
BioCarbon Solutions International Changes Name to NSU Resources Inc, Trades Under New Symbol, Welcomes New Chief Technology Officer
SAULT STE MARIE, Ontario, Jan. 30, 2012 /PRNewswire/ -- BioCarbon Solutions International Inc (formerly OTC.QC: BICS, now OTC.QC: NOST) announced today it has changed its name to NSU Resources Inc, to better reflect the development of the company's new business model, which entails the co-development of carbon resources with mineral resources. Particularly, the company has begun work on the co-development of rare earth elements, which are of significant interest to the renewable energy sector, among others.
Further, the company announced the full time appointment of Dr. Robert Williams as Chief Technology Officer. Dr. Williams (49) is a chemist with a PhD in biochemistry with 22 years experience in the isolation of rare molecules in the industrial sector. He has authored and co-authored 1 patent and 10 papers. He has worked in various capacities in private and public companies, including Avance Pharma. Dr. Williams is a Nova Scotia native with substantive contacts in the mining and industrial sectors.
NSU's CEO, Dr. Luc C Duchesne: "We welcome Dr. Williams to our team. Dr. Williams is extremely well suited to support the company's development of novel rare earth extraction processes to increase our competitiveness in the marketplace."
About NSU Resources Inc
The Company was created as a service company to evaluate and develop environmental opportunities for businesses and landowners looking to take advantage of the carbon economy and the renewable energy sector.
Information: [email protected]
Phone 1-877-238-3173
.QCSafe Harbor Statement
Sections of this press release contain forward-looking statements which reflect management's best judgment based on factors currently known but involve significant risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including but not limited to risks more fully described in the "Risk factors" section of the Company's Annual Report and other risks. Forward-looking information provided pursuant to the safe harbor established by recent securities legislation should be evaluated in the context of these factors.
SOURCE NSU Resources Inc; BioCarbon Solutions International
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