Jet Gold changes its name to Deep-South Resources Inc, consolidate shares and appoints John Akwenye as chairman
Vancouver, B.C., Canada – October 26, 2016 – Jet Gold Corp. ("Jet Gold" or “the Company") (TSX-V: JAU) announces that it will change its name to “Deep-South Resources Inc”. and will consolidate its common shares by a ratio of 2 old shares for 1 new share. The Company will start trading under its new name and on a consolidated basis upon receipt of all applicable regulatory approvals.
On another matter, the Board of Directors has appointed John H. Akwenye as both Director and Chairman of the Board of Directors. Mr. Akwenye is a Namibian retired lawyer with over 30 years of experience in business development in Namibia. From 1994 to 2008, he was Chairman of Guinas Investments (PTY) Ltd a Swapo-owned investment company. He has also been Chairman of the Namibian Airports Company from 2001 to 2004. He is a current Director of Areva Resources Namibia, PE Minerals and and Haib Minerals (PTY) Ltd. as well as the Chairman of Deep-South Mining Company (PTY) Ltd. Mr. Akwenye’s appointment is conditional to the approval of the TSX Venture Exchange.
Mr. Tim Fernback, CEO of Jet Gold, stated, “We are pleased with the nomination of John Akwenye. He brings a world of experience and broad contacts in both Namibia and the greater African continent. His vast experience in Namibia adds considerable value to our team.”
About Jet Gold
Deep-South Resources Inc. is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia and Canada. Deep-South growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in stable countries.
This press release contains certain "forward-looking statements," as identified in the Jet Gold’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Neither the 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.
More information is available by contacting
ON BEHALF OF JET GOLD CORP.
Director and CEO