Lexam Nominee Mr. John Drake Appointed to VG Gold Board
05 10월 2009 - 9:00PM
Marketwired
LEXAM EXPLORATIONS INC. (TSX VENTURE: LEX) is pleased to announce
that it has exercised its right, pursuant to the July 2009
subscription agreement, to nominate a director to the VG Gold Corp
board. Effective October 2, 2009 Mr. John Drake's nomination has
been accepted by the VG Gold board.
John Drake is the President and co-founder of Drake Goodwin
Corporation, an investment firm with interests in financial
services, real estate development and manufacturing. He is also the
Chairman of Critical Outcome Technologies Inc. a TSX-Venture listed
company and the co-owner of Redtail Golf Course, an exclusive golf
course located outside of Port Stanley, Ontario. Mr. Drake was
appointed an Honorary Colonel of the 1st Hussars of the Royal
Canadian Armored Corps. in 1999. He obtained his B.A. and LL.B
degrees from the University of Western Ontario and remains a member
of the Law Society of Upper Canada.
Lexam currently owns 27% of VG Gold's outstanding shares and 42%
on a partially diluted basis.
About Lexam
Lexam is a North American exploration company. The Company holds
significant equity stakes in VG Gold Corp and Rubicon Minerals
Corp. Lexam also owns 75% of the Baca Oil & Gas Project in
south-central Colorado, USA and it has a 50% joint venture interest
in the Otish Basin uranium project located in Quebec, Canada with
Golden Valley Mines.
CAUTIONARY STATEMENT
Some of the statements contained in this release are
"forward-looking statements". Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause our actual results, performance or achievements to
differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking
statements. Factors that could cause actual results to differ
materially from anticipated results include risks and uncertainties
such as: ability to raise financing for further exploration and
development activities; risks relating to estimates of reserves,
deposits and production costs; extraction and development risks;
the risk of commodity price fluctuations; political, regulatory and
environmental risks; and other risks and uncertainties in the
reports and disclosure documents filed by Lexam from time-to-time
with Canadian securities regulatory authorities. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The complete fourth quarter report
including management's discussion and analysis, financial
statements and notes can be found on our Company's website at
www.lexamexplorations.com and on SEDAR at www.sedar.com.
Contacts: Lexam Explorations Inc. Helen Bilhete Director,
Investor Relations (647) 258-0395 or Toll Free: (866) 441-0690
(647) 258-0408 (FAX) info@lexamexplorations.com
www.lexamexplorations.com Lexam Explorations Inc. Corporate Head
Office 99 George Street, 3rd Floor Toronto, ON M5A 2N4
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