Savant Explorations Ltd.: Management Appointment, Options Granted
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/22/13 -- Savant Explorations Ltd. (TSX VENTURE: SVT) (the "Company" or "Savant") announces the appointment of Mr. David Douglas as Corporate Secretary. Mr. Douglas is currently a Director and Chief Financial Officer of the company and now replaces Mr. Finlayson who has retired as Corporate Secretary. The Board of Directors wishes to thank Mr. Finlayson for his dedication to the Company since its inception in 2007.
The Board of Directors has also granted a stock option to Mr. Ken Leigh, an advisor to the company for the purchase of 200,000 common shares of the Company. The option is granted pursuant to the Company's Stock Option Plan and has an exercise price of $0.10 per share, a term of five years, and is fully vested.
About Savant
Savant is an exploration and development stage company focused on generating and exploring high quality precious and base metal properties in stable jurisdictions. Savant's current properties and assets are 100% owned with combined annual holding costs of approximately $30,000. Savant has a partner funding one of these properties, the wholly owned Yuby Gabriela copper property in Chile - the next option payment of US$500,000 is due to Savant at the end of April. In addition to the Yuby Gabriela property, the Company owns two other high-quality properties, Blue Moon and Yava that Savant's management is seeking to monetize for maximum value to Savant and its shareholders.
Savant's management is currently undertaking a focused, but low cost effort, to identify, review and assess high quality exploration and resource assets in favourable jurisdictions that have the ability to add value to the company and provide a springboard for future growth. The main objective over the next few months will be to diligently work through the review process and identify a new flagship project that can be acquired and financed as markets recover. An updated presentation on the company is available on Savant's website at www.savantexplorations.com.
This press release contains forward-looking statements. These forward-looking statements are based upon the reasonable beliefs of Savant and its management as of the date of this news release; however, forward-looking statements involve risks and uncertainties and are based upon factors that may change and assumptions that may prove, with the passage of time, to be incorrect as a result of exploration and other risk factors associated with mineral exploration and development that are beyond the control of Savant. Accordingly, undue reliance should not be placed upon such statements. If factors materially change or assumptions are materially incorrect, the actual results, performance or achievements of Savant may be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Savant does not undertake any obligation to update or revise any forward-looking statements to reflect new information, future events or otherwise, except as required by applicable law.
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.
Contacts:
Savant Explorations Ltd.
John McClintock
President and CEO
(604) 568 5817
info@SavantExplorations.com
www.SavantExplorations.com