NEW WESTMINSTER, BC, May 16, 2012 /CNW/ - Pebble Creek Mining Ltd. ("Pebble Creek" or "the Company") announces that Messieurs Andrew Nevin and Gyan Singhai have resigned as directors and/or officers of Pebble Creek and its various subsidiaries, including Adi Gold Mining Pvt. Ltd.
Messieurs Randy Miller and Herb Brugh, directors of the Company, have been appointed directors of Adi Gold Mining Pvt. Ltd. and the other subsidiaries of the Company.
The Company continues to evaluate its current position and all opportunities with a view of enhancing shareholder value.
This news release contains forward-looking statements that address future events and conditions and are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the application of laws and regulations where the Company's operations are situated, the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in commodity prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements
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.
For further information:
Herb Brugh, Telephone: 416.842.9000