American Sands Energy Corp. Appoints New Chief Operating Officer
"We are excited to have someone of the caliber and experience of Mr. McGinnis join our team. His experience in the refining and chemicals industry is exactly what the Company needs to move into the next phase of developing and building our project," said William Gibbs, Chairman/CEO.
"I am excited to be working with the Company in this new capacity. I believe the Company has a world class project and my experience will help accelerate this next phase of development," stated Mr. McGinnis.
American Sands is the developer of the Sunnyside project in Utah. The Company currently controls over 150 million barrels of oil sands resource and hopes to be in production by the end of 2016.
About American Sands Energy Corp.
American Sands Energy Corp. is a development stage Delaware company with primary operations in Utah. The Company has acquired rights to oil sand ore covering approximately 1,800 private acres of prime oil sand deposits in the Sunnyside area of Utah. The Company has an extraction and recovery system using a licensed proprietary solvent that separates oil and other hydrocarbons from sand, dirt and other substances without creating tailing ponds and other environmental hazards. For more information, visit www.americansandsenergy.com.
Forward Looking Statements
This release contains forward-looking statements regarding AMSE's future plans and expected performance based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of business development efforts, exploration efforts and the timeliness of development activities, the ability to place the project into full production; the ability to secure all necessary mining permits in a timely manner, fluctuations in energy prices, confirmation of estimated resources, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. American Sands Energy Corp. undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of AMSE's securities, and there shall not be any sale of AMSE's securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction, or the availability of an exemption therefrom.
CONTACT:
David Hardman, CFO
(801) 536-6140