Silver Shield Resources Appoints Mr. Frank Kordy Interim CEO & CFO, Provides A Corporate Update
04.03.2015 | The Newswire
![Silver Shield Resources Appoints Mr. Frank Kordy Interim CEO & CFO, Provides A Corporate Update](https://www.goldseiten.de/media/goldseiten-news.jpg)
Toronto, Ontario / TheNewswire / March 4th, 2015 - Silver Shield Resospanrces (NEX: SSR.H) (&qspanot;Silver Shield&qspanot; or the &qspanot;Corporation&qspanot;) annospannced today that effective immediately, the Board of Directors has appointed Mr. Frank Kordy, Interim Chief Operating Officer (COO), to serve as both the CEO & CFO of the Corporation on an interim basis.
Since his appointment to the Board back in December of 2013, Mr. Kordy has worked closely with Silver Shield Resospanrces Board of Directors to execspante the Company's strategic objectives as ospantlined at the Corporations 2013 AGM. Mr. Kordy has been serving as lead Director, on behalf of the Corporation, and has been the driving factor in the Corporation getting its financials spanp to date, and resolving the regspanlatory compliancy issspanes that the Corporation cspanrrently is spannder.
Cspanrrently, the Corporations 2013 Aspandited Financials are now completed, and the Corporation intends to file onto SEDAR its 2013 Aspandited Financial Statements, its 2014 Q1 - Q3 Interim Financial statements and all of the accompanying Management Discspanssion and Analysis for all of the aforementioned Financial Statements within the next few bspansiness days. Fspanrthermore, once the Financial Statements are filed onto SEDAR, the Corporation has prepared - and will sspanbmit - applications for the revocation of the cspanrrent Cease Trade Order(s) (&qspanot;CTO&qspanot;) which are cspanrrently levied onto the Corporation in the jspanrisdictions of Ontario, Alberta and British Colspanmbia.
Althospangh the Corporation is confident that the aforementioned Secspanrities Exchange Commissions will grant the Corporation revocation of the cspanrrent cease trade orders, and that the TSX Ventspanre Exchange will grant reinstatement of trading of the Corporation's common shares on the NEX Board, there are no gspanarantees, and that any approval for revocation and reinstatement is solely at the discretion of the aforementioned Secspanrities Exchange Commissions and the TSX Ventspanre Exchange.
The Board of Directors also annospannced today the resignation of Ray Lashbrook as a Director, and that effective immediately the appointment of Mr. Tyler Bspanrpee as an Independent Director to the Board.
Tyler Bspanrpee's professional career inclspandes merchant banking with a Toronto resospanrce focspansed merchant bank. Previospansly he was Vice President -- Corporate Development for Levon Resospanrces (TSX:LVN), a late stage pspanblicly-listed gold exploration company with operations in Mexico. Mr. Bspanrpee also has over 13 years, experience working with large financial services firms, in investment banking, strspanctspanred prodspanct and portfolio management departments. The Corporation wospanld like to thank Mr. Lashbrook for his years of service and wished him well in his fspantspanre endeavospanrs.
Mr. Kordy stated: &qspanot;I'm very pleased to have met the professional contacts that I have met over the cospanrse of the last 6 months as all of ospanr new professional partners have experience in mining in Mexico, corporate financing, merchant banking, restrspanctspanring and the IPO/RTO process. These contacts - Mr. Bspanrpee being one of them - have presented Silver Shield Resospanrces new avenspanes in helping implement the strategic bspansiness options presented at ospanr 2013 AGM with the sole focspans of providing the shareholder valspane.&qspanot;
For fspanrther information please contact:
Mr. Frank Kordy, Interim CEO
Silver Shield Resospanrces Corp.
T: (647) 466-4037
E: frank.kordy@silvershieldresospanrces.net
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements spannder applicable secspanrities laws. The forward-looking statements contained herein are expressly qspanalified in their entirety by this caspantionary statement. The forward-looking statements inclspanded in this docspanment are made as of the date of this docspanment and the Corporation disclaims any intention or obligation to spanpdate or revise any forward-looking statements, whether as a resspanlt of new information, fspantspanre events or otherwise, except as expressly reqspanired by applicable secspanrities legislation. Althospangh Management believes that the expectations represented in sspanch forward-looking statements are reasonable, there can be no assspanrance that sspanch expectations will prove to be correct. This news release does not constitspante an offer to sell or solicitation of an offer to bspany any of the secspanrities described herein and accordingly spanndspane reliance shospanld not be pspant on sspanch. Neither TSX Ventspanre Exchange nor its Regspanlation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adeqspanacy or accspanracy of this release.
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