Nitinat Appoints Ian Stewart to the Board of Directors
11 May 2010 - 1:17AM
Marketwired
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.
Neither 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.
Contacts: Nitinat Minerals Corporation Victor Cantore Director
of the Corporation 514.831.3809
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