Announcement Duran's New BaordDURAN VENTURES INC. NEWS RELEASE 2008- 08
Duran Ventures Increases Management Depth
Toronto, Canada, September 3, 2008 – George A. Brown, CEO of Duran Ventures Inc. (TSX-V:DRV), is pleased to provide the following corporate information. The Company continues to prepare for a dynamic future which will include the 100% ownership of the Peru assets after the proposed Business Combination news released April 3, 2008 and expected to be completed by September 30, 2008.
As news released on June 12, 2008, the Directors of Duran voted to amend the Board to six or seven all non-executive directors for the 2008 Annual and Special Meeting of Shareholders to be held September 29, 2008. The following three individuals have consented to be management nominees to be on the proxy of directors of Duran:
Mr. Dave Goldman has a degree from McGill University in Metallurgical Engineering and an MBA from Concordia University. Mr. Goldman occupied several senior management positions at Noranda Inc. over a period of 35 years including Executive Vice-President and Chief Operating Officer. Mr. Goldman is a director of SNC Lavalin Inc. and of Copernic Inc.
Mr. David J. Libby is a graduate of the Camborne School of Mines, A.C.S.M. He is a member of the Association of Professional Engineers of Ontario, the Canadian Institute of Mining and Metallurgy, the Institute of Mining, Metallurgy and Materials- U.K., and a Chartered Engineer of the Council of Engineering Institutions, U.K. Mr. Libby has over forty years of experience in the mining industry including as mining engineer, mine superintendent, Vice President of Mining, and Chief Operating Officer. Mr. Libby’s career includes experiences with Sherritt Gordon Mines Ltd., Tara Mines Ltd., Dickenson Mines Ltd., Wharf Resources Ltd., Noranda Minerals Inc., and Aur Resources Inc.
Mr. Michael Gingles has a B.Sc. in Geology from Kings College in London, an M.Sc. in Mineral Exploration from the Royal School of Mines in London, and an MBA from the Management School at Imperial College in London. Mr. Gingles has over twenty years of mining experience including project geologist in Australia with Bond International Gold, Financial Analyst in London with Outokumpu Metals and Resources International, Vice President of Corporate Development for the USA and Latin America with Placer Dome Inc., and currently President and Chief Executive Officer of Fortune Valley Resources Inc. since 2006.
The directors of Duran are very pleased to attract new candidates with this experience and background to direct the future of Duran.
The following four directors are nominees for re-election:
Jeffrey J. Reeder, P. Geo., has a B.Sc. from the University of Alberta and has been a director since July 2006. Mr. Reeder was Exploration Manager in Peru for MacMillan Gold Corp. and was responsible for the original acquisition of the Aguila and Pasacancha properties. Mr. Reeder is President & CEO of Amerix Precious Metals Corp., is a director of Lateegra Gold Corp., and is the President of two private companies; Double Jack Mines and Rio Silver Exploration.
Mr. John P. Thompson, P. Eng. (Geology) has a B.Sc. and a M.Sc. from Acadia University in Nova Scotia. Mr. Thompson has been a director since June 2006. Mr. Thompson has over 30 years of mining experience and is currently the President of Ontex Resources Ltd.
Mr. David Bending, P.Geo., has a B.Sc. from the University of Oregon and a M.Sc. from the University of Toronto. Mr. Bending has been a director since March 2004. Mr. Bending is President & CEO of Shoreham Resources Inc., Vice President of MacMillan Gold Corp., and Vice President of Duran Ventures Inc. Mr. Bending will cease to be a Vice President of Duran after the next AGM in order to create a board completely independent of management.
Mr. Joseph Del Campo, CMA, is a graduate of Ryerson Polytechnical Institute in Toronto and has been a director and audit chairman since July 2006. Mr. Del Campo is the Chief Financial Officer of First Nickel Inc. and is the Chief Financial Officer and a director of Unigold Inc.
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This is Great great news and should be well received by the market if it went in such a foul mood. I am sure these new members have a great deal to offer and assist in attacting and select a CEO, investment capital and ultimately assist in the sale of the company's assets and distribution of cash to its shareholders.