TORONTO,
Aug. 19, 2013 /PRNewswire/ - Pacific
Coal Resources Ltd. (TSXV: PAK) is pleased to announce the
appointment of Mr. Octavio Arbelaez
as a director of the Company, effective immediately.
Mr. Arbelaez has over 15 years of experience in
the Colombian energy sector and agricultural industries. He has
been the Chief Executive Officer of Proelectrica & Cía. S.C.A.
E.S.P. since 2007 and was the former manager of Comercializadora
Andina de Energia S.A. E.S.P.
Mr. Arbelaez is joining the board of the Company
to replace Mr. Oscar Ordonez who
recently resigned from the board. Hernan
Martinez, the Company's Executive Chairman said, "We are
very pleased to welcome Octavio
Arbelaez to our board of directors and look forward to the
value and experience he will bring to the board."
About Pacific Coal Resources Ltd.
Pacific Coal Resources Ltd. is a
Canadian-based mining company engaged in the acquisition,
exploration and production of coal and coal-related assets from
properties located in Colombia.
The Company's common shares are listed on the TSX Venture Exchange
and trade under the symbol "PAK".
Forward Looking Information:
This news release contains "forward-looking
information", which may include, but is not limited to, statements
with respect to the future financial or operating performance of
the Company and its projects. Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or believes" or
variations (including negative 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.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Pacific Coal to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements.
Forward-looking statements contained herein are made as of the date
of this press release and Pacific Coal disclaim, other than as
required by law, any obligation to update any forward-looking
statements whether as a result of new information, results, future
events, circumstances, or if management's estimates or opinions
should change, or otherwise. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader is
cautioned not to place undue reliance on forward-looking
statements.
Neither 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 Pacific Coal Resources Ltd.