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 Company.
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 streamline operations.
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.
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