OAKVILLE, ONTARIO -- (Marketwired) -- 06/13/13 -- Torch River Resources Ltd. (TSX VENTURE: TCR)(FRANKFURT: WNF)(PINKSHEETS: TORVF) ("Torch" or the "Company") with reference to the press release dated May 21, 2013 is pleased to announce that agreement to acquire the past producing Walker lump graphite mine is now binding, but remains subject to the approval of the TSX Venture Exchange.
Torch wishes to announce that it has rescheduled its annual general and special meeting of shareholders which will now be held on July 31, 2013 in Calgary, Alberta.
Torch is also is pleased to announce that the Company has launched their newly re-designed website www.torchriver.ca and the appointment of three new executives.
Torch's new website has been designed to provide the ultimate user-friendly experience with improved navigation and functionality throughout. The site renders current and detailed content about the company and their value proposition to the market for current and potential customers, investors and industry partners. Effective communication is important to Torch and this newly designed site is a significant step to communicate the brand and capabilities of Torch.
Paul Ogilvie, CEO and Chairman commented, "The new website is just the first step to better position the company, we will be building on the content over the next few months with the hopes that the end result will be a very comprehensive and informative graphite website."
Torch also announces today three new senior management executives to the team. Paul Ogilvie, CEO and Chairman, commented, "The new executives are well seasoned in the graphite business, and bring years of experience, and will help the company realize its goals, and build a customer centric company."
Newly appointed Chief Operating Officer
Paul Cooper, Chief Operating Officer
Mr. Cooper brings 30 years of experience in operational and financial management in both the private and public sectors. Mr. Cooper has senior leadership experience in industrial minerals and precious metals mining including the role of COO of Industrial Minerals Inc. a publicly traded OTC-BB company that is today Northern Graphite. Following this from 2009 to 2012 Mr. Cooper was the Chief Operating Officer and Director of Trueclaim Exploration, a publicly traded company with gold and silver properties in Northern Ontario and Arizona.
Newly appointed Sales, Marketing and Product Development
Mark Burack, Vice President, Business Development
Mr. Burack has had 20+ years of business experience managing client and business development for a number of technology companies including IBM Corporation, EMC Corp., SHL SystemHouse, GE Capital, and Puredata Corp., both in the US and Canada. Mr. Burack's more personal style, track record in developing mutually beneficial business partnerships and years of experience delivering superior business cases/cost justification make him an excellent asset within Torch River.
Peter Smith, Vice President, Sales and Marketing
Mr. Smith comes to Torch with over 25 years of success in a variety of global sales roles including Director of Sales and Marketing at Canada Carbon and Leader of Business Development at Mega Graphite Inc. Mr. Smith used his experience with all levels of industries to establish a high level sales database of graphite consumers.
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