TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, Oct. 2 /CNW/ - Pacific North West Capital Corp. (PFN - TSX.V,
PAWEF - OTCBB, P7J - Frankfurt) (the "Company") announces that effective
immediately, Morris Medd, Steve Oakley, and Alexander Walcott have elected to
step down as Directors of the Board of Pacific North West Capital Corp. They
will be replaced by Mr. Jordan Point and Ms. Linda Holmes.
Mr. Barr stated, "I would like to thank all three Directors for their
support during their tenure on the board for Pacific North West Capital Corp.
On behalf of the Board of Directors of Pacific North West Capital Corp, Harry
Barry would like to welcome Ms. Linda Holmes and Mr. Jordon Point to our
board. The members of the Board of Directors are looking forward to working
closely with Ms. Holmes and Mr. Point to further develop our corporate
Ms. Linda Holmes has been a Canadian/U.S. Regulatory Compliance
Consultant to public companies since 1994. Additionally, Ms. Holmes has served
as a Director of Public Relations and Compliance Manager for over 15 years for
a group of publicly traded mineral exploration companies trading on the TSX
and Nasdaq. Since August 2003 Ms. Holmes has been a Corporate Secretary and
Director with Companies engaged in the development of gold, uranium, and base
metal projects internationally and has an extensive background with corporate
governance in our industry.
Mr. Jordan Point has a comprehensive background in environmental law
enforcement. Mr. Point's career has been highlighted from being recognized as
Valedictorian and top recruit from the class and faculty at the Justice
Institute of British Columbia to his continued career as a Federal Officer and
as a Detachment Supervisor. As an elected First Nation Council Member for six
consecutive terms with Musqueam First Nation, Mr. Point has extensive
experience working in Intergovernmental affairs between Federal and Provincial
Governments and First Nations. Mr. Point has a strong background in Land-Based
Negotiations, and Public Dispute Resolution, as well as a keen interest in the
environment and stewardship of our natural resources.
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a
mineral exploration company focused on Platinum Group Metals (PGMs) and Base
Metals. Management's corporate philosophy is to be Project Generator, Explorer
and Project Operator with the objective of option/joint venturing projects
with major mining companies through to production. To that end, Pacific North
West Capital's current option/joint ventures agreements are with Anglo
Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem. The company
has $10 Million in working capital and securities with no debt.
On behalf of the Board of Directors
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended. All statements, other than statements of
historical fact, included herein are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the
Company's expectations are disclosed in the Company's documents filed from
time to time with The Toronto Stock Exchange, British Columbia Securities
Commission and the United States Securities & Exchange Commission.
For further information:
For further information: Tel: (604) 685-1870, Fax: (604) 685-8045,
Email: email@example.com, or visit www.pfncapital.com, 2303 West 41st Avenue,
Vancouver, B.C., Canada, V6M 2A3