Vancouver, British Columbia (FSCwire) - Letho Resources Corp. (the
“Company”) announces that that Mr. Jason Leikam will succeed Mr. Goodwin as the Company’s new President and
Chief Executive Officer (“CEO”) effective May 22, 2018.
Mr. Leikam brings over 17 years’ experience in natural resources capital markets and management experience to
Letho. Mr. Leikam has been an independent director of the Company since March 13, 2018.
As a leading component of the Company’s development strategy, Letho Resources recently announced a Memorandum of
Understanding to acquire Anio Oil and Gas Sh.a., a private Albanian company that holds a license to the Ballsh-Hekal producing
oil field in Albania.
Quote from Dimitri Soudas, Chairman of Letho Resources Corp.
“Mr. Leikam will dedicate his focus on leading the Company through the completion of asset
acquisitions to deliver to shareholders an oil and gas production focused company with a production growth oriented asset base in
Albania. Jason’s leadership and resolve will ensure Letho’s growth and success during this critical phase.”
“On behalf of the Board of Directors, our partners and shareholders, we wish to thank Mr. Goodwin for his years
of service as CEO and President and express our appreciation for his contribution during the period of negotiation for asset
acquisition and transition. We look forward to his continued contribution as a Board member.”
Quote from Jason Leikam, President and CEO of Letho Resources Corp.
“I am ready to roll up my sleeves, get to work and bring to fruition the recent acquisition announcement of
Anio Oil & Gas Sh.a. We are a stronger and more resilient company, and I could not be more excited to take on this
role.”
Mr. Leikam’s focus has been in a corporate development and executive administrative capacity with development and
exploration companies. Mr. Leikam serves as a director (since 2013) of Metgas Industries Ltd., a private natural gas
technology company. He also serves as President and Director of Quantus Resources, a private mineral exploration company.
From 2007 to 2011, he was manager of Corporate Development for Silvermex Resources Ltd, which was subsequently acquired by
First Majestic Silver Corp in 2012, and Canabo Medical Inc. (formerly Auracle Resources Ltd.) from 2011 to 2016, a
company that was operating a Canadian, physician-led clinic network for medical cannabis. Mr. Goodwin will continue to serve as
an independent director on the Company’s Board of Directors.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
To learn more about us, please visit our website at: www.lethoresources.com
ON BEHALF OF THE BOARD OF DIRECTORS OF LETHO RESOURCES CORP.
Dimitris Soudas,
Chairman of the Board of Directors
For more information, please contact:
Dimitris Soudas
Website: www.lethoresources.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as
of the date of this news release. Such statements include the terms of the proposed private placement (including proposed use of
proceeds) and the terms of the proposed business combination with Anio. These statements reflect management’s current estimates,
beliefs, intentions and expectations and are not guarantees of future performance. Such statements are based upon certain
assumptions which Letho’s management believes to be reasonable, including assumptions relating to the availability of funds to
complete the private placement, the nature of Anio’s assets and the expected conditions to closing. Letho cautions that all
forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors,
many of which are beyond Letho’s control. Such factors include, among other things: risks and uncertainties relating to Letho’s
ability to complete the proposed private placement and satisfying the conditions to closing of the business combination
transaction, including the completion of satisfactory due diligence. Accordingly, actual and future events, conditions and
results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward
looking information. Except as required under applicable securities legislation, Letho undertakes no obligation to publicly
update or revise forward-looking information.
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.
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. THIS NEWS RELEASE
DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES IN THE UNITED STATES. THE
SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S.
SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS UNLESS
REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS
AVAILABLE. THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER OR SALE OF SECURITIES IN THE UNITED STATES.
To view the original release, please click here
Source: Letho Resources Corp. (TSX Venture:LET)
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