new bd member and some news on seismic work
NAR Resources appoints Burke a director
NAR Resources Ltd NRL
Shares issued 7,838,202 Jul 11 close $2.35
Thu 13 Jul 2000 News Release
Mr. George Elliott reports
John D. Burke has been added to the board of directors, subject to
regulatory approval. Mr. Burke adds international financial expertise to
the board, which further exemplifies the company's commitment to develop
its extensive titanium mineral sands project located near Truro, N.S.,
Canada.
Having graduated with a bachelor of commerce degree from the University of
Toronto, Mr. Burke completed his qualification as a chartered accountant in
1975 while working with Arthur Andersen & Co. Mr. Burke subsequently joined
a family manufacturing company, Burke and Wallace Ltd., for a period of
five years, after which the company was sold to a large German
manufacturer, Wurttembergishe Metallwaremfabrik A.G. He continued with the
company in the capacity of vice-president, finance and administration.
In 1985, Mr. Burke commenced a six-year engagement as special assistant to
the chairman of the largest commercial group of companies in Singapore. In
this capacity, Mr. Burke was involved with large strategic investments and
corporate finance endeavours within the mining industries of Malaysia and
Australia.
Upon his return to Canada in 1991, Mr. Burke established an international
consultancy, Asean Canadian Financial Corp., and served as president of
Richmont Canada Limited, a subsidiary of Richmont Corporation based in
Dallas, Tex., which is focused upon strategic direct investment, corporate
finance and portfolio management.
The company has also made its final $200,000 payment to Titanium
Corporation of Canada Limited to complete its $1-million commitment. Nar
Resources has now earned an undivided one-third interest in the titanium
mineral sands project. A detailed work program is well under way with a
recently completed seismic survey conducted by Canadian Seabed Research
Ltd. of Nova Scotia awaiting final interpretation. This survey was
commissioned to determine the thickness of the deposit. These results,
coupled with the 395 shallow drill holes previously completed, will enable
the company to prioritize targets for a deep drilling program. It is
anticipated that drilling will begin once contracts have been finalized.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
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