Winmax Announces Change in Control, Appoints New Officers and Directors, and Announces Potential Purchase of Interest near the City of Prince Albert, Saskatchwean, Canada
FT. LAUDERDALE, Fla., Jun 19, 2001 (BUSINESS WIRE) -- Winmax Trading Group, Inc. ("Winmax") (OTCBB: WMAX chart, msgs) announces that effective June 12, 2001, Mr. Ralph Pistor, a long time director, resigned his position as President, Director, and Chief Executive Officer of Winmax.
Mr. Pistor sold 2,000,000 shares of his common stock in Winmax to Mr. Gerald E. Sklar of Calgary, Canada for $582,500.
Winmax is pleased to announce that Mr. Gerald E. Sklar has been appointed to Winmax's Board of Directors. Mr. Sklar has agreed to act as Winmax's Interim President and Chief Executive Officer. Mr. Sklar has an extensive public company background, having worked with publicly traded companies for over fifteen years.
Winmax is also pleased to announce that Mr. Anthony Miller of Redlands, California, has joined its Board of Directors. Mr. Miller, an accomplished businessman with a wide range of experience in public companies, is the president of US Crude (USCR) of Redlands, California.
Elaine Prober, of Boston, Mass., has been elected Winmax's honorary Chairman of the Board and Mr. Dave Young of Calgary, Alberta has been appointed a director. Both Mrs. Prober and Mr. Young have had many years of experience in the capital markets.
Winmax is pleased to announce that it has verbally agreed, subject to the terms of written agreements to be submitted to the parties at a later date, to purchase a 25% interest in properties located approximately 65 kilometers to the east-northeast of the City of Prince Albert, Saskatchewan, Canada in return for certain cash consideration to be tendered by Winmax to the property owner. The properties are near the Fort a la Corne site currently being investigated by the Canadian exploration company, DeBeers Canada, for the presence of Kimberlites. Approximately one half of the property is located on agricultural lands that can be reached by a grid network of all-weather gravel roads. The closing date for purchase of the 25% interest in these properties has been set for July 1st, 2001. Subject to the terms of a final written agreement between Winmax and the owner of the property, the transaction is planned to close on July 1, 2001, with testing and exploration activity to follow thereafter.
Kimberlites are dark colored heavy rock formations containing diamonds and are named for the rock associated with diamonds in Kimberley, South Africa.
For Further information on this news release or on the Company, please contact:
Gerald E. Sklar, President and CEO
Telephone number: 1-888/533-4555
Email: info@winmaxtradinggroup.com
This release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur.
Contact:
Winmax Trading Group
Gerard Sklar, 888/533-4555
info@winmaxtradinggroup.com
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