VANCOUVER, Aug. 20, 2014 /CNW/ - Lakeland Resources
Inc. (TSXV: LK) (FSE: 6LL) (OTCQX: LRESF) (the "Company" or
"Lakeland") is pleased to welcome Mr. Steven Khan as a new member of the Company's
Board of Directors.
Mr. Steven Khan currently sits on
the board of a number of private and public companies, as well as
holding executive management positions. Until recently, he served
as a Director of Energy Fuels Inc (TSX:EFR, NYSE:UUUU), a current
uranium producer. Previously he was President, Chairman and
Director of Strathmore Minerals Corp. (TSX:STM) until
August 2013, when Strathmore was acquired by Energy Fuels.
Prior, as Strathmore's Executive
Vice-President, he was an instrumental part of the team that
negotiated Strathmore's
Roca Honda Joint Venture with
Sumitomo Corp of Japan in 2007.
Mr. Khan was also part of the founding group of Fission Energy
Corp. (TSXV: FIS), as Executive Vice President. He was part of the
team that brought Korea Electric Power Corp (KEPCO) to Fission,
whose joint venture led to the discovery of the Waterbury Lake
uranium orebody, and subsequently brought KEPCO to another joint
venture with Strathmore Minerals.
Prior to 2003, Mr. Khan spent close to twenty years in
senior management positions in all aspects of the Canadian
investment industry, including retail, institutional sales,
corporate finance, capital markets, and investment banking. In
2003, he started his own consulting firm that focuses on corporate
development and capital fund raising for early stage private and
public companies. In recent years, Mr. Khan has successfully
completed numerous joint ventures, including corporate and
government partnered ventures in Canada, United
States, Japan, China, and Korea. A graduate of the
University of British Columbia with a
BSc. (1978) and MBA (1983), Mr. Khan also holds a Chartered
Financial Analyst designation (CFA), and is a member of the CFA
Institute.
"Lakeland is pleased to welcome Mr. Khan to our team,"
stated Jonathan Armes, President and
CEO. "Mr. Khan's vast experience will add significant depth to the
board. We look forward to his contributions and leadership as we
continue to establish ourselves as a significant presence in the
Athabasca Basin."
Mr. Khan replaces Mr. Ryan
Fletcher who has resigned as Director to make room for the
appointment. The Board wishes to thank Mr. Fletcher for his service
to the Company.
About Lakeland Resources Inc.
Lakeland Resources Inc. is a pure play uranium exploration
company focused on the Athabasca
Basin in Saskatchewan, Canada;
home to some of the world's largest and richest high-grade uranium
deposits.
On Behalf of the Board of Directors
LAKELAND RESOURCES INC.
"Jonathan Armes"
Jonathan Armes
President, CEO and Director
Cell: 416.708.0243
Ph: 604.681.1568
TF: 1.877.377.6222
Email: jarmes@lakelandresources.com
Web: http://www.lakelandresources.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Statements in this document which are not purely historical are
forward-looking statements, including any statements regarding
beliefs, plans, expectations or intentions regarding the
future.
It is important to note that actual outcomes and the Company's
actual results could differ materially from those in such
forward-looking statements. Risks and uncertainties include
economic, competitive, governmental, environmental and
technological factors that may affect the Company's operations,
markets, products and prices. Factors that could cause actual
results to differ materially may include misinterpretation of data;
that we may not be able to get equipment or labour as we need it;
that we may not be able to raise sufficient funds to complete our
intended exploration and development; that our applications to
drill may be denied; that weather, logistical problems or hazards
may prevent us from exploration; that equipment may not work as
well as expected; that analysis of data may not be possible
accurately and at depth; that results which we or others have found
in any particular location are not necessarily indicative of larger
areas of our properties; that we may not complete environmental
programs in a timely manner or at all; that market prices may not
justify commercial production costs; and that despite encouraging
data there may be no commercially exploitable mineralization on our
properties.
SOURCE Lakeland Resources Inc.