Declan Announces Appointment of Dr Hikmet Akin to the Board of Directors
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/25/13 -- Declan
Resources Inc. ("Declan" or the "Company") (TSX VENTURE:LAN)
announces that Hikmet Akin has joined the Company's board of
directors. Dr. Akin holds an undergraduate degree in mining geology,
a PhD in engineering and a postdoctoral degree in mining
geology/mineral economics. Dr. Akin's studies were completed at the
Technical University of Berlin where he later taught and became an
Dr. Akin has 35 years of career experience in mineral exploration,
development and production with an emphasis on uranium projects. Dr.
Akin held various senior managerial positions before becoming
President and CEO of the German mining company Uranerzbergbau GmbH
("Uranerz"). Uranerz was the 3rd largest uranium producer in the
world with exploration and mining operations mainly in North America,
Germany and Central Asia before its sale to Cameco Corp. in 1998. In
his time with Uranerz, Dr. Akin worked the Athabasca basin
extensively and has supervised activities that lead to the
advancement of projects and various discoveries in the Athabasca
Basin, and elsewhere. Dr. Akin now has a geological consulting
practice serving a broad range of international corporate clients. He
is also Chairman of Anatolia Energy which is developing an in-situ
leach uranium project in Turkey.
Declan's President, Wayne Tisdale states "We are very pleased to
welcome Hikmet to our team. He brings a level of knowledge and
experience in the Uranium exploration space that is world class.
Hikmet will be instrumental in assisting us in exploring our existing
properties and attracting exciting new opportunities for Declan".
The Company further announces that it has granted stock options to
acquire up to 1,000,000 common shares of the Company to a director of
the Company. The stock options are exercisable for a five year term
expiring on November 22, 2018 and exercisable until that time at a
price of $0.09 per common share. On November 21, 2013, the last day
that the Company's common shares traded prior to the granting of the
stock options, the closing price of the common shares on the TSX
Venture Exchange was $0.085 per share. One-third of the options
vested immediately upon the date of grant with an additional
one-third to vest on each of the dates that is nine months and
eighteen months from the date of grant. The stock options, and any
common shares issued upon exercise of the stock options, are subject
to a four month resale restriction.
The Company further announces the cancellation of 2,200,000 existing
About Declan Resources Inc.
Declan Resources Inc. is an independent mineral exploration company
based in Vancouver, B.C. which is currently pursuing mineral
exploration in their Nimini Hills and Baomahun license areas in
Sierra Leone. Declan also has an option to acquire a 100% interest in
two uranium exploration properties in the Patterson Lake area of the
Athabasca basin in Saskatchewan.
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.
Declan Resources Inc.
President and CEO
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