VANCOUVER, BRITISH COLUMBIA–(Nov. 28, 2014) – Otterburn Resources Ltd. (TSX VENTURE:OBN) (the “Company”) is pleased to announce that K92 Holdings International Ltd. (“K92”) has proposed Mr. Mark Eaton as a Director of the Company post completion of the share purchase agreement through which the Company acquires all of the outstanding shares of K92 (see Otterburn News Release dated August 25th, 2014 for details of the proposed share purchase agreement).
Mr. Eaton is a graduate from Hull University, England and is an experienced investment professional with over 20 years of experience in equity capital markets specializing in the resource sector. He has held the position of Managing Director of Global Mining Sales, a division of CIBC World Markets of Toronto, and Manager of US Equity Sales for CIBC World Markets. Mr. Eaton is also a former Partner and Director of Loewen Ondaatje McCutcheon Ltd., a Toronto-based investment dealer. Additional to his leadership in institutional mine finance and investment banking, Mr. Eaton has served in management and on the Boards of several public mining companies. Mr. Eaton is the current Executive Chairman and the former Chief Executive Officer (CEO) of Belo Sun Mining Corp.
K92 Chief Executive Officer, Mr. Ian Stalker, states, “Mark’s experience and relationships in capital markets, investment banking and mine finance will serve K92 well as we execute our business plan in Papua New Guinea. While his success and achievements in capital markets over the past 20 years are well known to many in this sector, not many people know that Mark lived in Papua New Guinea for a stretch of his life, and it is particularly rewarding that he is choosing to become involved in the country now through K92.”
ON BEHALF OF THE BOARD
Brian Lueck, President & CEO
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 release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed transaction with K92 Holdings International Limited; the terms and conditions of the proposed financing and private placement; future exploration and testing; use of funds; and the business and operations of the resulting issuer after the proposed transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the results of current exploration and testing. There can be no assurance that such statements 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 statements. Otterburn disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.