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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play -- Ignore unavailable to you. Want to Upgrade?

To: Winzer who wrote (243)	4/3/2000 9:43:00 AM
From: rdww	Read Replies (1) \| Respond to of 343

NAR board reorganization, management appointments NAR Resources Ltd NRL Shares issued 7,838,202 Mar 31 close $2.20 Mon 3 Apr 2000 News Release Dr. Claus Bartak reports All outstanding legal matters relating to NAR Resources and Titanium Corporation of Canada have been settled. At the annual meeting, which took place on March 29, 2000, a new board of directors was elected. In order to pursue its growth strategy, NAR Resources has assembled an extremely strong management team. Each executive was chosen for his or her proven performance. They are responsible not only for the day-to-day operations of the company, but also for expanding and enhancing shareholder value. Together they offer shareholders a powerful blend of expertise and commitment in order to facilitate and expedite the development of the Shubenacadie titanium/iron mineral sands project. NAR Resources has appointed George Elliott to the position of chairman of the board. Mr. Elliott brings 30 years experience in the corporate financing field. While senior partner at the law firm of McCarthy Tetrault, Mr. Elliott created a non-bank lending division for that firm. Mr. Elliott recently retired to pursue various business opportunities and is a director of a number of Canadian companies and charitable organizations. Mr. Elliott presently serves as senior counsel at the law firm of Gowlings, Strathy & Henderson. Mr. Elliott is also executive vice-president of MCAP Financial which manages over $6-billion in mortgage investments for Canadian bank, trust and insurance companies. In addition, Mr. Elliott is chairman of the executive committee of the PLM Group, Canada's fourth largest commercial printer. Both of these corporations are currently listed on the Toronto Stock Exchange. Mr. Elliott obtained his LLB from Osgoode Hall in 1967. Dr. Claus G.J. Wagner Bartak has been appointed to the position of president. Dr. Bartak is an internationally renowned expert in advanced materials and technologies. The span of his experience reaches from scientific, technical, business development, and executive management of major multinational aerospace projects to the development of information technology systems and the founding of several successful business ventures. Various positions that Dr. Bartak has previously held include director, chief operating officer and CSO of Biosante from 1997 to 1999, and co-founder, president, and CEO of Structured Biological Inc. from 1987 to 1996. He was the vice-president, general manager for Spar Aerospace Limited from 1974 to 1983. Dr. Bartak is also an expert consultant and adviser to government and industry in frontier technologies, innovations and business systems since 1982. Elected to the board of directors is Ronald Arnold. He is the president and founder of Dalron Construction Limited, a building and development company located in Sudbury, Ont. Dalron is Sudbury's largest residential builder/developer and has received many awards for its work including the 1998 Ernest Assaly Award for Ontario builder of the year. This award is given to a large volume building company and is based on quality of construction and after-sale service. Dalron also won this award in 1991 making it the only company to win this prestigious award twice. Dalron has built many distinguished complexes over the years including the Algonquin Square Mall, White Rose Crafts and Nurseries and Meadowbrook Retirement Village. Also elected to the board of directors is William T. Welsh. Mr. Welsh is the president and director of Mississauga-based Megaloid Resins Limited, a company that he founded in 1998. This is a special purpose company established to manage the engineering, construction and operation of a process plant designed to produce a line of hydrocarbon resins in Sarnia, Ont. In addition, Mr. Welsh is director and president of Megaloid Laboratories, a company that he founded in 1981. Megaloid Laboratories is a sale and marketing company with a research laboratory geared toward the adhesive, sealant and coatings industry. Previously, from 1963 to 1972, Mr. Welsh was the technical director of Grow Chemical where he served as a research chemist. From 1972 to 1978, Mr. Welsh was president of the adhesive manufacturing company, Debwel Industries Limited. The new board of directors has successfully negotiated an extension on the working agreement with Titanium Corporation of Canada Ltd. The change of directors and officers is subject to regulatory approval. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com