Dynamic Announces Letter of Intent To Acquire Two Million Acre Property In Brazilian Gold Belt and Appointment Of Director & Officer
Dynamic Alert Ltd. (the “Company”) is pleased to announce that it has entered into a Letter of Intent (“LOI”) with Rusheen Handels AG (“Rusheen”), for the acquisition by the Company of Rusheen’s 99% ownership interest in Amazones Capital e Particpacoes Ltd. (“Amazones”). Amazones is the current owner of mineral claims covering an area of over 800,000 hectares (2 million acres) located in the Amazon Basin in Brazil.
Additionally, the Company is pleased to announce the election of Dr. Thomas E. Sawyer as a member of the Company’s Board of Directors (the “Board”). The Board also appointed Dr. Sawyer as the Company’s Chief Executive Officer, Secretary and Treasurer, replacing Mr. David Robinson in those positions.
ACQUISITION OF AMAZONES CAPITAL E PARTICPACOES LTD.
The Company has entered into an LOI with Rusheen, a Swiss corporation, to purchase Rusheen’s 99% ownership interest in Amazones, a Brazilian corporation and the owner of numerous poly-metallic mineral claims covering approximately 824,411 hectares (2,037,119 acres) in three states in the prolific Tapajos Greenstone Belt in the Amazon Basin of Brazil. The primary mineral target is gold, but copper, nickel, iron ore, manganese and tin are also found in the area. The legal claims are located in three western states: Amazonas, Mato Grosso and Rondonia.
Consideration payable to Rusheen for transfer of the Amazones ownership stake is 44 million restricted shares in the common stock of the Company, and a 2.5% NSR on mineral production from the Amazones claims. The Acquisition is subject to entering into a definitive acquisition agreement and to certain conditions of closing such as due diligence and the approval of each of Rusheen’s and the Company’s board of directors.
APPOINTMENT OF DIRECTOR & OFFICER
Dr. Thomas E. Sawyer, 76, has been Senior Scientific Advisor to three US Presidents, and has been an innovator and entrepreneur in telecom hardware. Since 2007, he has been the Chairman of the Board and CEO of Innova Enterprises, Inc., of Sandy, Utah, a company that develops oil purification technology to reduce waste oil and extend useful life of engines and engine components. From 2002 through 2005, he was President and Chief Executive Officer of TeleCom, Inc., and from 1998 through 2002, he served as Director and Chief Technology Officer of Global Light Telecommunications, Inc. Dr. Sawyer has also been the President and Chief Executive Officer of Sawyer Technologies, LLC, since 2002, which provides consulting services for international high net worth entities and individuals, projects in the fields of mining, gas and oil, telecommunications, green energy and clean technologies and health care.
Dr. Sawyer obtained a B.Sc. (Engineering) from UCLA, a M.A. (Business and Urban Affairs) from Occidental College, a Ph.D. (Clinical Psychology) from Florida State and a Ph.D. (Management) from Walden University. Dr. Sawyer performed Graduate Research (Public Affairs) at Coro Foundation and has completed other graduate studies at the University of Utah, the University of Southern California and the California Institute of Technology.
Dr. Sawyer is a member of the Board of Directors of Chief Consolidated Mining Company, which is a SEC-publicly registered company.
RESIGNATION OF DIRECTOR & OFFICER
The Company has accepted the resignation of Mr. David Robinson from the Board and as Chief Executive Officer, Secretary and Treasurer of the Company, effective immediately.
NOTE: The information contained in this press release contains forward looking statements which are based on the current expectations of the management of Dynamic Alert, Ltd. only, and actual results may differ materially. For a more detailed discussion of risks and other factors related to Dynamic Alert, Ltd., please refer to its Form 10-K and Form 10-Q reports, as filed with the U.S. Securities and Exchange Commission.
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