Nitinat Appoints Ian Stewart to the Board of Directors
11 May 2010 - 1:17AM
Marketwired Canada
Nitinat Minerals Corporation (the "Corporation") (TSX VENTURE:NZZ) is pleased to
announce that Mr. Ian Stewart has been appointed to the board of directors of
the Corporation.
Mr. Stewart co-founded Stratacon Inc, the largest sub-metering company in Canada
in 1996 and finalized a sale of the company to the Consumers Water Heater Income
Fund in August 2008. Since the sale, Mr. Stewart continues to advise Stratacon
and maintains an active practice in international business development.
Mr. Stewart was appointed to the board of directors after the resignation of Mr.
Wayne Isaacs. Mr. Isaacs resigned to pursue personal projects. The Corporation
would like to thank Mr. Isaacs for his contribution to the Corporation and wish
him luck in his future endeavors.
The Corporation also announces that it has granted 400,000 stock options to a
director. Each option is exercisable at $0.25 per common share and is
exercisable at any time until May 9, 2015.
This update contains "forward looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Generally, these forward looking statements can
be identified by the use of forward looking terminology such as "plans",
"anticipated", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Nitinat is subject to significant
risks and uncertainties which may cause the actual results, performance or
achievements to be materially different from any future results, performance, or
achievements expressed or implied by the forward looking statements contained in
this release. Nitinat cannot assure investors that actual results will be
consistent with these forward looking statements and Nitinat assumes no
obligation to update or revise the forward looking statements contained in this
release to reflect actual events or new circumstances.
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