VANCOUVER, Feb. 7 /CNW/ - QRS CAPITAL CORP., (the "Company") (TSX
Venture: QRS) announced today that Diego Benalcazar, the Company's
President, has been appointed to the Corporation's Board of Directors
(the "Board"), effective February 4, 2011. Mr. Benalcazar replaces
Colin Bowkett who resigned from the Board, effective on the same date.
Mr. Benalcazar has been involved in mineral exploration, mining property
evaluation and acquisitions throughout Latin America and the Caribbean.
He has held managerial and consulting positions with several
international mining companies, including Homestake International
Minerals Ltd., Pancontinental Mining Ltd. and the U.S. subsidiary of
Belgium-based Union Miniere. Mr. Benalcazar was also general manager
for several subsidiaries of the Swiss Holderbank Cement Group. He has
additionally served as director of ready-mixed concrete for
HolcimCementos Caribe SA in Venezuela and CemetosBoyaca SA in Colombia,
which included responsibilities in the Caricom trade market. In the
past three years, Mr. Benalcazar served as country manager for several
Ecometals Ltd. subsidiary companies in Ecuador. As a former president
and member of the board of directors of the Ecuadorian Chamber of
Mines, Mr. Benalcazar has actively represented the mining industry in
discussions with government authorities. Mr. Benalcazar holds a BA in
geology from North Carolina State University and has completed the
program for management development at Harvard Business School.
ON BEHALF OF THE BOARD OF DIRECTORS
Chairman & CEO
About QRS Capital Corp.
QRS is a mineral exploration company that holds an 80% beneficial
interest in the Judith Property which consists of six mining lots and
concessions that cover a combined area of approximately 597.5 hectares
located in the City of Aldama, Chihuahua State, Mexico and is entitled
to 70% of any net profits from the Judith Property. QRS also holds an
option to purchase the remaining 20% beneficial and legal interest in
the Judith Property for a payment of US$1.5 million before December 1,
2013. In the event QRS elects to exercise the option, a 20% interest in
the Judith Property will vest in Norma Mines S.A. de C.V., a Mexican
corporation that transferred its interests in the Judith Property to
QRS pursuant to the terms of an Assignment, Assumption and Amending
Agreement dated July 6, 2009, as amended. QRS is actively seeking
additional exploration stage copper and gold targets in South America,
particularly in Colombia, Brazil, Chile and Equador.
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 QRS Capital Corp.
For further information:
John Seaman, Chairman/CEO, QRS Capital Corp., (807) 474-9898