Savant Explorations Ltd. Announces Board Changes and Granting of Options to Officers and Directors
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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/14/11 -- Savant Explorations Ltd. (TSX VENTURE: SVT) ('Savant') is pleased to announce that Mr. Reginald Advocaat has been appointed to the Board.
Mr. Advocaat has 29 years experience in the junior mining sector initially as broker and trader with Pacific International Securities Inc. with a primary role of underwriting junior resource companies. Since 1986 and prior to his current role as President of Fortunate Sun Mining Company Ltd., Mr. Advocaat worked as an investor relations and corporate development consultant for several TSX listed companies including Eldorado Gold Corp. and Great Panther Resources Ltd. Mr. Advocaat played a primary role in raising over $100 million for public companies during his career.
Mr. Advocaat replaces Mr. Ron Simpson who has retired from the Board. Savant wishes to thank Mr. Simpson for his role in the startup of Savant and his dedication and efforts on behalf of Savant over the past four and half years.
The Board of Directors has approved the granting of stock options to directors, officers and consultants for the purchase of 1,250,000 common shares of the Company. The options are granted pursuant to the Company's Stock Option Plan and have an exercise price of $0.10 per share, a term of five years and are fully vested.
This press release contains forward-looking statements. These forward-looking statements are based upon the reasonable beliefs of Savant and its management as of the date of this news release; however, forward-looking statements involve risks and uncertainties and are based upon factors that may change and assumptions that may prove, with the passage of time, to be incorrect as a result of exploration and other risk factors associated with mineral exploration and development that are beyond the control of Savant. Accordingly, undue reliance should not be placed upon such statements. If factors materially change or assumptions are materially incorrect, the actual results, performance or achievements of Savant may be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Savant does not undertake any obligation to update or revise any forward-looking statements to reflect new information, future events or otherwise, except as required by applicable law.
Contacts:
Savant Explorations Ltd.
John McClintock
President and CEO
(604) 568 5817
info@SavantExplorations.com
www.SavantExplorations.com