SYMBOL - DTL.P
VANCOUVER, June 29 /CNW/ - Dauntless Capital Corp. (TSX-V: DTL.P) ("Dauntless" or the "Company") is pleased to announce the appointment of Mr. Farhad Abasov to its Board of Directors.
Mr. Abasov brings a wealth of experience in the uranium industry where he was Senior Manager with Atomic Energy of Canada, responsible for business development in Asia, prior to joining Energy Metals Corporation (TSX:EMC, NYSE: EMU) as Vice-President of Corporate Development in 2006. Mr. Abasov also served as Vice-President of Portfolio Management and Vertical Integration of Uranium One Inc. (TSX:UUU) following its $1.8 billion acquisition of Energy Metals Corporation in early 2007. Mr. Abasov currently serves as President & CEO of Allana Potash Corp. and Executive Chairman of Rodinia Minerals Inc. in addition to having been the Co-Founder and Senior Vice-President of Potash One Inc.
Mr. Abasov has a MBA in Business and Finance from the International University of Japan and speaks six languages.
Dauntless is a capital pool company within the meaning of the policies of the TSX Venture Exchange (the "Exchange") and is in the business of identifying a Qualifying Transaction as defined by the Exchange. Refer to the Company's news release of May 27, 2010 for details of the Company's proposed Qualifying Transaction.
Upon completion of its Qualifying Transaction, Dauntless plans to change its name to "Tigris Uranium Corp.". The Company expects that it will be classified as a mining issuer under the policies of the Exchange and will be engaged in the exploration and development of prospective uranium properties, including the Crownpoint, Hosta Butte and McKinley properties in McKinley County, New Mexico, USA, which the Company is proposing to option in connection with its Qualifying Transaction.
Completion of the Qualifying Transaction (the "Transaction") is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed on the merits of the proposed Transaction and has neither approved nor disapproved the contents of this News Release.
Disclaimer for Forward-Looking Information
Certain statements in this News Release are forward-looking statements, which reflect the expectations of management regarding Dauntless' proposed Qualifying Transaction. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Dauntless will obtain from them.
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 or accuracy of this NEWS release.
SOURCE DAUNTLESS CAPITAL CORP.
For further information: For further information: Dauntless Capital Corp., William Sheriff, CEO, Phone: (604) 648-4653