Select Sands Appoints Daniel A. Gillett as Chairman of the Board
2018年5月2日 - 9:57PM
The board of directors of Select Sands Corp. ("Select Sands" or the
"Company") (TSXV:SNS) (OTCQX:SLSDF) is pleased to announce the
appointment of Mr. Daniel A. Gillett as Chairman of the Board.
Mr. Gillett brings over 30 years’ experience
serving as a director, investment banker, consultant and senior
executive, including serving as chief executive officer and chief
financial officer. Throughout his career he has completed
over $15 billion in financing, restructuring and merger and
acquisition transactions, with the majority of those efforts being
across all sectors of the oil and gas industry. Appointed to the
board of directors of Select Sands in March, his business
experience, leadership skills and commitment to work with both
Select Sands’ board of directors and its senior management team,
make Mr. Gillett the right choice to act as Chairman of the
Board. Mr. Gillett received his MBA from Harvard Business
School in finance and a BBA in accounting from Harding
University.
Zig Vitols, President and CEO of Select Sands
states, “Mr. Gillett’s leadership skills and business acumen have
already made a significant impression within the board of directors
and senior management. He has the commitment and skill to lead the
board and interact with senior management to guide the future of
the Company and increase shareholder value. We are
delighted to have him appointed as Chairman of the Board and look
forward to working more closely with him. We are confident Mr.
Gillett’s experience in the oil and gas industry and his past
successes in financing and recapitalization transactions will be
beneficial to Select Sands' execution of its business strategy as
it moves forward.”
As announced on April 10, 2018, the Company
plans to immediately build a new stand-alone 400,000-ton-per-year
production facility (comprising both wet and dry processing
capability) to be located on the Independence property, and it is
anticipated to be completed in the second half of 2018. The
expansion project’s estimated cost of $4-million to $4.5-million
USD is anticipated to be financed through bank financing.
About Select Sands Corp.
Select Sands Corporation is an industrial Silica
Product company developing its 100% owned, 520-acre Northern White,
Tier-1, silica sands project located in Arkansas, U.S.A. Select
Sands’ goal is to become a key supplier of premium industrial
silica sand and frac sand to the North American markets. Select
Sands’ Arkansas property has a significant logistical advantage of
being significantly closer to oil and gas markets located in
Oklahoma, Texas and Louisiana than sources of similar sands from
the Wisconsin area.
For more information about Select Sands Corp., please visit
www.selectsandscorp.com or contact:
Zigurds Vitols
President & CEO
Phone: (604) 639-4533
Investor Relations
Arlen Hansen
SNS@kincommunications.com
Phone: (604) 684-6730
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.
FORWARD-LOOKING INFORMATION
This news release includes forward-looking information and
statements, which may include, but are not limited to, information
and statements regarding or inferring the future business,
operations, financial performance, prospects, and other plans,
intentions, expectations, estimates, and beliefs of the
Company. Information and statements which are not purely
historical fact are forward-looking statements.
Forward-looking information and statements involve and are subject
to assumptions and known and unknown risks, uncertainties, and
other factors which may cause actual events, results, performance,
or achievements of the Company to be materially different from
future events, results, performance, and achievements expressed or
implied by forward-looking information and statements herein.
Forward-looking statements contained in this press release include
statements relating to the construction of the 400,000-ton-per-year
production facility and the timing and financing thereof. Although
the Company believes that any forward-looking information and
statements herein are reasonable, in light of the use of
assumptions and the significant risks and uncertainties inherent in
such information and statements, there can be no assurance that any
such forward-looking information and statements will prove to be
accurate, and accordingly readers are advised to rely on their own
evaluation of such risks and uncertainties and should not place
undue reliance upon such forward-looking information and
statements. Any forward-looking information and statements
herein are made as of the date hereof, and except as required by
applicable laws, the Company assumes no obligation and disclaims
any intention to update or revise any forward-looking information
and statements herein or to update the reasons that actual events
or results could or do differ from those projected in any
forward-looking information and statements herein, whether as a
result of new information, future events or results, or otherwise,
except as required by applicable laws.
Select Sands (TSXV:SNS)
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