GBN: TSX Venture Exchange | OTCQX: GBRIF
SASKATOON, June 5, 2013 /CNW/ - Golden Band Resources Inc. ("Golden Band" or "Company") (TSXV: GBN; OTCQX: GBRIF) announces the appointment of Mr. Russell Roberts as a director of the
Mr. Roberts is the Chief Executive Officer of Kitsaki Management Limited
Partnership, a successful economic development venture owned by the Lac
La Ronge Indian Band, of which Mr. Roberts is a member. Prior to this
role, Mr. Roberts was Kitsaki's Manager of Business Development. An
affiliate of Kitsaki Management Limited Partnership is a partner in the
Kitsaki Procon Joint Venture which conducts mining contracting services
for Golden Band's La Ronge Gold project.
Mr. Roberts hold a Bachelor's degree in Commerce from the University of
Saskatchewan and has various management and business development
experience with organizations such as the Prince Albert Grand Council,
Indian and Northern Affairs Canada, Saskatchewan Northern Affairs
Canada and Prince Albert Credit Union.
The Company also reports that further to its news release of March 27,
2013 announcing operational changes, it has terminated the Investor
Relations positions of Messrs. Raju Wani and Tony Perri and will
maintain the investor communication functions in house in an effort to
Also, the Company announces that further to the news release of May 2,
2013, it has reached a settlement with Acer Capital Group ("Acer") in
the amount of US$185,000. The settlement is an effective full and
final general release of Acer's claims and Acer has filed a dismissal
of the lawsuit.
About Golden Band
Golden Band Resources is a gold producer operating in the La Ronge gold
belt in northern Saskatchewan and is listed on the TSX Venture Exchange
in Canada under the symbol GBN and traded in the United States on the
OTCQX under the symbol GBRIF. The Company has two producing mines, Roy
Lloyd and Komis. Commercial production was declared on April 1, 2011.
On February 26, 2013, the Company announced a temporary halt of mining
at the Komis deposit to free up equipment and personnel for the
construction of road access to the Golden Heart deposit. Operations at
the Company's Roy Lloyd mine and Jolu Mill continue. The Company has
been actively exploring the La Ronge Gold Belt since 1994 and has
assembled a land package of 870 km2, including 13 known gold deposits
and four former producing mines, being Jolu, Decade, Star Lake and
Komis. The Company plans to undertake aggressive drill programs
throughout the La Ronge Gold Project with the goal of significantly
expanding the existing NI 43-101 gold resources that have been
identified to date.
On behalf of the Board of Directors of Golden Band Resources Inc.
Paul Saxton, Chairman and CEO
Caution Regarding Forward-Looking Information and Statements
This news release includes certain forward-looking statements or
information. All statements other than statements of historical fact
included in this release, including, without limitation, statements
relating to operational changes, the potential mineralization and
geological merits of the mine properties, estimates of production,
costs of production, the sufficiency and availability of capital and
financing and other future plans, objectives or expectations of Golden
Band Resources Inc. (Company) 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 plans or expectations include risks
relating to the actual results of current exploration activities,
fluctuating gold prices, possibility of equipment breakdowns and
delays, cost overruns, availability of capital and financing, general
economic, market or business conditions, regulatory changes, timeliness
of government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company with
securities regulators available on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated, or intended. Accordingly,
readers should not place undue reliance on forward-looking information.
The Company makes all reasonable efforts to update its corporate
information on a timely basis.
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.
SOURCE: Golden Band Resources Inc.
For further information:
Jim Gee, Business Services Manager
Office: 306 955 0787