VANCOUVER, Aug. 20, 2014 /CNW/ - Lakeland Resources Inc. (TSXV: LK) (FSE: 6LL) (OTCQX: LRESF) (the "Company" or "Lakeland") is pleased to welcome Mr. Steven Khan as a new member of the Company's Board of Directors.
Mr. Steven Khan currently sits on the board of a number of private and public companies, as well as holding executive management positions. Until recently, he served as a Director of Energy Fuels Inc (TSX:EFR, NYSE:UUUU), a current uranium producer. Previously he was President, Chairman and Director of Strathmore Minerals Corp. (TSX:STM) until August 2013, when Strathmore was acquired by Energy Fuels. Prior, as Strathmore's Executive Vice-President, he was an instrumental part of the team that negotiated Strathmore's Roca Honda Joint Venture with Sumitomo Corp of Japan in 2007. Mr. Khan was also part of the founding group of Fission Energy Corp. (TSXV: FIS), as Executive Vice President. He was part of the team that brought Korea Electric Power Corp (KEPCO) to Fission, whose joint venture led to the discovery of the Waterbury Lake uranium orebody, and subsequently brought KEPCO to another joint venture with Strathmore Minerals.
Prior to 2003, Mr. Khan spent close to twenty years in senior management positions in all aspects of the Canadian investment industry, including retail, institutional sales, corporate finance, capital markets, and investment banking. In 2003, he started his own consulting firm that focuses on corporate development and capital fund raising for early stage private and public companies. In recent years, Mr. Khan has successfully completed numerous joint ventures, including corporate and government partnered ventures in Canada, United States, Japan, China, and Korea. A graduate of the University of British Columbia with a BSc. (1978) and MBA (1983), Mr. Khan also holds a Chartered Financial Analyst designation (CFA), and is a member of the CFA Institute.
"Lakeland is pleased to welcome Mr. Khan to our team," stated Jonathan Armes, President and CEO. "Mr. Khan's vast experience will add significant depth to the board. We look forward to his contributions and leadership as we continue to establish ourselves as a significant presence in the Athabasca Basin."
Mr. Khan replaces Mr. Ryan Fletcher who has resigned as Director to make room for the appointment. The Board wishes to thank Mr. Fletcher for his service to the Company.
About Lakeland Resources Inc.
Lakeland Resources Inc. is a pure play uranium exploration company focused on the Athabasca Basin in Saskatchewan, Canada; home to some of the world's largest and richest high-grade uranium deposits.
On Behalf of the Board of Directors
LAKELAND RESOURCES INC.
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.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.
SOURCE: Lakeland Resources Inc.
For further information: Please visit the corporate website at http://www.lakelandresources.com or contact Roger Leschuk, Corporate Communications at Ph: 604.681.1568 or TF: 1.877.377.6222 or email: [email protected]