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VAL D'OR and MONTREAL, QC, Sept. 15 /CNW Telbec/ - Abitex Resources Inc. (TSXV: ABE) ("Abitex" or the "Company") is very pleased to announce the following changes to the board of directors following the acquisition of Central Uranium Corporation ("Central"). Mr Yves Rougerie, President and CEO and a director of the Company will assume the position of co-chairman of the board. Mr Francois Ruel, the past President and CEO of Central has been appointed to the board and will also assume the position of co-chairman.
Mr Robert C. Bryce, the founder and acting chairman of the board of the Company will resign from this position and remain on the board as a director. Mr John Sawarin has also resigned from the board and will continue with the Company in a consulting role. Mr Fred Burrows remains a director of the Company.
The Company wishes to thank Mssrs Bryce and Sawarin for their twelve years of service since its foundation. Their commitment and sustained efforts allowed the Company to survive through difficult times and brought it to this point in excellent financial condition. Mr Bryce will remain central to the Company's activities through his continued role as a director and also in his capacity as the senior technical consultant in the proposed fast-track mining development of the "L" uranium project.
Abitex Resources Inc. (TSX-V: ABE) is an exploration company based in Val d'Or, Quebec which has a diverse portfolio of exploration projects in Eastern Canada. The acquisition of Central Uranium Corporation and its assets fits into the Company's re-focusing of its exploration and development activities towards uranium. The Company has also signed an option and joint venture agreement with AREVA and SOQUEM to acquire a 50% interest in the "L" deposit in the Otish Mountains and an option to acquire the nearby Epsilon uranium property.
The technical information in this release has been reviewed by Yves Rougerie. P.Geo., President and CEO of Abitex. Mr Rougerie is a Qualified Person as defined by National Instrument 43-101.
On behalf of the Board of Directors:
Yves J. Rougerie, President & CEO and Director
The TSX Venture Exchange (TSX-V) does not accept responsibility for the
adequacy or accuracy of this release.
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