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VANCOUVER, March 30, 2017 /CNW/ - Winston Resources Inc. ("Winston" or the "Company") (CSE: WRW; FSE:WNT) is pleased to announce the Company has appointed Michael Young to the board of Winston. Mr. Young replaces Mr. Sean Bromley as Director who has resigned as both Director and CEO of the Company. Quinn Field-Dyte who is already on the board of Winston will replace Mr. Bromley as the Company's CEO. The Company thanks Mr. Bromley and wishes him well in his future endeavours.
Mr Young is a seasoned professional that provides executive management services in varying capacities, along with currently sitting on several public company boards. He brings over 20 years of extensive business experience in all facets of senior management, financing, operations, corporate development, sales and marketing in both the private and public sectors.
Throughout his career, he has raised over $50 million of combined working capital through a network of investors both domestically and internationally to spearhead growth strategies for various companies. In addition, to providing financial reporting, company filings, quarterly and annual budgets, overseeing corporate governance, while achieving company objectives and maintaining internal cost controls.
Mr. Young is a Graduate of the Certified Financial Planning (CFP) Program in 2004 and is currently Chief Financial Officer and a director of Green 2 Blue Energy Corp. a renewable energy company focused on low-cost wood pellet production through the integration of biomass gasification technology.
From 2008 to 2010 Mr. Young was Chief Executive Officer and a director of MicroCoal Technologies Inc., formerly Carbon Friendly Solutions Inc. (CFS) a TSX.V listed company that developed projects to generate and sell verified emission offsets that reduce or offset CO2 emissions. During his time with CFS, the company raised over $6 million CAD for reforestation projects and other emission offset activities in Canada and Europe.
Prior to that time, he was a director responsible for corporate development of Stream Communications Network & Media Inc., an Eastern European cable & internet company. During his time the company grew from start up to 60,000 customers generating over $7 million USD in annual revenues and raised over $12 million USD by way of debt and equity to accomplish growth objectives.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
Cautionary Statement Regarding "Forward-Looking" Information
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.
SOURCE Winston Resources Inc.
For further information: Quinn Field-Dyte, 604-283-1722