VANCOUVER, BC / ACCESSWIRE / April 27, 2017 / DV Resources Ltd. (TSX-V: DLV.H) (the "Company") is pleased to announce that Peter Leitch, Geir Liland and Larry Copeland have been appointed to the Company's board of directors and that the Company has appointed Geir Liland as Chief Executive Officer and Melinda Coghill as Chief Financial Officer and Corporate Secretary. Carl Jonsson, Theo Sanidas, and Thomas Wharton have resigned from the board and the board would like to thank them for their services.
The Company has also entered into a financial advisory mandate agreement with Fiore Management & Advisory Corp. to provide financial advice and corporate administration.
The Company also announces that Brian Paes-Braga acquired 7,000,000 common shares pursuant to a private transaction. The acquisitions represent 20.58% of the issued and outstanding common shares of the Company. As a result of the acquisition of securities described above, Brian Paes-Braga directly and indirectly, owns and or controls, in aggregate 7,000,000 common shares of the Issuer, representing 20.58% of the current issued and outstanding common shares of the Company.
The Company has been advised that Mr. Paes-Braga acquired these securities for investment purposes and, as disclosed in the Early Warning Report accompanying this news release, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.
On behalf of DV RESOURCES LTD.
"Geir Liland"
Chief Executive Officer
For further information, please contact:
Melinda Coghill
CFO & Corporate Secretary
Tel: (604) 609-6148
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.
SOURCE: DV Resources Ltd.