Sandspring Resources Ltd. (TSX VENTURE:SSP
- News; the
"Company" or "Sandspring") is
pleased to announce the appointment of Mr. Scott Issel
as Chief Financial Officer of the Company.
Mr. Issel
completed a double major in Accounting and Finance from the University of
Colorado and an MBA from the University of Notre Dame. He has previously
served as an Investment Advisor with Merrill Lynch and as a portfolio manager
with a private venture capital group in the United States.
Mr. Issel
joined Sandspring in May 2009 as the Controller of GoldHeart Investment Holdings Ltd., a subsidiary company
of Sandspring and owner of the original Toroparu gold-copper project in Guyana, South America
through a Guyanese operating company, ETK Inc. He assisted in the reverse
takeover transaction of Sandspring which served as
the Company's Qualifying Transaction for listing on the TSX Venture Exchange.
Most recently Mr. Issel
served as Controller of Sandspring Resources Inc.
and has been instrumental in ensuring a smooth transition to the public
capital markets.
The Company further announces that Mr.
Carmelo Marrelli has resigned as Chief Financial
Officer of Sandspring and will continue to provide
financial consulting services to the Company.
Abraham Drost,
President of Sandspring states: "We thank
Carmelo Marrelli for his capable service to Sandspring as Chief Financial Officer during the early
period of the Company's entry into the public capital markets. We look
forward to continuing to work with Carmelo on a consulting basis going
forward. With the appointment of Scott Issel as
Chief Financial Officer for Sandspring,
responsibility for the Company's financial affairs remains in very solid
hands. Scott performed well as Controller of Sandspring
and with his new appointment will continue to help the Company stay the
course for growth as it advances the NI 43-101 compliant Toroparu
gold-copper project through preliminary economic and feasibility
testing."
Sandspring is a well-funded junior mining company
currently exploring and developing the NI 43-101 Toroparu
gold-copper project in the Republic of Guyana, South America. Additional
information on Sandspring can be viewed on SEDAR
under the Corporation's profile at www.sedar.com
or on Sandspring's website at www.sandspringresources.com.
This news release includes certain
forward-looking statements concerning the future performance of our business,
financial performance and condition, as well as management's objectives,
strategies, beliefs and intentions. Forward-looking statements are frequently
identified by such words as "may", "will",
"plan", "expect", "anticipate", "estimate",
"intend" and similar words referring to future events and results.
Forward-looking statements are based on the current opinions and expectations
of management. All forward-looking information is inherently uncertain and
subject to a variety of assumptions, risks and uncertainties, including the
speculative nature of mineral exploration and development, fluctuating
commodity prices, competitive risks and the availability of financing, as
described in more detail in our recent securities filings available at
www.sedar.com. Actual events or results may differ materially from those
projected in the forward looking-statements and we caution against placing
undue reliance thereon. Sandspring Resources Ltd.
has an ongoing obligation to disclose material information as it becomes
available.
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 press release.
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