Kesselrun Reports Results of Annual General Meeting and Provides
Corporate Update
THUNDER BAY, ON,
Dec. 20, 2012 /CNW/ - Kesselrun
Resources Ltd. (TSXV: KES) ("Kesselrun") announces that at its
Annual General Meeting of Shareholders ("AGM") held on Dec. 19, 2012, all resolutions proposed to
shareholders were duly passed, including the election of five
directors, the approval of the Company's 10% rolling Stock Option
Plan and the appointment of DeVisser Gray LLP as the auditors of
the Company. Kesselrun's board of directors for the next year is
comprised of Michael Thompson,
Ali Hakimzadeh, James Beesley, Caitlin
Jeffs and Joao da Costa.
Michael Thompson, P. Geo.,
President & CEO of Kesselrun, stated, "This has been a
remarkable first year for Kesselrun since debuting on the TSX
Venture in July. Despite the difficult markets, we have made
significant progress and are well capitalized for continued
development in 2013. I would like to thank all of our investors for
their incredible support."
Kesselrun's recent milestones include:
- Completion of its Qualifying Transaction and TSX Venture
listing in late July 2012 (see news
release dated July
24th)
- The acquisition of an additional 47 mining claims covering
11,168 hectares at its flagship Bluffpoint project in Northwestern
ON (see news release dated Aug.
22nd)
- A summer 2012 surface exploration program at Bluffpoint, that,
along with historic results from Homestake Canada Ltd. expanded the
main Island zone on surface to 500-700 metres in strike length,
100-150 metres in width and open in all directions (see news
releases dated Sept. 10th
& Oct. 18th)
- Surface work on Bluffpoint which included grab sample assay
results from an area approximately 2300 metres north along strike
from the northern extent of the Island Zone of 101.80 g/t Au and
66.82 g/t Au and extended the known mineralization on surface to
approximately 3000 metres (see news release dated Oct. 29th)
- Completion of two equity financings in Nov. 2012 for gross proceeds of $3.27 million (see news releases dated
Nov. 7th &
Nov. 21st)
- Commencement of an initial diamond drilling program on
Bluffpoint in late Nov. 2012 which is
designed to test targets identified during the 2012 surface
exploration program (see news release dated Nov. 22nd)
"I would like reiterate my gratitude to all of our stakeholders
for making these achievements possible. I look forward to another
very successful year for Kesselrun in 2013," added Mr.
Thompson.
Michael Thompson, P. Geo.,
President & CEO of Kesselrun, is the Qualified Person
responsible for the Bluffpoint project as defined by National
Instrument 43-101 and has approved the technical information in
this news release.
About Kesselrun Resources Ltd.
Kesselrun Resources is a newly formed Thunder Bay, Ontario-based mineral exploration
company focused on growth through property acquisitions and
discoveries. Kesselrun's management team possesses strong
geological and exploration expertise with particular experience in
Northwest Ontario. For more
information about Kesselrun Resources, please visit
www.kesselrunresources.com.
Forward Looking Statements
This release includes certain statements that may be deemed to
be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that the Company expects to occur, including without
limitation, the private placement, are forward looking statements.
Forward looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects", "plans", "could" or "should" occur. Although the Company
believes the expectations expressed in such forward looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results may differ
materially from those in forward looking statements. Factors that
may cause the actual results to differ materially from those in
forward-looking statements include gold prices, results of
exploration and development activities, regulatory changes, defects
in title, availability of materials and equipment, timeliness of
government approvals, continued availability of capital and
financing and general economic, market or business conditions. The
Company cautions the foregoing list of important factors is not
exhaustive. Investors and others who base themselves on the
Company's forward-looking statements should carefully consider the
above factors as well as the uncertainties they represent and the
risk they entail. The Company believes that the expectations
reflected in those forward-looking statements are reasonable, but
no assurance can be given that these expectations will prove to be
correct. Please see the public filings of the Company at
www.sedar.com.
Neither the 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 news release.
SOURCE Kesselrun Resources Ltd.