VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 12, 2016) – DuSolo Fertilizers Inc. (TSX VENTURE:DSF) (“DuSolo” or “the Company”) is pleased to announce that it has appointed Mr. Giles Baynham as its Chief Executive Officer (“CEO”). Mr. Darren Bowden has resigned as interm CEO, but will remain with the Company as a Director.
Mr. Baynham is a mining engineer and financier with 19 years experience in the natural resources industry. He is experienced in the evaluation and financing of mining projects, from early stage exploration to production. He started his career as a mining engineer with Rio Tinto, before working at various financial entities including Mizuho Corporate Bank, NM Rothschild & Sons, and Endeavour Financial, and was a co-founder, Director and President of CB Gold Inc. Most recently he has served as a board member and Director of Corporate Development at Alexander Nubia Inc. (TSX VENTURE:AAN), which is developing a polymetallic deposit in Egypt.
“Mr. Baynham’s experience in financing mining projects make him a great addition to DuSolo’s management team, and he will be focused on executing the Company’s development plan,” said Eran Friedlander, Chairman. “We would also like to take this opportunity to thank Darren for his significant contibution over the last 6 months and are pleased that his experience and expertise will still be available to the Company in his role as a Director.”
DuSolo Fertilizers Inc. is focused on developing a fully integrated process to produce and sell phosphate based fertilizers within the Cerrado region of Brazil as part of a nationwide effort, incentivized by the government, to increase supply of domestically sourced fertilizers and achieve agricultural self-sufficiency.
On behalf of DuSolo Fertilizers Inc.,
Giles Baynham, Chief Executive Officer
Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
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