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Trading Symbol: ELR (TSX); EPS (JSE)
VANCOUVER, April 27, 2018 /CNW/ - Eastern Platinum Limited
("Eastplats" or the "Company") is pleased to announce
that Xin (Alex) Guan has agreed to
join the board of directors of Eastplats effective April 26, 2018.
Mr. Guan has worked in metals manufacturing and trading for
almost 30 years and has significant experience globally including
South Africa. Mr. Guan was
educated in China, obtaining his
bachelor in Management and International Trade from Northeast
University and his Masters in Business Administration in 2008 from
Tsinghua University.
In connection with Mr. Guan's appointment and subject to
regulatory approval, Mr. Guan has been granted 100,000 stock
options that vest in 90 days. The options were granted for a term
of five years and expire on April 26,
2023. Each option allows the holder to purchase one common
share of Eastplats at an exercise price of CDN$0.39.
Diana Hu, CEO of Eastern Platinum
commented, "The Company is pleased to welcome Alex to our board and
I look forward to working with him as he joins our team."
Cautionary Statement Regarding Forward-Looking
Information
This press release contains "forward-looking statements" or
"forward-looking information" (collectively referred to herein as
"forward-looking statements") within the meaning of
applicable securities legislation. Such forward-looking
statements include, without limitation, forecasts, estimates,
expectations and objectives for future operations that are subject
to a number of assumptions, risks and uncertainties, many of which
are beyond the control of the Company. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "will", "plan",
"intends", "may", "will", "could", "expects", "anticipates" and
similar expressions. Further disclosure of the risks and
uncertainties facing the Company and other forward-looking
statements are discussed in the Company's Annual Information Form
and Management's Discussion and Analysis which are available under
the Company's profile on www.sedar.com.
In particular, this press release contains forward-looking
statements pertaining to the vesting and expiry of stock options
issued by the Company. These forward-looking statements are based
on assumptions made by and information currently available to the
Company. Although management considers these assumptions to
be reasonable based on information currently available to it, they
may prove to be incorrect. By their very nature,
forward-looking statements involve inherent risks and uncertainties
and readers are cautioned not to place undue reliance on these
statements as a number of factors could cause actual results to
differ materially from the beliefs, plans, objectives,
expectations, estimates and intentions expressed in such
forward-looking statements. These factors include, but are
not limited to, commodity prices, economic conditions, currency
fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.
The forward-looking statements in this press release are made as
of the date they are given and, except as required by applicable
securities laws, the Company disclaims any intention or obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information
contained herein.
SOURCE Eastern Platinum Limited