HENDERSON, NV--(Marketwire - Feb 12, 2013) - US Tungsten Corp (OTCQB: USTU) ("USTU," the "Company") announces formation of an Advisory Board.
The company is pleased to announce that as of February 8, 2013 the company has formed an Advisory Board to be able to appoint critical Advisors to the board to help with the development of the company.
The Advisory Board shall be governed by the Advisory Board Charter, this will allow the Directors to appoint certain persons as members of the Advisory Board and enter into an Advisory Board Agreement with such persons as may be selected.
The advisory Board may also create sub-committees at the request of the Board of Directors for the purpose of obtaining and organizing information or reviewing any particular aspect of the Company's financial or business processes, procedures or plans as may be requested by the Board of Directors.
The function of the members of the Advisory Board shall be to advise and make non-binding recommendations to the Board of Directors of US Tungsten Corp with respect to matters within the areas of their experience and expertise.
The Board of Directors may appoint a chairman of the Advisory Board. The Chairman shall serve at the pleasure of and discretion of the Board of Directors or until his earlier resignation or death. The Board of Directors may remove the Chairman or discontinue his role at any time for any reason. The Chairman may resign by giving at least ten (10) days' written notice to the Board of Directors.
Matthew Markin, President, stated, "I am very happy to have formed this board of advisors, I believe this along with Mr. Wattenberg's abilities we will be able to recruit top experts in their field(s), and create as well as organize a first class management team that will serve the company well."
"Forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future including, but not limited to, additional acquisitions. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. US Tungsten, Corp assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current and periodic reports filed from time-to-time with the Securities and Exchange Commission.