DynaResource, Inc. Appoints Mr. David S. Hall, CPA to the Position of Executive Vice-President and Chief Financial Officer
29 Janeiro 2014 - 10:00AM
Marketwired
DynaResource, Inc. Appoints Mr. David S. Hall, CPA to the Position
of Executive Vice-President and Chief Financial Officer
IRVING, TX--(Marketwired - Jan 29, 2014) - DynaResource,
Inc. (OTCQB: DYNR) "DynaUSA" and the "Company" announce the
appointment of Mr. David S. Hall, CPA to the position of Executive
Vice-President and Chief Financial Officer of DynaUSA. Mr.
Hall was formerly the owner and CEO of the Hall Group CPA's, a
certified public accounting and auditing firm in Dallas, Texas,
which served as the public auditing firm for DynaUSA since 2004. In
order to accept the appointment with DynaUSA, Mr. Hall has resigned
from and has disassociated himself from the Hall Group firm. In
addition, Mr. Hall has contributed the sum of $250,000 USD to
DynaUSA as a subscriber to the Company's Series B preferred share
offering to shareholders and associates. Mr. Hall's appointment as
Vice President-CFO is expected to commence April 1, 2014.
Mr. Charles E. Smith, current CFO of DynaUSA, will remain with
the Company as corporate secretary, and a member of the Company's
Board of Directors.
Mr. K.D. Diepholz, Chairman-CEO of DynaUSA said: "I am pleased
to announce the appointment of Mr. Hall to this important position
with our Company. Dave's previous experience working with the
Company as CEO of the Auditing Firm will enable him to make a
seamless transition into the Company as CFO. I am looking
forward to working with Dave as Company management continues to
work diligently to build the DynaResource enterprise".
Mr. Hall said: "As an outside Public Auditor with over thirty
years experience in accounting, I have been afforded an in-depth
view of numerous businesses, organizations and management teams.
With that said, I am more excited today than at any time in my
career to have the opportunity to join the management team of
DynaResource, Inc. Mr. Diepholz has assembled a dynamic team
of professional executives and principled individuals which I am
proud to join. And, I see an opportunity for substantial growth
within DynaUSA and its subsidiaries for which I am excited and
highly motivated to participate. I look forward to working
with Mr. Diepholz and his team, and I expect to contribute in every
way possible in order to assist the Company to realize its
goals. I thank Mr. Diepholz for his confidence and for
providing this opportunity to me to join DynaUSA."
DynaResource Management Team
In a prior news release dated May 15, 2013, the Company
announced: (1) the promotion of Dr. Jose Vargas Lugo to the
position of President of México Operations; and, (2) the
appointment of Mr. Keith W. Brogoitti to the position of
Vice-President of México Operations.
In a prior news release dated September 19, 2013, DynaUSA
announced the appointment of Mr. Chad Mooney to the position of
Executive Vice President-Capital Markets.
On behalf of the Board of Directors
of DynaUSA, K.D. DIEPHOLZ; DynaResource, Inc; Chairman and CEO
IMPORTANT CAUTIONARY NOTE REGARDING CANADIAN DISCLOSURE
STANDARDS
The Company is an "OTC Reporting Issuer" as that term is defined
in BC Instrument 51-509, Issuers Quoted in the U.S.
Over-the-Counter Markets, promulgated by the British Columbia
Securities Commission. Accordingly, certain disclosure in this news
release or other disclosure provided by the Company has been
prepared in accordance with the requirements of securities laws in
effect in Canada, which differ from the requirements of United
States securities laws. In Canada, an issuer is required to provide
technical information with respect to mineralization, including
reserves and resources, if any, on its mineral exploration
properties in accordance with Canadian requirements, which differ
significantly from the requirements of the United States Securities
and Exchange Commission (the "SEC") applicable to registration
statements and reports filed by United States companies pursuant to
the Securities Act of 1933, as amended, or the Securities Exchange
Act of 1934, as amended. As such, information contained in this
news release or other disclosure provided by the Company concerning
descriptions of mineralization under Canadian standards may not be
comparable to similar information made public by United States
companies subject to the reporting and disclosure requirements of
the SEC and not subject to Canadian securities legislation. This
news release or other disclosure provided by the Company may use
the terms "measured mineral resources", "indicated mineral
resources" and "inferred mineral resources". While these terms are
recognized and required by Canadian regulations (under National
Instrument 43-101, Standards of Disclosure for Mineral
Projects), the SEC does not recognize them. United States
investors are cautioned not to assume that any part or all of the
mineral deposits in these categories will ever be converted to
reserves. In addition, "inferred mineral resources" have a great
amount of uncertainty as to their existence and economic and legal
feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher
category. Under Canadian securities legislation, estimates of
inferred mineral resources may not form the basis of feasibility or
pre-feasibility studies, although they may form, in certain
circumstances, the basis of a "preliminary economic assessment" as
that term is defined in National Instrument 43-101, Standards
of Disclosure for Mineral Projects. U.S. investors are
cautioned not to assume that part or all of an inferred mineral
resource exists, or is economically or legally mineable.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This News release contains forward-looking statements within
the meaning of Section 27 A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934.
Certain information contained in this news release,
including any information relating to future financial or operating
performance may be deemed "forward-looking". All statements in this
news release, other than statements of historical fact, that
address events or developments that DynaResource expects to occur,
are "forward-looking information". These statements relate to
future events or future performance and reflect the Company's
expectations regarding the future growth, results of operations,
business prospects and opportunities of DynaResource. These
forward-looking statements reflect the Company's current internal
projections, expectations or beliefs and are based on information
currently available to DynaResource. In some cases
forward-looking information can be identified by terminology such
as "may", "will", "should", "expect", "intend", "plan",
"anticipate", "believe", "estimate", "projects", "potential",
"scheduled", "forecast", "budget" or the negative of those terms or
other comparable terminology. Certain assumptions have been
made regarding the Company's plans at the San Jose de Gracia
property. Many of these assumptions are based on factors and events
that are not within the control of DynaResource and there is no
assurance they will prove to be correct. Such factors include,
without limitation: capital requirements, fluctuations in the
international currency markets and in the rates of exchange of the
currencies of the United States and México; price volatility in the
spot and forward markets for commodities; discrepancies between
actual and estimated production, between actual and estimated
reserves and resources and between actual and estimated
metallurgical recoveries; changes in national and local governments
in any country which DynaResource currently or may in the future
carry on business; taxation; controls; regulations and political or
economic developments in the countries in which DynaResource does
or may carry on business; the speculative nature of mineral
exploration and development, including the risks of obtaining
necessary licenses and permits, diminishing quantities or grades of
reserves; competition; loss of key employees; additional funding
requirements; actual results of current exploration or reclamation
activities; changes in project parameters as plans continue to be
refined; accidents; labor disputes; defective title to mineral
claims or property or contests over claims to mineral
properties. In addition, there are risks and hazards
associated with the business of mineral exploration, development
and mining, including environmental hazards, industrial accidents,
unusual or unexpected formations, pressures, cave-ins, flooding and
gold bullion losses (and the risk of inadequate insurance or
inability to obtain insurance, to cover these risks) as well as
those risks referenced in the Annual Report for DynaResource
available at www.sec.gov.
Forward-looking information is not a guarantee of future
performance and actual results and future events could differ
materially from those discussed in the forward-looking
information. All of the forward-looking information contained
in this news release is qualified by these cautionary
statements. Although DynaResource believes that the
forward-looking information contained in this news release is based
on reasonable assumptions, readers cannot be assured that actual
results will be consistent with such statements. Accordingly,
readers are cautioned against placing undue reliance on
forward-looking information. DynaResource expressly disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, events or
otherwise.
For further information on DynaUSA, please visit
www.dynaresource.com or contact: Brad J. Saulter DynaUSA V.P.
- Investor Relations K.D. Diepholz DynaUSA - Chairman / CEO
DynaResource de Mexico S.A. de C.V.-Presidente Mineras de
DynaResource S.A. de C.V.-Presidente US. Telephone:
972-868-9066
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