NR: MONTAN MINING ANNOUNCES BOARD AND MANAGEMENT CHANGESThis is a very good sign, people:
Montan Mining appoints Hall, Wong as directors
2016-09-23 15:59 ET - News Release
Mr. Ian Graham reports
MONTAN MINING ANNOUNCES BOARD AND MANAGEMENT CHANGES
Greg Hall and Sam Wong have joined the board of directors of Montan Mining Corp.
Mr. Hall is an independent business advisor to the mining industry. For over 30 years, Mr. Hall has focused on significant international exploration, development, and mining ventures, and all aspects of their structuring and finance. He is currently President of Water Street Assets Inc. and Director of Prophecy Development Corp. Mr. Hall was previously a director of Silvercorp Metals Inc., China's largest primary silver producer and one of the lowest cost silver producer among its industry peers. Other former appointments include: Director at Haywood Securities; Vice-President, Canaccord Genuity; and Senior Vice-President of Leede Jones Gable. Mr. Hall is a graduate of the Rotman School of Management, University of Toronto, SME Enterprise Board Program, and a Member of the Institute of Corporate Directors.
Mr. Sam Wong is currently the Chief Financial Officer of Dynasty Metals & Mining Inc. and Chesapeake Gold Corp. He was also previously the Chief Financial Officer of Goldgroup Mining Inc., where he significantly decreased the cost and level of debt through various cost cutting and restructuring initiatives. Prior to that position, Mr. Wong was the Corporate Controller at Luna Gold Corp. where he oversaw the finance division during Luna's transition from development through to commercial production. Mr. Wong is a Chartered Accountant and articled at Deloitte & Touche LLP in Vancouver, BC where he specialized in assurance and advisory for mining companies.
The Company announces that Mr. Michel Robert has resigned from the Board of Montan for personal reasons. Montan wishes to thank Mr. Michel Robert for his contributions to the Company during his tenure on the Board. The Company also announces that Mr. Brandon Macdonald has resigned as CFO effectively immediately to pursue other business ventures. The Board of Montan thanks Mr. Macdonald for his service to the Company and wishes him well in his future endeavours.
Montan has appointed Mr. Vadim Dubchak as Interim CFO. Mr. Dubchak is a mining finance professional with over nine years of diversified experience in the natural resource sector. Most recently he worked with the gold development company Astur Gold Corp. in a Corporate Development role. Mr. Dubchak also previously worked for a boutique portfolio management firm and a merchant bank focused on the resource sector. Prior to that he held an accounting position for a group of four public mining companies located in Vancouver. He is a Chartered Financial Analyst and holds an Honours Bachelor's Degree in Economics from the University of British Columbia.
About Montan Mining Corp.
Montan is backed by an experienced and high-energy management team with diverse technical, market and finance strengths and expertise and is supported by committed and sophisticated investors focused on building value for the long term. The Company is engaged in the acquisition of an operational gold mine and operation ready CIP gold plant in the southern Peruvian mining district of Caraveli under a Term Sheet with Chazel Capital Inc. ("Chazel") for the purchase, by Montan, of the Peruvian Company Cerro Dorado S.A.C. ("CD") from Chazel. Montan will acquire 100% of CD in an all-share deal with Chazel, (refer to News Release dated 14th July, 2016) under improved underlying option conditions (refer to News Release dated August 23rd, 2016). Montan assumed operating expenses and commenced due diligence on July 25th, 2016 (refer to News Release dated July 26th, 2016).
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