Orca Gold Provides Corporate Update
Commenting on the departures of Dr. Wang and Mr. Fu, Richard Clark, CEO and Director, said, "On behalf of Orca's Board of Directors, I would like to thank Dr. Wang and Mr. Fu for their positive contribution to the Company. We have enjoyed a close working relationship with them as valued board members and are appreciative of Sinotech's support during the formative years of the Company. We understand Sinotech's decision to sell its non-core position in Orca and are pleased that a successful transaction was achieved with Ross Beaty in this regard. As a consequence of this sale, Dr. Wang and Mr. Fu have tendered their resignations as Directors of the Company. I wish them much success in their future endeavours."
Orca Gold Inc. is a Canadian resource company focused on exploration and development opportunities in Africa, where it is currently focused on the development of its 70% owned Block 14 project in the Republic of the Sudan. The Company has an experienced board of directors and management team and a strong balance sheet, with a treasury in excess of $11.5 million at September 30, 2016.