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Re: News Releases - Monday, February 22, 2010
VERONA DEVELOPMENT APPOINTS NEW DIRECTOR
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Vancouver, British Columbia, February 22, 2010 -- Verona Development
Corp. (TSX.V: VDC) is pleased to announce the appointment of Gurminder
Sangha to its board of directors.
Mr. Sangha is an independent business advisor to the mining industry.
For over nine years, Mr. Sangha has focused on significant
international exploration, development, and mining ventures, and all
aspects of their structuring and finance. His previous positions
include: Business Development Manager at Scotia McLeod.; Commerical
Banking Manager, Scotiabank; and Business Advisor to Norsemont Mining
Inc., a Toronto Stock Exchange listed copper company. During his
tenure at Norsemont, he helped grow the company from a market
capitalization of $1 million to $100 million in less than two years.
Mr. Sangha holds a Bachelor of Commerce degree.
"We are looking forward to working with Gurminder and building Verona
to become an established oil and gas company. His fundraising
experience will contribute a significant added value to Verona, and
will help increase shareholder value," stated Rod Husband, director of
Verona Development.
Verona Development is an emerging oil and gas company focused on
creating shareholder wealth through acquisition, and ongoing
exploration and development of energy-based investments in global
markets.
On Behalf of the Board of Directors
VERONA DEVELOPMENT CORP.
Signed "Rod Husband"
Rod Husband, P.Geo.
Director
Contact:
Investor Relations: (604) 681-4653 or 1-866-282-8398
Email: info@veronacorp.com (Email address obfuscated: enable JavaScript
to view) or visit our Website: www.veronacorp.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 release.
This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements.
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Copyright (c) 2010 VERONA DEVELOPMENT CORP. (VDC) All rights reserved.
For more information visit our website at http://www.veronacorp.com/
or send mailto:info@veronacorp.com
Message sent on Mon Feb 22, 2010 at 1:05:35 PM Pacific Time
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Verona Development Corp.
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CODE : VDC.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Verona Development is a oil development stage company based in Canada. Verona Development produces oil, natural gas in China, and holds various exploration projects in Canada. Its main asset in production is SHILOUBEI CBM in China and its main exploration property is GAINSBOROUGH SOUTH in Canada. Verona Development is listed in Canada. Its market capitalisation is CA$ 1.6 millions as of today (US$ 1.6 millions, € 1.2 millions). Its stock quote reached its highest recent level on May 31, 2006 at CA$ 1.40, and its lowest recent point on December 04, 2008 at CA$ 0.05. Verona Development has 32 964 717 shares outstanding. |