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| | June 15, 2007
Powertech Appoints James Carter to the Board
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| | POWERTECH URANIUM CORP. ("Powertech" or the "Company") is pleased to announce that it has appointed James Carter to its board of directors. Mr. Carter is a Chartered Accountant with over 35 years of diversified business experience in both public and private companies. He is currently Vice President of Mass Financial Corp. (the former merchant banking arm of KHD Humboldt Wedag International Ltd.). His experience encompasses both the North American and European investment banking and capital markets, with particular expertise in emerging markets and the natural resource sector. During the past eight years, he was based in Europe and oversaw the acquisition, restructuring and ongoing operations of two significant corporate groups, one of which is a commodities trading company based in Vienna. For approximately 15 years prior to that, he was actively involved with a number of junior mining and exploration companies where his activities included corporate restructuring, administration of treasury and financial operations, corporate and property acquisitions, oversight of statutory reporting and compliance and raising of both debt and equity financing. In conjunction with this appointment, the Company has granted Mr. Carter an option to purchase 100,000 shares of the Company at $2.60 per share.
Powertech Uranium Corp. is a mineral exploration and development company that holds the Dewey-Burdock Uranium Deposit in South Dakota, the Centennial Project in Colorado, and the Dewey Terrace and Aladdin Projects in Wyoming, USA.
POWERTECH URANIUM CORP.
Per: "Richard F. Clement"
Richard F. Clement Jr.,
President& CEO
For further information, please contact:
Thomas A. Doyle, CFO, VP Finance
Phone: (604) 685-9181
Email: info@powertechuranium.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release |
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