STEVENSVILLE, Mich., March 1, 2012 /PRNewswire via COMTEX/ –
Norman Cay Development, Inc.
(“Norman Cay” or “Company”), an emerging U.S. based mineral exploration company, is pleased to announce that it has appointed the first member to its recently formed Strategic Advisory Board.
“The last few months have been very exciting and productive for Norman Cay and an expert Strategic Advisory Board will help to take advantage of the momentum that we have started to build,” said Dean Huge, CFO of Norman Cay Development. “The Strategic Advisory Board will complement the existing management team with additional mining and business experts that will offer guidance to the Company as it executes its business plan at the Edum Banso Gold Project in Ghana and evaluates other new opportunities.”
First to join the Company’s Strategic Advisory Board is Mr. Brien Piper. Mr. Piper is currently Managing Partner of Wheatfield Partners LLC., an introductory non-broker dealer advisory firm specializing in mining, energy, environmental, and medical technologies. Wheatfield Partners provides advisory and introductory services to both private and public companies with regard to funding, mergers, acquisitions, and strategic partnerships. Since 1986, Wheatfield Partners and its associates have introduced numerous clients to potential funding sources, which has resulted in hundreds of millions of dollars in new capital investment.
Mr. Huge continued, “I am extremely honored to have someone of Brien’s caliber become the first member of the Norman Cay Strategic Advisory Board. His extensive knowledge of mining, investment banking, and his established private, public and governmental contacts will be a significant benefit to the Company and its shareholders going forward.”
The Company intends to appoint additional members to the Strategic Advisory Board over the next several weeks which will further enhance management’s ability to direct the future growth of the Company.
Further updates regarding the Strategic Advisory Board, the Edum Banso Gold Project, and other Norman Cay business will be made as additional information becomes available.
About Norman Cay Development
Norman Cay Development, Inc. is an emerging U.S. based mineral exploration company offering shareholders the opportunity to participate in the ownership of high-potential international gold exploration and development projects. The Company’s wholly-owned subsidiary, Discovery Gold Ghana Limited, holds a 65% interest in the exclusive rights to explore and develop the Edum Banso Gold Project within the historic Ashanti Gold Belt in Ghana.
For further information regarding Norman Cay Development, Inc., contact:
LiveCall Investor RelationsGerry Belanger, (855) 490-9700 (Toll-free)E-mail: NCDL@livecallir.com
Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “may”, “will”, “would”, “should”, “plan”, “projected”, “intend”, and similar expressions. Norman Cay Development, Inc. (the “Company”) bases these forward-looking statements on current expectations and projections about future events, based on information currently available. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company has no mineral resource or reserve estimate for the Edum Banso Gold Project at this time and may not have sufficient funding to thoroughly explore, drill or develop its properties. The Company disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
SOURCE Norman Cay Development, Inc.
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