Satori Appoints Agri-Minerals Advisor
Toronto, Ontario--(Newsfile Corp. - July 29, 2014) - Satori Resources Inc. (TSXV: BUD) (“Satori” or the “Company”) announces the appointment of Ms. Tegan Adams, M.Sc., as advisor to the Company in order to assist in the analysis and review of the Company’s minerals projects and agri-mineral research work. Ms. Adams has over 10 years experience managing agri-resource based projects, including formerly holding the role of COO of Affinor Growers Inc. (see Affinor news release dated July 21, 2013).
Working with Satori in respect of its phosphate or other such similar products, Adams will seek to ensure that existing and future projects will form part of a reliable and profitable supply chain providing a high quality agri-mineral and resource-based product to all companies, including those in the North American medical marijuana industry. Her knowledge of import/export processes, her existing experience dealing with Health Canada at Affinor, and her expansive network of contacts in the Canadian medical marijuana industry will be invaluable to the Company, particularly as it relates to the Company’s role in the joint venture with Jourdan Resources Inc., and others currently being contemplated.
Ms. Adams holds a Masters of Agriculture degree from the University of British Columbia, and recently held the role of Chief Operating Officer of Affinor Growers Inc., where she led the Company’s due diligence, competitive strategy and business planning for its several agricultural and medical marijuana facilities and projects. Ms. Adams specializes in Global Resource Systems and Integrated Studies, and develops competitive strategies in agricultural and mineral nutrition, as evidenced by her experience in international farming operations, and as a member of the City of Vancouver’s Greenest City Action team.
Jennifer Boyle, President and CEO of Satori, states “We're ecstatic to be working with Ms. Adams. Her involvement with Satori will be instrumental in assisting the Company with its resource-based agri-minerals activities, particularly as it relates to our phosphate joint venture project in Quebec in pursuit of the development of a natural nutrient-based slow-release fertilizer product and the identification of further suitable medical marijuana grow-testing facilities.”
Ms. Adams states, “In discussions with Satori management, I've been impressed at the strategic nature of the Company. They have performed a long period of due diligence on various potential projects before them before selecting this direction. My job with the Company will be to ensure that the research work being carried out, along with new mineral-based nutrient opportunities, moves the Company toward real products for the marketplace. Efficient, effective mineral nutrient delivery is an essential element of any agricultural operation, including medical marijuana grow operations, and that begins with superior sources of nutrient minerals. I'm here to help Satori build a Company, quickly yet deliberately, and what I see has me excited to hit the ground running.”
The Company further announces that it intends to: (i) conclude debt settlement agreements for the issuance of an aggregate 1,800,000 common shares to creditors, in consideration for the settlement of an aggregate $90,000 debt ($17,500 of which is to related parties) at a deemed price of $0.05, all of which is subject to the receipt of regulatory approval; and (ii) grant 300,000 stock options to a consultant of the Company having an exercise price of $0.05 per share for a period of five years.
ABOUT SATORI RESOURCES INC.
Satori is a Toronto-based mineral exploration and development company whose primary property is the Tartan Lake Gold Mine Project (100% interest), located in the prolific Flin Flon Greenstone Belt, Manitoba. The Company is currently considering transactions in respect of the Tartan Lake Gold Mine, in addition to evaluating new project opportunities.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jennifer Boyle, B.A., LL.B
President and Chief Executive Officer
Satori Resources Inc.
jennifer@capexgroupinc.com
T: (647) 430.0966 C: (416) 904.2714
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