Satori Announces Corporate Update
Toronto, Ontario--(Newsfile Corp. - September 11, 2014) - Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") announces that it has appointed Mr. Walter Henry as President and Chief Executive Officer. Ms. Jennifer Boyle, the Company's previous President and Chief Executive Offer, will assume the role of Executive Chair.
Mr. Henry has been a director of Satori and of its predecessor company, St. Eugene Mining Corporation prior to its acquisition by Claude Resources Inc. in 2012 (see Satori news release dated March 28, 2014). Mr. Henry has been CEO of Frontline Gold Corp. since June 2010 and is the Chairman of Alexandria Minerals Corp.. Mr. Henry has previously held the positions of Vice-President, Finance and CFO of Royal Nickel Corp.; CFO of Juno Special Situations Corp., Alturas Minerals Corp. and Tiberon Minerals Ltd. Mr. Henry sits on the board of directors of other companies and has extensive experience in the areas of international project financing, capital markets financing, commercial bank financing, financial reporting, controls and taxation matters and treasury and financial risk management.
The Company also wishes to announce the appointment of Mr. Tom Hussey as an independent director of the Company. Tom Hussey, CPA, CA is currently CFO of N-Dimensions Solutions Inc., and CFO and a director of Frontline Gold Corp. He has been a member of the Canadian Institute of Chartered Accountants for over 40 years and is a KPMG LLP alumnus. Over the last 30 years, Mr. Hussey has held senior positions, including CFO, in many companies in the packaging industry and recently retired as Executive VP & CFO of a global equipment manufacturer. Mr. Hussey was also the CFO of Wallbridge Mining Company prior to and after the company's initial public offering. Mr. Hussey is currently a member of the board of directors and chairman of the audit committee of Miocene Metals Inc., a company listed on the TSX-V. He has also been and is currently a member of the board of directors of many organizations in both private companies and not-for-profit organizations. Mr. Hussey is also the Audit Chairman for Platinex Inc.
"I am looking forward to my new role with Satori, states Walter Henry. With the addition of strategic advisors, such as Bill Christie and Tegan Adams (see press release dated August 18, 2014 and July 29, 2014) and the partnership with Jourdan Resources (see press release dated April 30, 2014) and Homegrown Hydoponics (see press release dated August 11, 2014), we are taking the right steps in evaluating the agriculture fertilizer space."
Lastly, the Company announces the appointment of Mr. Alex Rea as an advisor to the board. Mr. Rea is the Vice President and CEO of Homegrown Hydroponics Inc. (see news release dated August 11, 2014). Mr. Rea has worked in the hydroponic field since joining Homegrown in 2002. Instrumental in adapting the business to the burgeoning medical cannabis market and working as a consultant and advisor to many legal medical cannabis production facilities since the inception of the MMAR program.
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:
Mr. Walter Henry, CFA
President and CEO
Satori Resources Inc. walter@frontlinegold.com
Cell: 416 414 5825
Jennifer Boyle, B.A., LL.B
Executive Chair
Satori Resources Inc. jennifer@capexgroupinc.com
T: (647) 430.0966 C: (416) 904.2714
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 release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Satori contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Satori's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.