remains the
Company's VP Finance and Administration and CFO.
About Golden Band
Golden Band Resources is a well-financed, Saskatchewan-based, publicly
listed company (GBN: TSXV) whose focus is the long-term, systematic
exploration and development of its 100%-owned La Ronge Gold Belt properties.
Since 1994, Golden Band has assembled through staking and strategic
acquisition a land package of more than 750 km(2), including ten known gold
deposits, four former producing mines, and a licensed gold mill. The Company's
near-term goals call for development and production from the Bingo, Komis, and
EP deposits with processing at the Company's 100%-owned Jolu mill - a project
that received a positive Preliminary Economic Assessment (scoping study) on
April 19, 2007. Longer-term objectives include production from the Company's
other deposits and the continuation of its highly successful strategy of
exploration and acquisition.
About Motivia Communications
With offices in Saskatoon and Regina, Motivia is a fully integrated firm
providing investor relations, communications, web services, stakeholder, and
media relations to clients in Saskatchewan and throughout Canada.
On behalf of the Board of Directors of Golden Band Resources Inc.,
Rodney G. Orr, P.Geo., President & CEO
All of Golden Band's exploration programs and pertinent disclosure of a
scientific nature are prepared and/or designed and carried out under the
supervision of Frank Hrdy, P.Geo., Golden Band's VP Exploration, who serves as
the qualified person (QP) under the definitions of National Instrument 43-101.
All of Golden Band's development-related programs and pertinent disclosure of
a development nature are prepared and/or designed and carried out under the
supervision of Gary Haywood, P.Eng., Golden Band's VP of Operations, who
serves as the qualified person (QP) under the definitions of National
Cautionary Statements on Forward-Looking Information: The statements made
in this News Release may contain certain forward-looking information. Actual
results may differ materially from those currently anticipated in such
statements. Certain risk factors may also affect the actual results achieved
by the Company.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Please note the new Toll Free phone number for
Golden Band is 1-866-501-5651; Golden Band Resources Inc.: Rodney Orr,
President (306) 955-0787 extension 13, firstname.lastname@example.org;
Motivia Communications: Roger Francis, (306) 242-0694, toll free: