European Uranium Appoints New Director
March 12 2014 - 7:00AM
Business Wire
European Uranium Resources, Ltd. (EUU: TSX-V; EUUNF: OTCQX;
TGPN: Frankfurt) (the “Corporation”) is pleased to announce that
Mr. David (“Sam”) Hutchins has been appointed to the Board of
Directors.
Mr. Hutchins has 30 years’ experience as a resources analyst and
fund manager. Currently, he is a principal and investment manager
for RDP Fund Management LLP (“RDP”) in London. RDP intends to focus
exclusively on a single fund called 'Global Resources Investment
Trust' (“GRIT”). GRIT owns 19.3% of the common shares of EUU.
Mr. Hutchins’ career began with the Melbourne Stock Exchange in
1979 and he subsequently became an executive director of M&G
Investment Management in London. He headed the International Desk
at M&G Investment Management from 1995, where he was
concurrently responsible for M&G’s investments in the precious
metals and commodities sector globally. He left M&G Investment
Management in December 1996 and was involved in fund management at
Yorkton Securities and acted as a consultant at AWI Administration
Services in Australia. He was a founding director of Resources
Investment Trust plc at its launch in January 2002 and chief
executive of Ocean Resources Capital Holdings plc which was
admitted to the AIM Market of the London Stock Exchange from 2003
to 2007. He was a founding partner in www.minesite.com, a resource
industry specific news-related website and conference business and
is a member of the FTSE Gold Mines Index Committee.
About European Uranium Resources
Ltd.
European Uranium Resources Ltd. is a dedicated European uranium
exploration and development company that has built a portfolio of
outstanding projects in Slovakia. European Uranium is well placed
to become the key uranium exploration and development company in
Europe. Europe is the world’s largest per capita consumer of
uranium with 160 reactors and more under construction or planned,
but with only one currently operating uranium mine. A 43-101
prefeasibility study completed by Tetra Tech, Inc. indicates that
Kuriskova could be built and operated using Best Available
Technology for environmental protection and still have among the
lowest production costs per pound of uranium in the world. European
Uranium has a strong base of supportive shareholders including
AREVA, ranked first in the global nuclear power industry and a key
player in uranium mining and nuclear operations on a world-wide
basis.
EUROPEAN URANIUM RESOURCES LTD.
"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEOFor further
information please contact: Dorian (Dusty) Nicol, at (604)
536-2711, or visit www.euresources.com.
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.
Cautionary Statement:
This news release contains forward-looking statements that are
based on the Corporation's current expectations and estimates.
Forward-looking statements are frequently characterized by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans to
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Corporation
disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or
results or otherwise. Forward-looking statements are not guarantees
of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.
European Uranium Resources, Ltd.Dorian L. (Dusty) Nicol,
604-536-2711President and CEO
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