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Vector Resources Inc. Announces Board and Management Changes

31.08.2015  |  FSCwire

Toronto, Ontario (FSCwire) - Vector Resources Inc. (“Vector” or the “Corporation”) announces the resignations of Keith Baptist as a director and as Chief Financial Officer of the Corporation, and of Mike Nell as a director of the Corporation. The Corporation also announces the appointment of Steven Poad as a director and as Chief Financial Officer, subject to any required Exchange approval.

Mr. Poad is a Financial Consultant and a Chartered Accountant who has over 30 years of mining industry experience with a variety of companies including the Volta Resources Inc., which is now a part of B2Gold, and Falconbridge Ltd., now part of Xstrata.  His international experience includes involvement with operations in Africa, Europe, Asia and South America.  Mr. Poad is the former CFO of Volta Resources Inc., Excellon Resources Inc., which has a high-grade silver mine in Mexico, Colossus Minerals Inc., and High River Gold Mines Ltd.  Mr. Poad holds an Honours Bachelor of Commerce degree from McMaster University and became a chartered accountant in 1976.

“We welcome Steve Poad to the Corporation as a director and as Chief Financial Officer. Steve brings a wealth of knowledge and experience to Vector and we look forward to working with him. We would also like to thank Keith Baptist and Mike Nell for their years of service to the Corporation and wish them well in their future endeavours," said Darryl Levitt, President, Chief Executive Officer and a director of Vector Resources Inc.

About the Corporation

The Corporation is a capital pool company. Since its incorporation, other than its initial public offering under the CPC Policy in November 2011 and the transactions in relation thereto, the Corporation has not commenced commercial operations and currently has no assets other than cash and promissory notes receivable, and liabilities.

For more information, please contact:

Darryl Levitt

Vector Resources Inc.

T: (416) 202-6713

E: darryl.levitt@gmail.com

Neither 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.

This Press Release is not for dissemination within the United States.

Forward Looking Statements

Certain statements in this document constitute "forward-looking statements" within the meaning of various security legislation inclusive of but not limited to the United States Private Securities Litigation Reform Act of 1995 and/or "forward-looking information" under the Securities Act (Ontario). These statements include, without limitation, statements regarding the status of development or expenditures relating to our business, plans to fund our current activities, statements concerning our partnering activities, exploration regulatory submissions, strategy, future operations, future financial position, future revenues and projected costs. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimated", "predicts", "potential", "continue", "intends", "could", or the negative of such terms or other comparable terminology. We made a number of assumptions in the preparation of these forward-looking statements. You should not place undue reliance on our forward-looking statements, which are subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking statements. These risks include, but are not limited to, securing and maintaining corporate alliances, the need for additional capital and the effect of capital market conditions and other factors, including the current status of our programs, on capital availability, the potential dilutive effects of any financing, the timing of our programs to explore, develop and commercialize our products, the timing and costs of obtaining regulatory approvals, our estimates regarding our capital requirements and future revenues, the timing and amount of investment tax credits, and other risks detailed from time to time in our public disclosure documents or other filings with the securities commissions or other securities regulatory bodies in Canada and the U.S as well as abroad. Additional risks and uncertainties relating to the Corporation and our business can be found in the "Risk Factors" section of our Prospectus dated September 28, 2011, as well as in our other public filings. The forward-looking statements are made as of the date hereof, and we disclaim any intention and have no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Investors are cautioned that, except as disclosed in the management information circular or filing statement as filed from time to time to be prepared in connection with Transaction(s) involving the Corporation, any information released or received with respect to the Transaction(s) involving the Corporation may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative. Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/VectorAug312015.pdf

Source: Vector Resources Inc. (TSX Venture:VCR.H)

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