Jet Gold (JAU-V) Oct 26, '16 will change its name to Deep-South Resources Inc. and will consolidate its common shares by a ratio of one new share for two old shares. The company will start trading under its new name and on a consolidated basis upon receipt of all applicable regulatory approvals.
On another matter, the board of directors has appointed John H. Akwenye as both a director and chairman of the board of directors. Mr. Akwenye is a retired Namibian lawyer with over 30 years of experience in business development in Namibia. From 1994 to 2008, he was chairman of Guinas Investments Pty. Ltd. a Swapo-owned investment company. He has also been chairman of the Namibian Airports Company from 2001 to 2004. He is a current director of Areva Resources Namibia, PE Minerals and Haib Minerals Pty. Ltd., as well as the chairman of Deep-South Mining Company Pty. Ltd.
Mr. Akwenye's appointment is conditional to the approval of the TSX Venture Exchange.
Tim Fernback, chief executive officer of Jet Gold, stated: "We are pleased with the nomination of John Akwenye. He brings a world of experience and broad contacts in both Namibia and the greater African continent. His vast experience in Namibia adds considerable value to our team."
About Jet Gold: Deep-South Resources Inc. is a Canadian company, actively involved
in the acquisition, exploration and development of major mineral properties in Namibia
and Canada. Deep-South growth strategy is to focus on the exploration and
development of quality assets, in significant mineralized trends, close to infrastructure, in
stable countries.
More information is available by contacting Tim Fernback at 604.340.3774 or at
info@jetgoldcorp.ca.
ON BEHALF OF JET GOLD CORP.
Tim Fernback
Director and CEO |
