TORONTO, Feb. 26 /CNW/ - George H. Brueler Jr., Chairman of Lakota
Resources Inc. (LAK: TSX-V) (the "Company") is pleased to announce on behalf
of the Company the election of Ian Kennedy as a director.
Ian Kennedy, B.Sc.Honours (Geology & Geophysics), P.Eng (Mining) was
educated at McGill University, Montreal and then, from 1965 to 1979, was
active in the Canadian and Australian mining industries in both line and
senior management positions.
From 1965 to 1968, he worked for the TSE listed Cassiar Asbestos Corp.
Ltd. first at the Cassiar, B.C. mine and then at the Clinton mine site, in the
Yukon as Assistant Mine Superintendent. He then served as a Director of
Cassiar 1971 to 1976.
He joined Conwest Exploration Company Ltd. as a geologist in 1968. In
1970, he became a Vice President and Director of Conwest and the various
companies of the Conwest Group. This group included many public and private
companies associated with Conwest including Central Patricia Gold Mines
Limited and International Mogul Mines Limited. These years were focused on
mineral exploration in Australia and Canada.
For the next 30 years, he has been engaged in venture capital and
investment banking activities with a focus on the purchase and sale of
companies, mergers, acquisitions and private equity financings. He was
President of Canada Development Corporations' venture capital fund - The VASE
Fund; President; and for nine years Chairman of Helmsdale Financial Corp., an
investment bank. As part of his investment banking activities he has also been
involved in operating companies including being President of Bayridge
Resources Limited a successful oil and gas company that was sold to a royalty
trust; and as COO of Teklogix Inc., a high tech wireless company, where he led
a successful 14 month turn-around increasing the share price from $2.15 to
$24.00. He has been the owner of a number of private companies in the truck
trailer and truck parts business.
Ian Kennedy is a Partner at Capital Canada Limited, an independent
investment banking firm which, for over 30 years has been providing expert
financial advice to corporations and entrepreneurs in Canada.
Mr. Kennedy has held Directorships in more than 30 public and private
corporations. In the arts, he was a Board member of the National Ballet and
co-chair of the first Eric Bruhn ballet competition; Young Peoples Theatre and
chair of the selection committee for the artistic director. In education, he
was a member of the Board of Ridley College for 14 years; and, Chairman of the
Board of Governors of Ryerson Polytechnical Institute for six years. He is
currently the Chairman of the Environmental Committee of the City of Kawartha
George Breuler commented "Ian has been involved since late summer 2007 as
my Advisor, in the reorientation of Lakota. The addition of people of the
calibre of Ian Kennedy to the Board of Lakota is an important step in the
process of bringing new skills and experience to the Board, to assist
management in focusing their exploration activities on projects that drive
The Board of Directors is also pleased to announce the grant of a total
of 850,000 options under the Company's Incentive Stock Option Plan to
directors and an officer.
About the Company
Lakota Resources Inc. is a junior mineral exploration company. For
complete details on the Company, and its partners, management encourages
investors and interested parties to view its public documents filed on SEDAR
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
herein. All statements, other than statements of historical fact, in this news
release are forward-looking statements that involve various risks and
uncertainties, including, without limitation, statements regarding the future
plans and objectives of Lakota Resources Inc. There can be no assurance that
such statements will prove to be accurate. Actual results and future events
could differ materially from those anticipated in such statements. These and
all subsequent written and oral forward-looking statements are based on the
estimates and opinions of management on the dates they are made and are
expressly qualified in their entirety by this notice. Lakota Resources Inc.
assumes no obligation to update forward-looking statements should
circumstances or management's estimates or opinions change.
For further information:
For further information: George Breuler, Chairman, Phone: (772)