TSXv: LK FSE: 6LL
VANCOUVER, Dec. 11, 2013 /CNW/ - Lakeland Resources Inc. (TSXv: LK) (FSE: 6LL) (the "Company" or "Lakeland") is pleased to announce the appointment of Mr. Sam Wong as Chief Financial Officer ("CFO") of the Company.
Mr. Wong is currently CFO of Lowell Copper Ltd. (TSXv: JDL), a company involved in copper exploration, and Chesapeake Gold Corp. (TSXv: CKG), a precious metals exploration and development company. Prior to that, Mr. Wong was the Corporate Controller at Luna Gold Corp. (TSX: LGC) where he oversaw the finance division during Luna's transition from development through to commercial production. Mr. Wong is a Chartered Accountant and articled at Deloitte & Touche LLP in Vancouver, BC where he specialized in assurance and advisory for mining companies. He received a Bachelor of Commerce from the University of British Columbia. In addition to financial reporting and accounting, Mr. Wong brings expertise in public company corporate finance as well as successful corporate development. Mr. Wong replaces Mr. Alex Falconer who has resigned as CFO and Director and whose contribution to Lakeland during its start-up phase is appreciated.
Jonathan Armes, Lakeland's President and Chief Executive Officer commented, "We are pleased to welcome Mr. Wong to our executive team. Sam is a motivated and high caliber individual whom will bring strength in financial reporting, strategic planning, corporate governance, equity financings, due diligence for acquisitions and corporate development to our growing team. His attention to detail and in running a tight ship will be another strong asset for Lakeland as we advance as an up-and-coming leader in the Athabasca Basin."
In conjunction with the appointment, Lakeland also announces that it will grant 175,000 incentive stock options to Mr. Wong exercisable at a price to be set within the context of the market for a period of five years from the date of grant.
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. The Company's common shares trade on the TSX Venture Exchange under the symbol "LK" and on the Frankfurt Stock Exchange under the symbol "6LL".
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. Forward looking statements in this news release include that the company will grant 175,000 incentive stock options to Mr. Wong exercisable at a price to be set within the context of the market for a period of five years from the date of grant.
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:
For more 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]