TORONTO, June 27, 2012 /PRNewswire/ - Pacific Coal Resources Ltd. (TSXV: PAK) has announced today that Patricia Herrera has been appointed the new Chief Financial Officer of the Company. Ms. Herrera replaces Miguel Velasquez, who has tendered his resignation as Chief Financial Officer of the Company.
Ms. Herrera has previously been retained by the Company as a financial consultant. She is a founding member of the firm Estudios y Consultorías S.A. and provides financial advisory services, diagnostics and financial projections, financial analysis, valuation services for companies and corporate support in obtaining financing and investor capital. She also has experience in providing regulatory advice in the electric, gas and liquid fuels sectors.
Luis Carvajales, Chief Executive Officer of Pacific Coal, said, "On behalf of the Company, I would like to extend our thanks to Mr. Velasquez and wish him all the best in his future endeavours. We are also excited to welcome Ms. Herrera to the Company".
About Pacific Coal Resources Ltd.
Pacific Coal Resources Ltd. is a Canadian-based mining company focused on coal, coking coal, asphalt and asphaltite exploration, development and production from prospective producing, development-stage and exploration-stage properties in Colombia. The Company has acquired or entered into agreements to acquire various interests in several operating coal mines and projects, representing a substantive coal and asphaltite exploration and production area throughout Colombia. Pacific Coal is committed to implementing its exploration and development strategy with a comprehensive environment, safety and community program, meeting international standards of best practice.
Forward Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Pacific Coal to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Pacific Coal disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Neither 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 news release.
SOURCE Pacific Coal Resources Ltd.