October 8, 2015 TSX.V:LET
Vancouver, British Columbia --- Letho Resources Corp. (“Letho” or the “Company”)) (TSX-V: LET) is pleased to announce the addition of two key personnel. Mr. Bryson Goodwin has been appointed to the board of directors and Dr. Sotiris Kapotas has been appointed in the capacity of senior advisor. As the Company advances in discussions with leading financial firms regarding its Namibian oil & gas concessions’, the Board requires additional technical experience to assist and manage the negotiations and possible development of the projects.
“The Company is extremely pleased with the addition of both Bryson and Sotiris to the team!” said Robert Hall, President and CEO. “With the current state of the markets, we feel this is the time to build on our efforts in Namibia and put forward the best team to ensure success. The addition of these two gentlemen will give Letho the edge and bring the Company that much closer to achieving success in this venture.”
Mr. Goodwin is a practiced international executive with extensive experience in finance, sales, management, investor relations and operations with both private and public companies. His experience has demonstrated an operational, market and banking track record in the technology, biotechnology, oil/gas and resource sectors. Over the course of his career, he has fostered an extensive high profile international association of contacts and close relationships through networking and proficient communication skills. He has been engaged by a number of resource, energy, cleantech and technology firms in the departments of Finance, Business Development, PR & IR, Marketing, and Sales. This has required extensive travel and flexibility in approach to business. Most recently he has held, “C” level executive positions in a banking and finance capacity. He joins us with experience in the systems governing Canadian and US Stock Exchanges as well as public company management, predominantly in the resource and energy sectors. Mr. Goodwin also sits on the board of a number of public and private companies.
Dr. Sotirios Kapotas, Ph.D., has been named a Senior Advisor to the Board. Dr. Kapotas was the founder, President & CEO of Stream Oil & Gas Ltd (TXV-SKO) and was the key player in its growth bringing more than 25 years experience in the petroleum industry. He has been an executive with TOTAL, as New Ventures and Exploration Manager in Libya. Currently, he serves as a Director at Landtech Geophysics Ltd., a company offering passive seismic services worldwide. Dr. Kapotas holds a Ph.D. in Geophysics from the University of Alberta, Canada, where he specialized in heavy oil applications.
The Company also reports that Mr. Adrian Smith has resigned as a director of the Company to pursue other opportunities. The Company would like to thank Adrian for his contributions and wishes him much success in his future endeavours.
To learn more about us, please visit our website at: www.lethoresources.com
ON BEHALF OF THE BOARD OF DIRECTORS OF LETHO RESOURCES CORP.
Letho Resources Corp.
Per: "Robert Hall"
Robert Hall, President & CEO
For more information, please contact:
Letho Resources Corp.
Rob Hall
President, CEO and Director
Phone: (604) 999-5554
Website: www.lethoresources.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Letho cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Letho’s control. Such factors include, among other things: risks and uncertainties relating to Letho’s ability to complete a private placement financing to satisfy the terms of the letter of intent. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Letho undertakes no obligation to publicly update or revise forward-looking information.
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.
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