Reliance Resources provides the following updates. On October 17, 2013, the Company announced that the TSX placed the Company under review for not meeting the TSX's continued listing requirements due to the Company's trading price, market capitalization and lack of sufficient independence at the Board and executive levels.
Reliance Resources is pleased to announce the appointment of a Dr. Michael G. Nelson to the Board of Directors as a non-executive director. Dr. Nelson is Associate Professor and Chair of the Mining Engineering Department at the University of Utah, and is an experienced and accomplished mining industry professional. He received a B.S. degree in [...]
Reliance Resources is pleased to announce the appointment of a seasoned mining executive to the Board of Directors with Mr George Young joining Reliance as non-executive director. With a Bachelor of Science in Metallurgical Engineering from the University of Utah, and a J.D. from the University of Utah College of Law, Mr Young has over 35 years [...]
Reliance Resources is pleased to announce the appointment of Mr Kevin Kye as Chief Financial Officer. This appointment strengthens Reliance's executive ranks with Mr Nicholas Clark continuing in his role as President of the Company. Mr Kye has extensive experience and qualifications that will be very valuable for Reliance as it assesses a number of [...]
Reliance Resources advises that as announced by the TSX today, it has been placed under review with respect to meeting the continued listing requirements of the TSX due to the Company's current trading price, failure to meet minimum market capitalization requirements and lack of sufficient independence at the Board and executive levels.
DELISTING REVIEW - Reliance Resources Limited - TSX is reviewing the common shares (Symbol: RI) of the Company with respect to meeting the continued listing requirements. The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.
Reliance Resources announces that a formal agreement has been entered into with IBK Capital to facilitate the placement of convertible debentures and common share purchase warrants with appropriate accredited investors; the agreement allows for aggregate gross proceeds of up to $1,490,000 to be raised. The Convertible Debentures shall bear interest [...]
The Company hereby confirms that Andrew Wilson has resigned as a director for health reasons, but will be retained as a consultant to provide advice on matters specific to Indonesia. The board of directors wish Andrew all the best with his future endeavours and wish him a speedy recovery.This resignation took effect on the 27th June 2013.SOURCE [...]
Reliance Resources wishes to clarify the status of its exploration activities disclosed in its news release of May 1 under the heading "Background on Reliance Resources" which followed the main text of the Release. In the Release, the Company announced that it "is active on three of its five Indonesian gold projects". While that [...]
Reliance Resources is pleased to announce the Company has received Ministry approval for a "borrow to use" forestry permit, covering its Anggrek project. Under new Mining Laws in Indonesia, the forestry approval allows for exploration in Production Forest areas. Access to the entire Anggrek tenement is now available and if a discovery is made, all [...]
The Directors of Reliance Resources are pleased to provide this update to shareholders. Following the appointment of Nicholas Clark as President on 5 February 2013, and Mr Clark's subsequent relocation to North America, the President is progressing a number of initiatives to deliver value for shareholders.
Reliance Resources is pleased to announce that Mr. Nicholas Clark has been appointed to the role of President of the Company based in North America, effective immediately. Mr. Clark, who is currently Reliance's Chief Financial Officer and Head of Corporate Affairs, will officially relocate to North America in late March. Mr. Clark is a qualified [...]
