Boxxer Gold name Stewart as president and CEOBoxxer Gold names Stewart as president and CEO
2008-01-07 06:48 ET - News Release
Mr. Colin Christensen reports
BOXXER GOLD ANNOUNCES SENIOR MANAGEMENT CHANGES
Boxxer Gold Corp., effective Jan. 1, 2008, has executed a management consulting agreement with Elmer B. Stewart, through his wholly owned company 397405 Alberta Ltd., whereby Mr. Stewart will assume the position of president and chief executive officer of the corporation. Mr. Stewart, a director and co-founder of Boxxer, has over 32 years in domestic and international mineral exploration and gold production experience. Mr. Stewart is currently a director of four other junior resource companies listed on the TSX Venture Exchange.
During his career, Mr. Stewart has been involved with the development and production from two underground and three heap-leach gold mines, and has gained considerable experience in the exploration for uranium, gold, copper-gold and base metal deposits. Mr. Stewart's primary focus as president of Boxxer will be to oversee the exploration and further development of the advanced-stage Nalesbitan gold project in the Philippines, as well as the further exploration and rationalization of the corporation's properties in Nevada, United States and Northwest Territories.
Effective Jan. 1, 2008, Colin Christensen will assume the position as vice-president of corporate development, and will also be responsible for the investor relation activities of the corporation. The board of directors of the corporation wish to express its appreciation for the effort Mr. Christensen has provided over the past few years.
The corporation also announces the granting of 500,000 options to Mr. Stewart to purchase common shares of the corporation at an exercise price of 14 cents per share for a period of three years. The options shall vest quarterly over a period of two years.
We seek Safe Harbor.