Valhalla AGM Results and Management Changes
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/22/13 -- Valhalla
Resources Ltd. (TSX VENTURE:VH) is pleased to report that at its
recently held Annual General Meeting all motions were passed
successfully. As a result the newly constituted Board of Directors
comprises Mr. Michael Williams (chairman), Mr. Adrian Fleming
(independent), Mr. Roderick Kirkham (independent), Mr. Stacy Quinney,
Mr. Firat Gulgen and Mr. Ata Ferhatoglu. Messrs. Fleming, Ferhatoglu
and Kirkham will serve as the audit committee.
At the initial meeting of the newly constituted Board it was
determined that, for the foreseeable future, all management decisions
would be taken by the Board and consequently, the only officer
positions that will be maintained are those of Chief Financial
Officer and Corporate Secretary.
About Valhalla Resources Ltd.:
Valhalla Resources is a Canadian mineral exploration company focusing
on the discovery and development of base and precious metal
opportunities globally. Currently, Valhalla's principal assets are
the Sarp Properties in Northwestern Turkey.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Williams, Chairman of the Board
Caution Regarding Forward-Looking Information
This news release includes certain forward-looking statements within
the meaning of Canadian securities laws. Forward-looking statements
involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ
materially from those expressed in such forward-looking statements.
Forward-looking statements in this news release, include, but are not
limited to, the fact that completion of the Private Placement is
subject to a number of customary closing conditions, including
receipt of the approval of Valhalla's shareholders and approval of
the Exchange, economic performance, future plans and objectives of
the Company and the other factors discussed under the heading "Risk
Factors" in the Company's Management's Discussion and Analysis for
the year ended November 30, 2011 and in other continuous disclosure
filings made by the Company with Canadian securities regulatory
authorities and available at www.sedar.com. Any number of important
factors could cause actual results to differ materially from these
forward-looking statements as well as future results. Although
Valhalla believes that the assumptions and factors used in making the
forward-looking statements are reasonable, undue reliance should not
be placed on these statements, which only apply as of the date of
this news release, and no assurance can be given that such events
will occur in the disclosed timeframe or at all. Valhalla disclaims
any intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
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.
Valhalla Resources Ltd.
Chairman of the Board
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