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This release contains forward looking statements. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties including, without limitation, variations in estimated costs, the failure to discover or recover economic grades of minerals, and the inability to raise the funds necessary, changes in external market factors including commodity prices, and other risks and uncertainties. Actual results could differ materially from the results referred to in the forward-looking statements.
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November 21, 2012
Erin Ventures Inc. (TSX-Venture: EV) is pleased to welcome Mr. Paolo Bonini to its Board of Directors. Mr. Bonini is an economist and business professional with 18 years experience in the boron industry.
Mr. Bonini has successfully served on the management team of SocietĂ Chimica Larderello S.p.A. ("SCL") since 1994. He joined SCL as the Chief Financial Officer before being promoted to General Manager in 1999, and ultimately the Chief Executive Officer in 2001, the position he continues to hold. Under Mr. Bonini's direction SCL has continued to grow and prosper, with EBITDA increasing by +100% during the past five years.
Mr. Bonini's experience and training will be of great benefit to Erin, as SCL has been a leader in the boron industry since 1818 (making it the world's oldest producer of boric acid). SCL is the only European producer of boron products, engaged in the production and marketing of specialty boric derivative products with applications that include the nuclear, electronic, chemical, and pharmaceutical sectors. Under Mr. Bonini's leadership, SCL has achieved worldwide sales, distributing its products in more than 50 countries.
"I am excited to have Paolo join Erin's team" said Tim Daniels, President of Erin. "Paolo's business acumen and expertise in the development, production and marketing of borates will be invaluable to us."
Mr. Bonini will also serve on Erin’s audit committee. This appointment is subject to TSX approval.
Mr. Bonini replaces Dr. Dragosavljevic on the Board, whose application for TSX approval has been withdrawn. Dr. Dragosavljevic has resigned as the result of a ruling by the Serbian authorities which prohibits him from having a business relationship with Erin for a two year period after leaving his government position.
For further information, please contact:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
www.erinventures.com
Erin's Public Quotations:
Canada
TSX Venture: EV
USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
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.
Forward Looking Statements
This release contains forward looking statements. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties including, without limitation, variations in estimated costs, the failure to discover or recover economic grades of minerals, and the inability to raise the funds necessary, changes in external market factors including commodity prices, and other risks and uncertainties. Actual results could differ materially from the results referred to in the forward-looking statements.
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