Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, November 24, 2009
Mon, November 23, 2009 
TORONTO, ONTARIO--(Marketwire - Nov. 23, 2009) - The Board of Directors of Aquila Resources Inc. (TSX:AQA)(FRANKFURT:JM4A) is pleased to announce that Mr. Alan Hair has been nominated to the Board of Directors of the Company. Mr. Hair is the nominee of HudBay Minerals Inc. to the Aquila Board of Directors under the terms of the Subscription, Option and Joint Venture Agreement dated August 6, 2009, replacing the appointment noted in the Aquila press release of September 28, 2009. HudBay currently owns a 14.9% undiluted equity interest in Aquila.
Mr. Hair is currently Senior Vice President, Development with HudBay Minerals Inc.
Mr. Hair joined HudBay in 1996 and held various senior operational management roles before assuming his current position in 2008. Mr. Hair worked in both the European and African mining and metals industry prior to joining HudBay. Mr. Hair graduated from the University of Leeds, England in 1983 with a Bachelor of Science Honours degree in Mineral Engineering.
Aquila Chairman, Peter M.D. Bradshaw, commented that "We are pleased to have Alan Hair bring his considerable expertise to the Aquila Board. We look forward to furthering our business relationship with HudBay focused on fast tracking the development of the Back Forty Project."
HudBay Vice Chairman, Warren Holmes, remarked that "HudBay is pleased to have Mr. Alan Hair join the Aquila Board as our representative. HudBay looks forward to continuing the aggressive timeline to bring the Back Forty Project into production."
The Back Forty Project is an advanced stage exploration project focused on a volcanogenic massive sulfide (VMS) project containing zinc, gold, copper and silver, located in Menominee County, Michigan. More information about Aquila and the Back Forty Project can be found on the Company's website at [ www.aquilaresources.com ]
Thomas O. Quigley is the Qualified Person for Aquila as described in National Instrument 43-101 responsible for the contents of this release.
This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" 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" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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