VANCOUVER, Oct. 11, 2013 /CNW/ - Tanzania Minerals Corp. (the
"Company"), (TSXV: TZM) (FRANKFURT: TM0.F) is pleased to announce that
Vice-President of Business Development Mr Ryan Walchuck has been added
to the Board of Directors and Audit Committee. Mr Kal Matharu,
President and CEO, will be stepping down from the Audit Committee.
Mr Walchuck is a Chartered Accountant (CA) and Chartered Business
Valuator (CBV). Prior to joining Tanzania Minerals in May 2012 (Company
news release May 1st, 2012), Mr Walchuck was part of BHP Billiton's Strategy and Development
team in their Diamonds & Specialty Products division. At BHP Billiton
he assisted with the development of a potash mineral rights acquisition
strategy, was part of the PotashCorp acquisition team, was the Acting
Head of Finance for the EKATI diamond mine for approximately 5 months
and assisted with the division's corporate strategy and planning for
presentation to the executive leadership. Before joining BHP Billiton,
Mr Walchuck was a Manager in Deloitte's Valuation practice where he
specialized in advising mid-tier to junior mining companies with
accounting, corporate finance, merger and valuation solutions. Prior to
joining Deloitte, Mr Walchuck was with PricewaterhouseCoopers where he
obtained his CA designation.
President Kal Matharu comments, "Ryan's extensive knowledge of finance
and the mining business will definitely complement Tanzania's Board of
Directors. We are very excited to be adding Ryan to the Board and we
look forward to continuing to work with him to advance the Company and
build shareholder value."
Additionally, and effective October 1st, 2013, current investor relations provider Trident Financial (Company
news release March 1, 2013) has had its contract extended for six
months at a rate of $3500 per month.
Additional information on Tanzania Minerals Corp., including technical
reports and other public documents are available on SEDAR at www.sedar.com or on the Company's website at www.tanzaniaco.com.
Tanzania Minerals Corp. is an emerging junior exploration company
trading on the TSX Venture Exchange. The company has an extensive
portfolio of projects in Tanzania.
On behalf of the Board of Directors of Tanzania Minerals Corp.
Kal Matharu, President & CEO
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 release.
Statements included in this announcement, including statements
concerning our plans, intentions and expectations, which are not
historical in nature are intended to be, and are hereby identified as,
"forward looking statements". Forward looking statements may be
identified by words including "anticipates", "believes", "intends",
"estimates", "expects" and similar expressions. The Company cautions
readers that forward looking statements, including without limitation
those relating to the Company's future operations and business
prospects are subject to certain risks and uncertainties that could
cause actual results to differ materially from those indicated in the
forward looking statements.
SOURCE: Tanzania Minerals Corp
For further information:
Tanzania Minerals Corp.
President and CEO
Tel: (204) 942-3191
Fax: (204) 944-0513