Desert Eagle Announces Passing of Board Member
May 11 2012 - 5:00PM
Marketwired Canada
Desert Eagle Resources Ltd. ("Desert Eagle" or the "Company") (TSX VENTURE:DER)
is sad to announce the sudden passing of Paul C.M. Roberts, M.A.Sc, M.B.A.,
P.Eng., C.Eng, a member of the Board of Directors of the Company since February
2012. Mr. Roberts was President of Minvest Inc., a consulting organization
providing technical and financial expertise to mining companies, the investment
fraternity and governments. He successfully ran four publicly traded junior
mining companies and served on several boards for various companies. Previously
he headed the mining research team at Merrill Lynch Canada, working in corporate
finance and institutional sales. Mr. Roberts was a geological and civil engineer
who spent the first decade of his career in resource definition and development
for an international mining consulting firm.
Blair Krueger, President & CEO of Desert Eagle, commented: "We are all very
saddened by Paul's sudden passing. He was an excellent director and an
enthusiastic supporter of the Company who was very active in helping our
projects move forward. We extend our deepest condolences to Mrs. Roberts and all
of the Roberts family."
About Desert Eagle Resources Ltd.
Desert Eagle is a junior mineral exploration company focused on acquiring and
developing advanced stage gold properties in Mongolia. For complete details on
Desert Eagle Resources Ltd. and its partners, management encourages investors
and interested parties to view its public documents filed on SEDAR at
www.sedar.com.
Forward-Looking Information
Certain information contained in this news release may be "forward-looking
information" within the meaning of applicable Canadian securities legislation.
Forward looking information includes, but is not limited to, statements with
respect to the Private Placement and proposed use of proceeds, the future
financial or operating performance of the Company, and planned exploration
programs at the Company's projects. Generally, forward looking information can
be identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", 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" to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed or
implied by such forward-looking information, including but not limited to:
general business, economic, competitive, geopolitical and social uncertainties;
the actual results of current exploration activities; acquisition risks; and
other risks of the mining industry. Although the Company has attempted to
identify important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward
looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.
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