VANCOUVER, Nov. 29, 2011 /CNW/ - Lakeland Resources Inc. (TSXv: LK) (FSE: 6LL) (the "Company" or "Lakeland") is pleased to
announce that the Company has engaged Mr. Donny Brooks of Toronto,
Ontario as Manager of Corporate Development and Investor Relations.
Mr. Brooks brings over 20 years of business and financial markets
experience to Lakeland, including, most recently, several years as an
Investment Advisor with a large Canadian investment brokerage firm. Mr.
Brooks will be engaged by the Company as a consultant and will provide
services including but not limited to managing and executing the
Company's marketing initiatives and representing the Company as the
main point of contact for shareholders from the Company's head office
in Toronto, Ontario. Mr. Brooks will work to expand the interest and
awareness of existing and potential investors and the brokerage
community in the Company and its activities. Mr. Brooks will be
employed on an ongoing basis, until the agreement is otherwise
terminated in accordance with its terms.
In addition, the Company has granted, under its Share Option Plan,
incentive stock options to purchase 250,000 common shares of the
Company to Alex Falconer, recently appointed Chief Financial Officer,
Donny Brooks, and a geological consultant. 100,000 of the
aforementioned incentive stock options are being granted to Donny
Brooks. The options will be exercisable for a period of up to five
years from the date of grant at a price of $0.10. The agreement and
stock options are subject to regulatory acceptance.
About Lakeland Resources Inc.
Lakeland Resources Inc. is a publicly-traded mineral exploration company
focused on the discovery of new gold deposits with a 100%-focus on
Canadian assets principally in Ontario. Lakeland aims to create value
through the drill bit and build a successful mineral exploration
company by combining technical knowledge with a motivated management
team and board, strong and clear messaging, and supportive investors.
Lakeland has 19,472,878 shares outstanding. 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.
President, CEO and Director
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 Lakeland has engaged Mr.
Donny Brooks of Toronto, Ontario as Manager of Corporate Development
and Investor Relations and the Company is granting options to certain
officers and consultants. The appointment and stock options are subject
to regulatory acceptance.
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. Readers
should refer to the risk disclosures outlined in the Company's
Management Discussion & Analysis of its audited financial statements
filed with the British Columbia Securities Commission.
For further information:
please visit the corporate website at http://www.lakelandresources.com or contact Mr. Donny Brooks, Manager of Corporate Development and Investor Relations at 647.728.7414 or firstname.lastname@example.org