Corsa Announces Addition to Board of Directors, Appointment of Michael J. Harrison
March 8, 2011 Toronto, Ontario – Corsa Capital Ltd. (TSXV: CSO) (“Corsa”) is pleased to announce that Mr. Michael J. Harrison has agreed to join the Company’s Board of Directors, expanding Corsa’s Board to a total of nine members.
Mr. Harrison is the Vice President, Corporate Development for Coeur d’Alene Mines Corporation. Prior to joining Coeur d’Alene, he served as Director in the Investment Banking Mining Group of Cormark Securities, Inc. Mr. Harrison has spent many years working in the mining sector both with mining companies and in the mining group of large financial companies.
Mr. Colin K. Benner, Chairman of Corsa Capital Ltd. said, “We are very pleased to welcome Mike to the Board of Directors. With his extensive experience in the mining industry and knowledge of the coal sector he will bring a broad knowledge base and unique perspective to the Board.”
For further information please contact:
Corsa Capital Ltd.:
Don Charter, President and Chief Executive Officer
Corsa Capital Ltd.
Certain information set forth in this press release contains “forward-looking statements” and “forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “estimates”, “expects”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Corsa’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: liabilities inherent in coal mine development and production; geological, mining and processing technical problems; Wilson Creek’s inability to obtain required mine licenses, mine permits and regulatory approvals required in connection with the mining and processing of coal; unexpected changes in coal quality and specifications; variations in the coal preparation plant recovery rates; dependence on third party coal transportation systems; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in commodity prices and exchange rates; changes in the regulations in respect to the use of coal; the effects of competition and pricing pressures in the coal market; the oversupply of, or lack of demand for, coal; currency and interest rate fluctuations; various events which could disrupt operations and/or the transportation of coal products, including labor stoppages and severe weather conditions; the demand for and availability of rail, port and other transportation services; and management’s ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward- looking statements.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.