TORONTO, CANADA: Thursday, November 1, 2012: SIKA Resources Inc. (“SIKA” or the “Company”) is pleased to announce the appointment of its board of directors. SIKA’s directors bring diverse expertise and longstanding experience in the mining industry and capital markets. They are professionals who are well poised to add value and assist in guiding the company to success. SIKA is currently a private company exclusively focused on gold in the world renowned Lake Victoria goldfields of Tanzania.
SIKA’s President and Chief Executive Officer reports: “We are very pleased to welcome the additional talent our new board appointees represent and to working with them to make SIKA a resounding success. Concurrently we are finalizing plans to get exploration work on our four gold properties underway. Our top priority is the Ntundu property, which ties onto the past-productive Jubilee Reef mine property, both adjacently and on strike. Jubilee Reef was Tanzania’s first producing gold mine, and both it and the surrounding area are the current focus of considerable interest given its excellent exploration potential.”
To view a map of the properties, please click this link.
SIKA’s board appointees are as follows:
David Unger, BSc, BEd (Independent, Non-Executive)
David Unger has over 25 years of international experience as a geologist, including field experience and geological due diligence for global corporate finance transactions. Mr. Unger has reviewed numerous feasibility studies, prepared and analyzed discounted cash flow models, and as a field geologist has been responsible for target identification and program generation.
With a BSc in Geology and a BEd in Science and Mathematics from the University of Toronto, Mr. Unger also brings solid field experience in Tanzania. Mr. Unger is currently a teacher of mathematics and physical geography at a high school in the Toronto District School Board.
Kim Harris, MA (Executive)
Kim Harris is the President, CEO, and founder of SIKA Resources, Inc. Ms. Harris has over 25 years of exploration experience in Africa, and a track record of proving resources. She is the founder and former CEO and Vice Chair of Midlands Minerals Corporation, a TSX Venture company. In addition to her exploration and public company experience, Kim Harris has an additional 10 years of international development experience with Ontario International Corporation, where she was Director of Africa.
Ms. Harris has a Master’s degree from the University of Toronto, postgraduate certificates in International Management from the School of Business at the University of Western Ontario, and the Management Program for Public Executives from the School of Business at Queen’s University, and a Bachelor’s degree from Simon Fraser University, which she earned after completing her A-levels at Canterbury Girls’ Grammar School in Kent, UK.
Ernest J. Royden (Independent, Non-Executive)
Mr. Royden is a specialist in corporate finance, with over 40 years of international experience, raising hundreds of millions of dollars for public companies. After attending McGill University, Mr. Royden had decades of additional experience leading institutional sales. He was a Director of Canadian General Investments and Chair of the Audit Committee from 1993 to 2001, and a Director of the Toronto Humane Society and Treasurer of the corporation from June 1997 until November 2001. Mr. Royden has worked with D & D Securities Company since 2000 (formerly Dominick and Dominick Securities Inc.).
Karl Schmed (Non-Executive)
Mr. Schmed is a founding Director of SIKA Resources Inc. A former Director and Audit Committee member of a TSX Venture company, Karl brings years of experience in public companies and African affairs. He played a key role in successful public company financings, with over $40 million of capital raised in a period of five years. Mr. Schmed owned, operated, and founded SQS Inc., an international leader in graphic arts, where he developed cutting edge software and generated millions in annual sales, later being bought by a global graphic arts company.
He is currently the President of a marketing consulting firm, and the longest serving board member of the Digital Imaging Association; an Ontario based nonprofit organization of which he is a founder. His education includes four years at the School of Arts and 2 years at the Juventus School of Business in Zürich, Switzerland.
Edward A. (Ted) Harris (Non-Executive)
Ted Harris has over 35 years of experience in the financial sector, including 25 years of experience as a portfolio manager for institutions and private clients. He has worked with companies including the Canada Life Assurance Company, Guaranty Trust, Dominion Securities, Royal Bank Investment Management Inc., and most recently McLean Budden Limited.
Ted Harris is currently a board member of numerous private companies, and a Director of Lewa Wildlife Conservancy, a non-profit organization focused on the preservation of wildlife in Kenya. Mr. Harris has a Bachelor of Arts degree from Simon Fraser University.
Key Management and Technical Team:
The Company has a highly qualified management and technical team, with public company experience as well as broad African experience. The management team has extensive experience in Tanzania covering a period of more than 25 years.
Kim F. Harris, MA – President and CEO
Avrom E. Howard, MSc, FGA, PGeo – Geological Consultant
Avrom E. Howard is a minerals exploration geologist with broad international experience encompassing several metallic, gemstone and industrial mineral commodities, geologic settings, cultural, and geographic regions. He has over two decades of experience across Africa and the Middle East alone, in addition to having worked across North America and points beyond. Mr. Howard also retains considerable corporate-financial experience at the executive level, as well, having founded and managed companies that were subsequently listed on the Canadian stock exchanges.
He obtained a Bachelor of Science degree in Geology from the University of Toronto in 1979, and a Master of Science Degree in Geology from the University of Colorado – Boulder in 1992. He is a Professional Geoscientist registered with the Association of Professional Geoscientists of Ontario, and a Qualified Person in accordance with the provisions of National Instrument 43-101. He is a Fellow of the Society of Economic Geologists. Mr. Howard is the founder of Nebu Consulting LLC, an independent geological consulting practice that provides a variety of research, analysis, fieldwork, project management and related services to the international minerals exploration and mining industry.
Paul E. Singer, CA – Chief Financial Officer
Mr. Singer has over 30 years of experience as a Chartered Accountant in private practice. He has 15 years of executive accounting experience in mining exploration. Paul Singer has been the CFO of SIKA Resources Inc. since its inception.
To view our corporate presentation, please click this link.
SIKA Resources Inc. is a Canadian gold explorer with four properties in the Lake Victoria Goldfields, Tanzania. SIKA has a superb team with extensive public company management experience and strong technical expertise in Tanzania and beyond. Tanzania is one of Africa’s most stable countries featuring a progressive, western-oriented political system and investor friendly business climate. It is Africa’s third largest gold producer with many prospective regions still underexplored.
SIKA’s gold projects are located in the Lake Victoria Goldfields, a world-class gold district with 60 plus million ounces of gold in reserves. Its flagship property, Ntundu, is located in the foothills of the Siga Hills, contiguous to the historical past gold producer Jubilee Reef. African Barrick’s 2.6+ million-ounce Buzwagi Mine is on trend and just 25 kilometres north of SIKA properties that are hosted in similar geology. All of SIKA’S properties are hosted within Archean rocks of the Lake Victoria Goldfields area and are cut by lineaments and structures similar to and in some cases on the same trend as those which host some of Tanzania’s largest gold deposits.
For further information, please contact:
Kim Harris President and CEO
CEO Direct Line: + 1 416 447 6882
Fax: + 1 416 447 9950