eln appoints Towns to boardEl Nino Ventures appoints Towns to board
2008-04-01 08:33 ET - News Release
Mr. Jean Roy reports
EL NINO VENTURES INC. APPOINTS NEW INDEPENDENT DIRECTOR
El Nino Ventures Inc. has appointed Damian Towns to its board of directors.
Mr. Towns has significant financial expertise in dealing with the public financial reporting of Canadian mining companies, and since October, 2006, has been the chief financial officer of Coro Mining Corp. He is a graduate of the University of Otago in New Zealand (bachelor of commerce with honours) and a member of the Institute of Chartered Accountants of New Zealand. For the past eight years, his work has focused on the mining industry. Prior to his current position, Mr. Towns was also the controller of First Quantum Minerals Ltd. and also an audit manager with PricewaterhouseCoopers LLP in Canada. Mr. Towns has international mining and accounting experience in Africa (including the DRC), South America and New Zealand.
Jean Luc Roy, president of El Nino Ventures, states: "We are pleased to welcome Damian Towns to our company's board of directors. His experience in the mining industry and his understanding of our dealing in the Democratic Republic of Congo (DRC) will further enhance the strength of our board of directors. Furthermore, Mr. Towns's financial experience will be most valuable as we move our projects forward."
Mr. Towns will be granted, subject to regulatory approval, an incentive stock option to acquire 200,000 shares of El Nino Ventures at a price of 60 cents per share, exercisable for five years under the company's stock option plan.