Loreto Resources Corporation Appoints Adam J. Zive as Director and Interim CEO
NEW YORK, Sept. 2, 2011 /PRNewswire/ — Loreto Resources Corporation (OTC: LRTC) (“Loreto” or the “Company”) today announced that its Board of Directors has appointed Adam J. Zive as interim Chief Executive Officer of the Company and has elected Mr. Zive as a Director of the Company.
Mr. Zive has significant international investment banking experience in corporate finance and equity research with Credit Suisse, Renaissance Capital, Desjardins Securities and HSBC, in London, New York, Hong Kong SAR, and Toronto. Mr. Zive has spent his career primarily focused on opportunities in oil and natural gas in North America, as well as internationally. Within North America, his focus has been on unconventional oil and natural gas resource plays. He has made numerous television appearances, including on CNBC and the Business News Network, and was previously ranked Superleague Analyst by Brendan Wood International.
Mr. Zive has a BComm (Hons.) in Finance from the University of British Columbia and is a CFA Charterholder.
Luis Saenz, President of Loreto, said, “Adam’s knowledge and experience in relation to unconventional oil and gas resources will be invaluable in pursuing exploration and development opportunities in the Eagle Ford Shale and throughout North America.”
About Loreto Resources Corporation
Loreto Resources Corporation is an early stage oil and gas exploration and development company currently pursuing a business strategy focusing on high impact opportunities, with its initial exploration and development activities expected to concentrate on the Eagle Ford shale.
Certain information regarding Loreto in this news release may constitute forward-looking statements under applicable securities laws. Forward-looking information includes, without limitation, projections or estimates made by the Company and its management in connection with its business operations. Words such as “expects,” “intends,” “plans,” “proposes,” “may”, “could,” “should,” “anticipates,” “estimates,” “likely,” “possible,” “potential,” “believes” and words of similar import also identify forward-looking statements. These statements are based on current facts, expectations and analyses and other information and assumptions of management. Forward-looking information is subject to numerous risks and uncertainties, which could cause actual results to vary and in some instances to differ materially from those anticipated by Loreto and described in the forward-looking information contained in this press release. Undue reliance should not be placed on forward-looking information, which is not a guarantee of performance. Forward-looking information is based on the estimates and opinions of the Company’s management at the time the information is released, and the Company disclaims any obligation to update publicly any such forward-looking information, whether as a result of new information, future events or otherwise, other than as expressly required by applicable securities laws. Additional information on risks and other factors that may affect the business and financial results of Loreto can be found in Loreto’s filings with the U.S. Securities and Exchange Commission.
SOURCE Loreto Resources Corporation