Toronto, Ontario / ACCESSWIRE / March 28, 2014 / Satori Resources Inc. (TSXV:BUD) ("Satori" or the "Company") announces that the TSX Venture Exchange denied the Company's application for a waiver to temporarily operate with 2 directors until such time as terms of a transaction are finalized. Accordingly, Mr. Walter Henry has agreed to re-join the Company's board of directors in order to make the Company compliant with the requirement to have a minimum 3 directors.
Mr. Henry is a former director of Satori and of its's predecessor, St. Eugene Mining. He has had a long relationship with the Company and has historical knowledge of its operations. Accordingly, we view this addition as a logical appointment during this time of possible transition for the Company. The Directors thank Mr. Henry for stepping on such short notice and welcome his input and guidance.
The TSX Venture Exchange has advised that it will resume trading of the Company's stock once the appointment has been made and affiliated documentation filed in this regard.
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, particularly as it relates, directly and indirectly, to the medical marijuana sector.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jennifer Boyle, B.A., LL.B
President and Chief Executive Officer
Satori Resources Inc. [email protected]
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.
SOURCE: Satori Resources Inc.