Trading Symbol: VLC: TSX
VANCOUVER, May 23 /CNW/ - Velocity Minerals Ltd. is pleased to announce the appointment of Mr. Edward (Kwoon Youb) Yoon to the board of directors and as Vice President of Business Development. Mr. Yoon brings with him a decade and a half of business experience involving mergers and acquisitions, but most importantly extensive experience importing and exporting metal resources, including molybdenum. In addition to having a Bachelor's degree in Metallurgucal Engineering and an MBA in Marketing, Mr. Yoon is also undertaking doctorate work in Venture Technology Management.
"We are very pleased to have Mr. Yoon join us" stated Mr. Kenneth R. Holmes, Chairman of Velocity Minerals Ltd. "He brings considerable energy and insight to everything he undertakes and our company will benefit greatly from his corporate experience and knowledge of international metal trading. Mr. Yoon has already demonstrated his commitment to the Company by contributing significantly to its recent financing."
Mr. Yoon responded by saying, "Korea is very much in need of commodities such as molybdenum and most Korean import companies that source molybdenum from China are having an increasingly difficult time doing so. Moly is becoming expensive and more difficult to obtain. I am pleased to be part of a well-financed company that has the ability to secure this and other commodities while they are still in the ground."
Velocity Minerals Ltd. is a company dedicated to the acquisition and development of advanced or high-grade molybdenum mineral properties. Velocity presently owns the mineral rights to two molybdenum projects in northern British Columbia (Mt. Haskin and Cassiar Moly) and is actively pursuing other properties in North America and internationally.
The TSX has neither approved nor disapproved of the information contained
herein.