Toronto, Ontario / ACCESSWIRE / March 11, 2014 / Satori Resources Inc. (TSXV:BUD) ("Satori" or the "Company") announces that Mr. Scott Walters has been appointed special Advisor to the Company for the purposes of assisting with leadership and due diligence activities in respect of the Company's consideration of potential acquisitions within the agri-mining and agri-pharmaceutical sectors.
Mr. Walters is a senior management consultant to private and public companies within the mining and agricultural industries, and specializes in due diligence as it relates to a variety of consumer and agricultural products, particularly in relation to Marijuana for Medical Purposes Regulations (MMPR).
Mr. Walters has twenty years of securities industry experience, the majority of which has been spent investing in and financing natural resource and technology issuers. His execution and senior management experience on the buy and sell side encompasses all types of investment banking transactions including a focus on public and private equity and debt offerings; exclusive sale assignments, joint ventures, business creation and development.
In his previous role, Mr. Walters was the managing director of investment banking for a publicly listed US based investment bank.
There is no assurance that the Company will acquire additional assets, and in the interim, management continues to evaluate all transactions, opportunities, and activities in respect of the Tartan Lake Gold Mine Project in Flin Flon, Manitoba.
The Company further announces the granting of 2,100,000 incentive stock options exercisable at $0.05 per share for five years, 1,100,000 of which are to officers and directors of the Company, and 500,000 to Mr. Walters.
ABOUT SATORI RESOURCES INC.
Satori is a Toronto-based mineral exploration and development company whose primary property is the Tartan Lake Gold Mine Project (100% interest), located in the prolific Flin Flon Greenstone Belt, Manitoba. The Company is currently considering transactions in respect of the Tartan Lake Gold Mine, in addition to evaluating new project opportunities, both within the mining sector and others.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jennifer Boyle, B.A., LL.B
President and Chief Executive Officer
Satori Resources Inc.
T: (647) 430.0966 C: (416) 904.2714
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.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Satori contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Satori's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.