TSXV: SRW FRANKFURT: A0BLQQ
VANCOUVER, Sept. 20 /CNW/ - Solid Resources Ltd. ("Solid" or the "Company") (TSX Venture: SRW; Frankfurt: A0BLQQ) announced today that it has accepted the resignation of Joerg Schuetz as the Chief Executive Officer effective September 16, 2010. The Board of Directors thank Mr. Schuetz for his dedicated service and wishes him well in his future endeavours.
The Company is pleased to announce the appointment of Mr. Greg Pendura to the position of Chief Executive Officer. Mr. Pendura, who resides in Edmonton, Alberta, has more than 35 years of experience in founding, financing and advising emerging private and public companies. Mr. Pendura spent 12 years in the public sector with Resin Systems Inc. An original founder of the company he retired in 2007 as President, CEO and Chairman of the Board. During his tenure with Resin Systems Inc., he was instrumental in the company achieving a market capitalization of over $200 million as well as raising in excess of $100 million during its formative years.
Since 2007 Mr. Pendura has been involved in the mining sector as a management consultant and Board Member of Anglo Swiss Resources. He assisted the company to raise capital and gain exposure in the marketplace. The company has now entered a formative drilling and explorative development stage of qualifying and quantifying the resources of its properties.
"I am excited about the opportunity to advance the company's Spanish and Peruvian properties while evaluating future areas of interest. As we continue to build the team to achieve our objectives the goal will always be to maximize shareholder value" commented Greg Pendura.
Mr. Hayward, Chairman of the Board, states that "Greg has demonstrated outstanding leadership and a proven ability to reach targeted goals. We look forward to working with Mr. Pendura to continue building a successful company."
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.
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
For further information: Mr. Rick Gliege, Chief Operating Officer, Tel: (250) 751 3661
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