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ROX Canstar Resources Inc

0.035
0.005 (16.67%)
Last Updated: 20:21:39
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canstar Resources Inc TSXV:ROX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 16.67% 0.035 0.03 0.035 0.035 0.035 0.035 54,000 20:21:39

Canstar Resources Announces the Retirement of Harry J. Hodge and Appointment of Dennis H. Peterson as New Chairman of the Board

13/06/2013 1:00pm

Marketwired Canada


Canstar Resources Inc. (Canstar) (TSX VENTURE:ROX) announces the retirement of
Harry J. Hodge as Chairman and Director and the subsequent appointment of Dennis
H. Peterson as the new Chairman of Canstar's Board of Directors.


Mr. Hodge retired as Chairman of Canstar's Board of Directors and Mr. Peterson
was immediately appointed to replace him. Mr. Hodge will continue on as a valued
advisor to the Company.


Mr. Peterson has 20 years of experience as a corporate securities lawyer
specializing in corporate finance matters for small cap companies, and has
served as a director with a number of public companies, including Probe Mines
Limited. Dennis is a securities lawyer and the principal of Peterson Law
Professional Corporation, a Toronto-based securities law boutique focusing on
resource companies and has extensive experience with all aspects of prospectus
financings, private placements, mergers and acquisitions in the junior public
markets. Mr. Peterson holds a Bachelor of Commerce (Honours) degree from Queen's
University and a Bachelor of Laws degree from the University of Toronto.


Danniel Oosterman, President and CEO of Canstar, stated, "Harry has been an
integral part of Canstar since 2005 as a past president, director and Chairman
of the Company. His steady hand at the helm helped to guide the Company to
victory over the protracted legal battle fought over the Company's flagship Mary
March property located near the prolific, formerly producing Buchans Mine in
Central Newfoundland. His wisdom and keen sense of the industry will be missed.
On behalf of the Board, we wish to thank him for his many contributions and wish
him well in his retirement." 


"We would also like to welcome Dennis aboard as Canstar's new Chairman. His
corporate knowledge and experience will be instrumental in assisting the Company
as it embarks on a new phase of growth and development."


On behalf of myself and the Board of Directors,

Danniel J. Oosterman, P.Geo, President & CEO

Forward-Looking Statements 

This News Release includes certain "forward-looking statements". These
statements are based on information currently available to the Company and the
Company provides no assurance that actual results will meet management's
expectations. Forward-looking statements include estimates and statements that
describe the Company's future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to
occur. Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", or
"plan". Since forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of the Company's
mineral properties, and the Company's financial condition and prospects, could
differ materially from those currently anticipated in such statements for many
reasons such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered
in connection with the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to update
any forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canstar Resources Inc.
Danniel J. Oosterman, P. Geo.
President & CEO
doosterman@canstarresources.com


Canstar Resources Inc.
Karen Willoughby
Manager, Corporate Affairs
1-866-936-6766
kwilloughby@canstarresources.com
www.canstarresources.com

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