VANCOUVER,
Nov. 22, 2012 /CNW/ - Quartz Mountain
Resources Ltd. ("Quartz Mountain" or the "Company") (TSX-V:
QZM; OTC: QZMRF) announces that Scott
Cousens has been appointed to the Company's Board of
Directors, effective immediately. Mr. Cousens has also been
appointed as Chairman of the Board, replacing Robert Dickinson who is stepping down as
Chairman but who will remain on the Board as a director.
Scott Cousens is
a mining executive who has over 20 years of industry experience.
His focus over the years has been on the development of
relationships within the international investment community.
Through substantial financings and subsequent corporate success, he
has established strong ties with North American, European and
Middle Eastern investors. Mr. Cousens is also the Director of
Capital Finance for Hunter Dickinson Inc. (HDI) where he directs
financing and investor relations for a number of publicly traded
companies associated with HDI.
"The nomination of Scott Cousens as a Director and as Chairman will
add a high level of expertise to Quartz Mountain's Board. His
in-depth knowledge and significant experience, particularly in
capital finance, will be great assets as we advance our BC-based
projects", said Ron Thiessen,
President and CEO. "Furthermore, I would like to take this
opportunity on behalf of the Board to thank Bob Dickinson for his leadership during his
tenure as Chairman of the Board."
About Quartz Mountain Resources Ltd.
Quartz Mountain Resources Ltd. is a Vancouver-based exploration company focused on
making a major new deposit discovery in British Columbia. Quartz Mountain is
associated with Hunter Dickinson Inc. (HDI), a diversified, global
mining group with more than 25 years of mineral development
success.
On behalf of the Board of Directors
Ron Thiessen
President and CEO
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.
This release includes certain statements that
may be deemed "forward-looking statements". All statements in this
release, other than statements of historical facts that address
exploration drilling, exploitation activities and other related
events or developments are forward-looking statements. Although
Quartz Mountain believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the
forward looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, potential environmental issues or
liabilities associated with exploration, development and mining
activities, exploration and exploitation successes, continuity of
mineralization, uncertainties related to the ability to obtain
necessary regulatory approvals, permits, licenses and title and
delays due to third party opposition, changes in and the effect of
government policies regarding mining and natural resource
exploration and exploitation, continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
For more information, investors should review Quartz Mountain's
annual Form 20-F filing with the United States Securities and
Exchange Commission at www.sec.gov and its home jurisdiction
filings that are available at www.sedar.com.
SOURCE Quartz Mountain Resources Ltd.