CALGARY, April 20 /CNW/ - Oromonte Resources Inc. (ORR:TSX-V; OF6:FRA) is
pleased to announce the appointment of Mr. James (Jim) Brander, C.A., as Chief
Financial Officer (CFO) of the Company.
"We welcome Jim to our Company and are confident that his financial
experience and expertise will serve the Company and its shareholders well",
states Oromonte President, Burkhard Franz.
Mr. Brander graduated from the University of Saskatchewan with an
accounting major from the Faculty of Commerce in 1980 and was designated as a
Chartered Accountant in the Province of British Columbia in 1990. He has been
a member of the Institute of Chartered Accountants of Alberta since 2004. From
1994 to 1999 he acted as an investment advisor with a national brokerage firm.
From 1999 to the present he has been an independent consultant providing
financial management and consulting services to a wide range of businesses and
individuals. As well, he has been the principal of a Chartered Accountant
public practice firm since November 2004.
In addition to a monthly retainer for CFO services, Mr. Brander has been
granted 45,000 options to purchase common shares of the Company priced at
$0.36 per share, vesting as to one-third immediately and one-third on each of
the first and second anniversaries, with an expiry date of five years from the
date of grant.
Oromonte Resources Inc. is a mineral exploration company engaged in the
acquisition, development and exploration of mining properties in Ecuador. The
Company has acquired mining concessions through lease and outright purchase
consisting of four consolidated properties namely: Chimbuza Property, Nambija
Property, Pangui Property, and Virgen del Cisne Property. The Company is
currently exploring three of its properties: Chimbuza, Nambija, and Pangui.
These three projects are in early stage development with exploration programs
currently being implemented to identify drilling targets.
The Company trades on the TSX Venture Exchange under the symbol ORR and
on the Frankfurt Stock Exchange under the symbol OF6.
The Company's website is currently under revision and re-construction.
When reactivated, you can visit the Company's website at:
www.oromonteresourcesinc.com for further information.
The TSX Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy or accuracy of, this release.
No stock exchange, securities commission or other regulatory authority
has approved nor disapproved the information contained herein. The News
Release includes certain "forward looking statements". All statements other
than statements of historical fact, included in this release, including,
without limitation, statements regarding potential mineralization and
reserves, exploration results, and future plans and objectives of Oromonte,
are forward looking statements that involve 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 Oromonte's expectations are exploration risks detailed from
time to time in the filings made by Oromonte with securities regulations.
For further information:
For further information: Bruce Cottingham, CEO, Oromonte Resources Inc.,
Suite 525, 101-6th Ave. S.W., Calgary, Alberta, Canada, T2P 3P4, Tel: (403)
262-1816, Fax: (403) 262-1826