TCR Saint Jean Carbon, Inc.

Torch River Resources Ltd. (TSX VENTURE:TCR)(FRANKFURT:WNF)(PINKSHEETS:TORVF)
("Torch" or the "Company") with reference to the press release dated May 21,
2013 is pleased to announce that agreement to acquire the past producing Walker
lump graphite mine is now binding, but remains subject to the approval of the
TSX Venture Exchange.


Torch wishes to announce that it has rescheduled its annual general and special
meeting of shareholders which will now be held on July 31, 2013 in Calgary,
Alberta.


Torch is also is pleased to announce that the Company has launched their newly
re-designed website www.torchriver.ca and the appointment of three new
executives.


Torch's new website has been designed to provide the ultimate user-friendly
experience with improved navigation and functionality throughout. The site
renders current and detailed content about the company and their value
proposition to the market for current and potential customers, investors and
industry partners. Effective communication is important to Torch and this newly
designed site is a significant step to communicate the brand and capabilities of
Torch.


Paul Ogilvie, CEO and Chairman commented, "The new website is just the first
step to better position the company, we will be building on the content over the
next few months with the hopes that the end result will be a very comprehensive
and informative graphite website."


Torch also announces today three new senior management executives to the team.
Paul Ogilvie, CEO and Chairman, commented, "The new executives are well seasoned
in the graphite business, and bring years of experience, and will help the
company realize its goals, and build a customer centric company."


Newly appointed Chief Operating Officer

Paul Cooper, Chief Operating Officer

Mr. Cooper brings 30 years of experience in operational and financial management
in both the private and public sectors. Mr. Cooper has senior leadership
experience in industrial minerals and precious metals mining including the role
of COO of Industrial Minerals Inc. a publicly traded OTC-BB company that is
today Northern Graphite. Following this from 2009 to 2012 Mr. Cooper was the
Chief Operating Officer and Director of Trueclaim Exploration, a publicly traded
company with gold and silver properties in Northern Ontario and Arizona.


Newly appointed Sales, Marketing and Product Development

Mark Burack, Vice President, Business Development

Mr. Burack has had 20+ years of business experience managing client and business
development for a number of technology companies including IBM Corporation, EMC
Corp., SHL SystemHouse, GE Capital, and Puredata Corp., both in the US and
Canada. Mr. Burack's more personal style, track record in developing mutually
beneficial business partnerships and years of experience delivering superior
business cases/cost justification make him an excellent asset within Torch
River.


Peter Smith, Vice President, Sales and Marketing

Mr. Smith comes to Torch with over 25 years of success in a variety of global
sales roles including Director of Sales and Marketing at Canada Carbon and
Leader of Business Development at Mega Graphite Inc. Mr. Smith used his
experience with all levels of industries to establish a high level sales
database of graphite consumers.


ABOUT TORCH RIVER RESOURCES

Torch River Resources is a publicly traded junior mining exploration company
with a number of mining claims. The Mount Copeland molybdenum deposit lies
within metamorphic rocks flanking the southern margin of Frenchman Cap Dome, 32
kilometers northwest of Revelstoke, British Columbia. The Fort-Eden copper
property is comprised of 18 mineral tenures that total 2,828.6 hectares in area.
The mineral claims are located 100 km west of Fort St James, BC. The Red Bird
deposit is comprised of three zones of molybdenum concentration referred to as
the Main, Southeast and Southwest zones within a property totaling 1,836 ha
(4,400 acres) and is located 133 km southwest of Burns Lake and 105 km north of
Bella Coola. The Company plans to divest each of these properties through a sale
or joint venture, thus allowing it to focus on building a graphite mining
company.


FORWARD-LOOKING STATEMENTS: This news release contains forward-looking
statements, within the meaning of applicable securities legislation, concerning
Torch's business and affairs. In certain cases, forward-looking statements can
be identified by the use of words such as "plans", "expects" or "does not
expect", "intends", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Such forward-looking statements include those with
respect to the Company's intention to complete the Walker acquisition (the
"Transaction") and the Company's intention to divest its existing mineral
properties (the "Divestures").


These forward-looking statements are based on current expectations, and are
naturally subject to uncertainty and changes in circumstances that may cause
actual results to differ materially. The forward-looking statements in this news
release assume, inter alia, that the conditions for completion of the
Transaction and the Divestitures including regulatory approval, will be met,
that the Company will be able to arrange sufficient funding for the Transaction
and that there are no other material obstacles to pursuing the new strategy.


Although Torch believes that the expectations represented in such
forward-looking statements are reasonable, there can be no assurance that these
expectations will prove to be correct. There are risks which could affect
Torch's future results and could cause the results to differ materially from
those expressed in these forward-looking statements including negotiation
failure or delay, the impact of general economic conditions in Canada and the
risk that they will deteriorate, industry conditions, including fluctuations in
the price of supplies and the risk that they will increase, that required
consents and approvals from regulatory authorities will not be obtained, that
activity in the lump or vein graphite business will not be at the level or of
the nature anticipated, liabilities and risks inherent in Torch's operations,
technical problems, equipment failure and construction delay.


Statements of past performance should not be construed as an indication of
future performance. Forward-looking statements involve significant risks and
uncertainties, should not be read as guarantees of future performance or
results, and will not necessarily be accurate indications of whether or not such
results will be achieved. A number of factors, including those discussed above,
could cause actual results to differ materially from the results discussed in
the forward-looking statements. Any such forward-looking statements are
expressly qualified in their entirety by this cautionary statement.


Readers are cautioned not to place undue reliance on such forward-looking
statements. Forward-looking information is provided as of the date of this press
release, and Torch assumes no obligation to update or revise them to reflect new
events or circumstances, except as may be required under applicable securities
laws.


All of the forward-looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings with SEDAR in
Canada (available at www.sedar.com).


FOR FURTHER INFORMATION PLEASE CONTACT: 
Torch River Resources Ltd.
Laurie McCarney
Director, Corporate Communications
(905) 844-1200 ext. 305
info@torchriver.ca
www.torchriver.ca

Saint Jean Carbon, Inc. (TSXV:TCR)
過去 株価チャート
から 5 2024 まで 6 2024

Saint Jean Carbon, Inc. (TSXV:TCR)
過去 株価チャート
から 6 2023 まで 6 2024