/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
Trading Symbol: TSX-V: ERA.P
Shares Issued: 10,250,000
HALIFAX, July 12, 2012 /CNW/ - Elcora Resources Inc. (TSXV: ERA.P) ("Elcora"), a capital pool company, is pleased to announce that Theo van der Linde has been appointed as Chief Financial Officer, replacing John Cumming.
Mr. van der Linde is a Chartered Accountant with 16 years finance, administration and public accounting experience in diverse industries including mining, financial services, manufacturing and retail. During the last eight years of his career Mr. van der Linde has been focused on the mining industry working with junior exploration and producing mining companies at various stages of growth and in several jurisdictions including South Africa, West-Africa, Peru and the United States. He also worked in the United Kingdom and with WBLI Chartered Accountants and PWC in Halifax, Nova Scotia.
Mr. van der Linde was granted 75,000 stock options to acquire common shares of Elcora at an exercise price of $0.185 expiring on July 11, 2022 pursuant to the terms and conditions of Elcora's Incentive Stock Option Plan.
Elcora would like to thank John Cumming for serving as Chief Financial Officer. Mr. Cumming will continue to serve as a director of Elcora.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Elcora, 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 Elcora's expectations are exploration risks detailed herein and from time to time in the filings made by Elcora with securities regulators.
For further information:
Troy Grant, Director, President, CEO & Corporate Secretary, ELCORA RESOURCES CORP., T: 902 802-8847 F: 902 446-2001