Business
Tarku Resources Concludes Transaction with Eureka Exploration; Announces Change in Management
SASKATOON, SASKATCHEWAN--(Marketwired - June 1, 2017) - Tarku Resources Ltd. (TSX VENTURE:TKU) (the "Company" or "Tarku") announces that, following reception of
About this update from Tarku Resources Ltd
[{"type":"text","content":"SASKATOON, SASKATCHEWAN--(Marketwired - June 1, 2017) - Tarku Resources Ltd. (TSX VENTURE:TKU) (the \"Company\" or \"Tarku\") announces that, following reception of the approval of the TSX Venture Exchange, it has completed the acquisition of all the issued and outstanding shares of Eureka Exploration Inc. (\"Eureka\"), which shall become a wholly-owned subsidiary of Tarku.. Eureka assets encompass 5 well-positioned exploration properties near Chibougamau and Matagami in Northern Abitibi, Québec and aggregates 285 claims or 15,454 ha. along regional gold bearing trends. This acquisition shall significantly increase Tarku's land position in Québec. Since the April 25th press release, 11 pending claims were granted by the Ministère de l'Énergie et des Ressources naturelles of Québec and are integrated into the transaction. As previously announced, changes in directorship and management are being made to reflect the new vision of Tarku. Effective immediately, Julien Davy will be stepping in as the new president and a director of the Company and Benoit Lafrance will act as exploration manager and a director of the Company while Sylvain Laberge will remain as CEO and Jeff Sheppard will remain CFO of the Company. The management would like to thank Bernie Kennedy and Tom McNeill, who both handed in their resignation, for their contribution as directors and founders of the Company. Mr. Kennedy shall remain on the advisory board. Julien Davy began his career as an exploration geologist in the summer of 1996. Since then, he has assessed numerous projects at the exploration or more advanced stages in Canada and abroad, and has been involved in the acquisition and mining investment aspects. Julien has a Master's from Université du Québec à Montréal and a MBA from HEC in Montréal. He has held the position of President at Stria Lithium and Senior Exploration Geologist at Osisko Mining Corporation, and was an investment consultant for SIDEX s.e.c. of Montréal. Julien also worked for NioGold Mining Corporation in Val-d'Or, Hecla Mining in Venezuela, Cambior Exploration, Anglo-American Exploration and the Ministry of Natural Resources of Québec. Benoit Lafrance, who holds a PhD in Mineral Resources from the Université du Québec à Chicoutimi and has more than 20 years' experience, shall also be joining the Board. During his career, Benoit worked ...