VANCOUVER, Oct. 11, 2013 /CNW/ - Tanzania Minerals Corp.
(the "Company"), (TSXV: TZM) (FRANKFURT: TM0.F) is pleased to
announce that Vice-President of Business Development Mr
Ryan Walchuck has been added to the
Board of Directors and Audit Committee. Mr Kal Matharu, President and CEO, will be stepping
down from the Audit Committee.
Mr Walchuck is a Chartered Accountant (CA) and
Chartered Business Valuator (CBV). Prior to joining Tanzania
Minerals in May 2012 (Company news
release May 1st, 2012), Mr
Walchuck was part of BHP Billiton's Strategy and Development team
in their Diamonds & Specialty Products division. At BHP
Billiton he assisted with the development of a potash mineral
rights acquisition strategy, was part of the PotashCorp acquisition
team, was the Acting Head of Finance for the EKATI diamond mine for
approximately 5 months and assisted with the division's corporate
strategy and planning for presentation to the executive leadership.
Before joining BHP Billiton, Mr Walchuck was a Manager in
Deloitte's Valuation practice where he specialized in advising
mid-tier to junior mining companies with accounting, corporate
finance, merger and valuation solutions. Prior to joining Deloitte,
Mr Walchuck was with PricewaterhouseCoopers where he obtained his
CA designation.
President Kal
Matharu comments, "Ryan's extensive knowledge of finance and
the mining business will definitely complement Tanzania's Board of Directors. We are very
excited to be adding Ryan to the Board and we look forward to
continuing to work with him to advance the Company and build
shareholder value."
Additionally, and effective October 1st, 2013, current investor
relations provider Trident Financial (Company news release
March 1, 2013) has had its contract
extended for one year at a rate of $5500 per month, plus an incentive stock option
package which has not been set at this time.
Additional information on Tanzania Minerals Corp.,
including technical reports and other public documents are
available on SEDAR at www.sedar.com or on the Company's website at
www.tanzaniaco.com.
Tanzania Minerals Corp. is an emerging junior
exploration company trading on the TSX Venture Exchange. The
company has an extensive portfolio of projects in Tanzania.
On behalf of the Board of Directors of Tanzania Minerals
Corp.
"Kal Matharu"
Kal Matharu, President &
CEO
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 release.
Statements included in this announcement,
including statements concerning our plans, intentions and
expectations, which are not historical in nature are intended to
be, and are hereby identified as, "forward looking statements".
Forward looking statements may be identified by words including
"anticipates", "believes", "intends", "estimates", "expects" and
similar expressions. The Company cautions readers that forward
looking statements, including without limitation those relating to
the Company's future operations and business prospects are subject
to certain risks and uncertainties that could cause actual results
to differ materially from those indicated in the forward looking
statements.
SOURCE Tanzania Minerals Corp