Not for distribution to United States newswire services or for dissemination in the United States
VANCOUVER, Feb. 6, 2012 /CNW/ - The Board of Directors of Cosigo Resources Ltd. (TSXV: CSG) is pleased to announce the appointment of Mr. Magnus Haglund as an additional Director to the Board of Directors and to the position of Exploration Manager of the Company. Cosigo is also pleased to announce the appointment of Mr. Barry Holmes as Vice President, Corporate Development.
Mr. Haglund holds an MSc degree in Geology and Mineralogy from Abo Akademi University in Turku, Finland. He has more than 15 years of industry experience having explored for a variety of commodities including diamonds, gold and uranium worldwide. He is also General Manager of Northspan Explorations Ltd., a Canadian contract drilling company specializing in highly mobile reverse circulation drills. As Exploration Manager, Magnus will be working closely with the company's Executive Vice President, Dr. Joe Montgomery, to manage Cosigo's exploration efforts in Colombia and Brazil.
Mr. Holmes spent the past twenty years with Vancouver Island Helicopters, Canada's largest privately owned helicopter charter company. The last six years he served as Marketing Manager with responsibilities including contract negotiations and First Nations partnerships. Prior to this, Mr. Holmes completed the Canadian Securities Course and worked in the brokerage industry. He holds a commercial helicopter pilot license and is a graduate of the Helicopter Association International Management Course XI in California. Barry will be responsible for the company's investor relations efforts and his diverse experience from the helicopter, exploration and brokerage industries will be a valuable addition to Cosigo's management team.
About Cosigo Resources:
Cosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company exploring for gold deposits in Colombia and Brazil. Cosigo has assembled a strong team, well experienced in South America and in the exploration and mining-finance industries. The Company's flagship project is its 100% owned Machado Project in the Taraira Gold Belt of southeastern Colombia where geological mapping and geochemical sampling have identified potentially gold-bearing strata over a strike-length of more than 20 km. Cosigo's ongoing work on the 9,973 hectare Machado Project is the first modern exploration program in an area known to have hosted more than 100 historic gold mining operations.
Cautionary Notice: This release may contain forward-looking statements regarding the Company's business or financial condition, including the proposed completion of financings, use of proceeds and exploration programs. Actual results could differ materially from those described in this news release as a result of factors, including, but not limited to the following: the timing and completion of financings, the actual use of proceeds, the timing, results and success of exploration and development programs, financial arrangements, the ability to obtain additional financing, developments in global resource markets, political developments, the timing of regulatory and environmental approvals and other factors. The Company cautions that these and similar statements involve risk and uncertainties, which could cause actual results to differ materially from those in the forward looking statement. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.
On behalf of the Board of Directors
Cosigo Resources Ltd.
President & CEO
Neither the 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 of this release
For further information:
Cosigo Resources Ltd.
Dennis Milburn, President & CEO
Tel: 877-866-8688 (North America)