Elcora Resources Appoints Denis Choquette as Director
HALIFAX, NOVA SCOTIA / TheNewswire / April 28, 2015 - Troy Grant, President and CEO of ELCORA RESOURCES CORP. (TSXV:ERA/Frankfurt:ELM), (the "Company" or "Elcora"), is pleased to announce:
Denis Choquette Appointed Director
Denis Choquette has been appointed as a director.
Denis Choquette has twenty-five years' experience in the high technology, industrial and finance business, including tenures at IBM, AT&T and Bombardier. Before founding GTR Capital, he was as Vice President and General Manager at Bombardier where he formed a very successful high technology finance division. He was on the ground floor of iStar which went public and became Canada's largest Internet and e-commerce provider. As a founding partner of GTR Capital, Mr. Choquette has provided mergers and acquisitions services to its clients throughout North America, Europe and Asia. Mr. Choquette also has a leading role in strategy & business development at Fayolle Canada Inc. which is one of the fastest growing construction companies in Canada.
"I am very pleased to have Denis join the Elcora team at this critical point in Elcora's growth" said Troy Grant, CEO of Elcora. "His skills will be invaluable as we begin forging relationships with graphite and graphene end-users."
Since 2011 Mr. Choquette has been active in the re-opening and management of the Sakura Graphite mine (''Sakura'') in Sri Lanka. His knowledge of the graphite industry was essential both in raising equity for the mine and assisting in re-establishing the extraction of graphite mineralization from the mine. He contributed significantly to the joint business operation between Sakura and Elcora Resources Corp. in 2014, particularly with strategy and partnership management.
''The combination of the high quality graphite mineralization available at Sakura and the processing potential of Elcora should prove an effective business model. I look forward to Elcora maturing into an efficient mine and mill operator, and growing to become both a valued and a valuable participant in the expanding graphite industry'' said Mr. Choquette.
Grant of Stock Options
The Company has granted 3,000,000 incentive stock options to directors and officers. The options are exercisable at a price of $0.10 per share for a term of five years expiring April 28, 2020, all subject to the terms of the Company's incentive stock option plan.
For further information please visit the Company's website at www.elcoraresources.com
For further information please contact: Troy Grant, Director, President and CEO, Elcora Resources Corp., T: 902 802-8847 F: 902 446-2001.
CAUTIONARY STATEMENT
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock Exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Elcora, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Elcora's expectations are exploration risks detailed herein and from time to time in the filings made by Elcora with securities regulators.
Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.
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