A Retirement From & Appointment to the Board of Directors
Vancouver, BC, May 14, 2015 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX) announces a retirement from its board of directors as well as the appointment of a new director.
Mr. Ash Katey has retired from the Board in order to pursue his wish to travel more extensively and spend a greater portion of his time with his family abroad. He has advised the Board that he will continue to provide advice to the Company in financial matters. Management wishes to thank Mr. Katey for his valuable contribution and extend him our best wishes.
Newlox welcomes David C. Carkeek to its Board of Directors. Dave’s foundations were set in the late 80’s as a Senior Program Consultant to the Ontario Hospital Association (OSA) where he managed a $10 million annual provincial fund to encourage hospitals and health care facilities to introduce and establish management systems, processes, and procedures that would lead to more cost effective use of resources.
Dave went on to become a retailer for Shell Canada where he operated a number of Shell gas stations and convenience stores. He co-founded the Bojangles Café, which he grew into a business with 6 successful locations with a combined annual turnover exceeding $5 million. Dave is a Director at Aydon Income Properties Inc.; a real estate investment & development company. Aydon is listed on the Canadian Securities Exchange under the symbol AYD.
About Newlox Gold Ventures Corp.
Newlox Gold Ventures Corp. is an environmentally and socially responsible company pursuing precious metal related business opportunities in Latin America. The Company is working in collaboration with the Norman B. Keevil Institute of Mining Engineering at the University of British Columbia and with its experienced team in Central America it has established a waste remediation and gold recovery operation. Newlox, is applying innovative processing technologies to historical tailings dumps to achieve precious metals extraction and soil remediation.
Newlox does not own properties and does not have reserves or resources in accordance with NI 43-101. It is not an exploration or mining company. It provides a valuable service to local stakeholders where there exist a large number of historical waste dumps (tailings), which pose social and environmental risks. Newlox is addressing this problem by reprocessing these materials to recover remaining values of minerals while cleaning up the environment.
The longer-term objective of Newlox Gold Ventures Corp. is to establish a dividend paying enterprise, which will allow its shareholders to participate in equity value growth, share in profits, and contribute to environmental clean up while setting a high standard of social responsibility.
On Behalf of the Board, Newlox Gold Ventures Corp.
Neither the Canadian Securities Exchange nor it Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements – Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company’s control. The Company is not a mining or mineral exploration company and therefore holds no resources or reserves as defined by NI 43-101 nor does it carry on any mineral exploration or hold exploitation properties. The Company develops processes for economically viable waste remediation and therefore makes no claims in regard to tonnage or grade of feed material.
For a PDF file of this news release, click here.