Erin Ventures Inc. [TSX-V: EV] has appointed Mr. Dusan Podunavac to its technical team in Serbia. Mr. Podunavac will act both in the capacity of Project Manager at Erin’s Piskanja boron project, as well joining Erin’s Technical Advisory Board.
As Project Manager, Mr. Podunavac will be responsible for the oversight of all aspects of the work program at Piskanja to help ensure that its development continues to be consistent with Erin’s corporate goal of developing Piskanja to the highest of international standards in an efficient, cost effective and timely manner. Mr. Podunavac has extensive experience in key technical and management positions covering all phases of a mine life-cycle, making him well suited to the role of Project Manager at Piskanja. In conjunction with his appointment, Mr. Podunavac has been granted options to purchase 100,000 shares at $0.10 per share, with a term of five years.
Dusan Podunavac, P. Geologist
Mr. Podunavac served as Technical Director of the Geological Institute of Serbia since 2006. Mr. Podunavac’s expertise and duties at the Geological Institute included: management of the geological and engineering divisions within the Institute, with coordination and supervision of technical teams of up to 250 professionals; team leader on mining feasibility studies; cash flow analysis; international project-specific financing; project management; mine planning, construction and remediation supervision; environmental engineering; and, evaluation of mining operations, companies and mining policies on behalf of international governments. From 1993 to 2006, Mr. Podunavac held the position of General Manager, Geological Survey of Serbia where he was responsible for geological, mineralogical, metallurgical and technical studies for several industrial mineral resources.
Erin’s outgoing Project Manager, Jim Wallis, will remain an integral member of Erin’s technical team. Mr. Wallis will consult to Erin regarding mine planning and development at Piskanja.
Additionally, Erin has retained the services of Naughty Capital Ltd. for a one year term. Naughty Capital primarily will help identify and facilitate financing opportunities for Erin, advise Erin with respect to the structure, timing and nature of equity and debt financings in conjunction with the Corporation’s financial needs, and assist Erin in sourcing and/or vetting potential strategic alliances, mergers, and corporate acquisitions, amongst other duties. Erin has granted Naughty Capital options to purchase 300,000 common shares at a price of $0.10 per share, for the term of the engagement.
On behalf of the Board of Directors,
Blake Fallis, CFO
For further information, please contact:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
645 Fort Street, Suite 203
Victoria, BC V8W 1G2
Erin’s Public Quotations:
TSX Venture: EV
SEC 12G3-2(B) #82-4432
Berlin Stock Exchange: EKV
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.
Forward Looking Statements
This release contains forward looking statements. The words “believe,” “expect,” “feel,” “plan,” “anticipate,” “project,” “could,” “should” and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties including, without limitation, variations in estimated costs, the failure to discover or recover economic grades of minerals, and the inability to raise the funds necessary, changes in external market factors including commodity prices, and other risks and uncertainties. Actual results could differ materially from the results referred to in the forward-looking statements.