Fura Welcomes Roberto Schrader to Its Board of Directors
TORONTO, ONTARIO--(Marketwired - March 4, 2016) - Fura Emeralds Inc. ("Fura" or the "Company") (TSX VENTURE:FUR) announces the appointment of Mr. Roberto Schrader to its board of directors effective immediately.
Mr. Schrader brings extensive experience in the Colombian engineering and construction sector to the Fura board of directors having held various executive and managerial positions in Colombia and internationally. Mr. Schrader also has experience in the mining sector as a former partner of a geological prospecting company in Colombia. Mr. Schrader holds a Bachelor of Science in Mechanical Engineering from Michigan Technological University, a Masters of Business Administration from the Rotterdam School of Management and a Specialization in Finance from the Universidad de los Andes.
The appointment of Mr. Schrader follows the resignation of Julian Garcia as a member of the Board of Directors of the Company. The Board and management of Fura thank Mr. Garcia for his contributions to the Company and wish him well in his future endeavours.
Pursuant to Mr. Schrader's appointment, he has been granted a total of 150,000 stock options. The options have an exercise price of $0.175 and shall expire five years from the date of grant. The grant of options remains subject to approval of the TSX Venture Exchange.
About Fura Emeralds Inc.
Fura Emeralds Inc. is a natural resource company which is engaged in the acquisition and exploration of resource properties in Colombia.
Regulatory Statements
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the appointment of directors, officers and the grant of options. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the oil and gas industry. Although the company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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