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ORN Orsa Ventures Corp.

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Orsa Ventures Corp. TSXV:ORN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Orsa Ventures Announces Change of Directors

20/09/2011 8:10pm

Marketwired Canada


Orsa Ventures Corp. ("Orsa" or the "Company") (TSX VENTURE:ORN) wishes to advise
that Mr. Robert Ferguson has resigned as a Director of the Company. The Board of
Directors of Orsa would like to thank Mr. Ferguson for his participation and
support throughout his tenure and wish him all the best in future endeavors.


Furthermore, the Company is also pleased to announce that Mr. Bruce Fair and Mr.
Ray Pruitt have been appointed to the Board of Directors. 


Mr. Fair is President and a Director of Mench Capital Corp., a financial
services and capital markets consulting company based in Vancouver, British
Columbia. Mench has participated in and/or originated the formation of over
$300M in private and public equity transactions. Mr. Fair is also a Senior Vice
President, Western Canada, for CadoBancorp Ltd., with nationally syndicated
financial products including the Maple Leaf Short Duration Flow-Through Share
Limited Partnerships and a Director of Maple Leaf 2011 Energy Income Limited
Partnership. Mr. Fair is also a Director of Cliffmont Resources Ltd. and a
Principal with Sky Energy Capital, specializing in the financing of renewable
energy projects. 


Mr. Fair was a co-founder and is the President and a Director of Cordilleran
Resources Management Group specializing in the formation, management and
administration of syndicated Super Flow-Through Share Limited Partnerships. He
was also a former Director of Richfield Ventures Corp., a junior gold mining
company in British Columbia which was acquired by New Gold Inc. through a plan
of arrangement valued at approximately $550 million. Mr. Fair holds a Bachelor
of Arts (Honours) from the University of Saskatchewan.


Mr. Pruitt currently practices law in Victoria, British Columbia. His experience
in mineral exploration encompasses a broad range of activities from involvement
in grassroots exploration programs personally staking claims to negotiating
mineral concessions in foreign jurisdictions. Mr. Pruitt's legal practice
included advising mineral exploration companies on regulatory compliance,
attending to requisite disclosure filings and reviewing/drafting various
industry specific agreements. 


Mr. Pruitt's career history includes time spent as a registered representative
with an options trading designation at a major Canadian brokerage firm. This
experience, when combined with his specialized knowledge in securities law gives
Mr. Pruitt an in-depth appreciation and understanding of the nuances of the
public securities markets and the investment banking/brokerage industry. His
advanced legal training, combined with over thirty years of legal and business
experience in a variety of entrepreneurial endeavors, provide Mr. Pruitt with
the solid foundation necessary to undertake the obligations of corporate
governance and provide sound commercial/legal advice. Mr. Pruitt holds a Masters
at Law degree from Osgoode Hall and is a member of both the Alberta and British
Columbia Law Societies.


Pursuant to their appointments, the Company has granted Mr. Fair and Mr. Pruitt
200,000 stock options each at a price of $0.16 per share.


In addition a further 800,000 stock options at a price of $0.16 were granted to
directors and officers of the Company in accordance with the policies of the TSX
Venture Exchange and the terms of the Company's Stock Option Plan.


About Orsa

Orsa Ventures Corp. is a junior company focused on the exploration for, and
development of, gold-silver-copper properties in the western United States.


On behalf of the Board of Directors,

Linda Thorstad, President and Chief Executive Officer

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements that are based on the
Company'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, and
include, without limitation, statements regarding the Company's plans with
respect to the closing of the Financing and the use of proceeds thereof. 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. 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 Company 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.


1 Year Orsa Ventures Corp. Chart

1 Year Orsa Ventures Corp. Chart

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1 Month Orsa Ventures Corp. Chart