Huldra Silver Inc. Announces Election of a New Director
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/28/10 -- On behalf of the directors of Huldra Silver Inc. (TSX VENTURE: HDA) (the 'Company' or 'Huldra Silver'), Ryan Sharp, MBA, President and CEO, is pleased to announce that Garth Braun has been elected by the shareholders to serve on the board of directors of the Company.
Mr. Braun has been the CEO and a director of Blackbird Energy Inc. since November 2009. In 2008, he worked as an investment banker for Gateway Securities Inc. Throughout the last 25 years, Mr. Braun has also operated a private Canadian real estate development company. Mr. Sharp states, 'We are very pleased to welcome Garth to the board. Huldra Silver will definitely benefit from his knowledge and experience in both the public and private markets.'
Huldra Silver made an Application for a Mines Act Permit Amendment on May 13, 2010. As a condition of the permit, the Company posted an additional security deposit in the amount of $50,000 bringing the total posted security deposit to $60,000. The Company will provide complete details of the proposed work along with a timeline once the permit has been received.
The Company also wishes to announce that 340,000 stock options have been granted to directors and consultants at an exercise price of $0.385 per share for a period of 5 years.
Huldra Silver is currently working on plans to put the Treasure Mountain project, located 3 hours east of Vancouver, BC, into development subject to permitting and financing. The Company is also actively assessing other opportunities for acquisition and development.
On behalf of the Board of Directors
Ryan Sharp, MBA, President CEO & Director
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's overall business development objectives and plans. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, and include that the Company plans to put the Treasure Mountain Project into development. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company's actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with silver exploration, (3) a decreased demand for silver, (4) any number of events or causes which may delay exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth, (7) inability to obtain all necessary permitting and financing, and (8) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Additional information about the Company and these and other assumptions, risks and uncertainties is available in the Company's public filings with Canadian securities regulators, available on SEDAR at www.sedar.com.
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 news release.
Contacts:
Huldra Silver Inc.
Ryan Sharp
President, CEO & Director
604-818-1486
ryan@huldrasilver.com OR IR@huldrasilver.com
www.huldrasilver.com