KELOWNA, BC, Aug. 31 /CNW/ - Georox Resources Inc. ("Georox" or "the Company ) (GXR:TSX-V; OF6A:FRA) announces that Mr. Wayne Fast has been appointed as Vice-President of Operations and Corporate Planning of the Company effective immediately. Mr Fast has over thirty five years of operations experience ranging from numerous full cycle multi well drilling programs to completion, construction and production programs as wells as coordination of multi-well optimization programs in Western Canada.
Mr Fast attended the University of Saskatchewan in the faculty of engineering and obtained his certification in Chemical Engineering in 1971. Between 2004 to 2008 Mr Fast was the Vice President of Operations at RSX Energy Inc. where his responsibilities included development, operations planning and capital budgeting.
Mr Fast is a welcome addition to the Company. His broad experience and knowledge of the many facets of oil and gas exploration, development, and management plus his business acumen will be an asset to the Company. Mr Fast will be granted 75,000 Options at $0.14. The appointment of Mr. Fast is subject to the approval of the TSX Venture Exchange.
The Company trades its common shares on the TSX Venture Exchange under the symbol GXR, and on the Frankfurt Stock Exchange under the symbol OF6A.
For further information you can visit the Company's website at: www.georoxresources.com or view the Company's records on SEDAR at: www.sedar.com
Cautionary Statement:
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein. This news release includes certain "forward looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.
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