Otis Gold appoints Norwich as director2012-10-01 11:09 MT - News Release
Mr. Craig Lindsay reports
OTIS APPOINTS ROGER NORWICH AS DIRECTOR
Otis Gold Corp. has appointed Dr. Roger Norwich as a director. Dr. Norwich was a founding director of formerly TSX Venture Exchange-listed Mexican Silver Mines Ltd., which completed a merger with Rio Alto Mining Ltd. in 2009. He remains an independent director of Rio Alto, which since the merger has grown from a development-stage operation to a significant gold producer that has poured 114,000 of ounces of gold in the first six months of 2012.
Currently, Dr. Norwich is non-executive chairman of Mexico-based Grupo Minero Panuco, a private company which has extensive producing copper, gold and molybdenum assets. Additionally, he has wide-ranging board experience with both publicly listed and private enterprises. Most recently, he joined the board of directors of Inkron Ltd., a private company based in Hong Kong which is involved in nanometal (nanocopper and nanosilver) production for the electronics industry.
Dr. Norwich has a BA in geology and archeology (1974) from Manchester University, England. He also holds MB bachelor of medicine and ChB bachelor of surgery degrees from Manchester University. Early in his career, he worked as an oil exploration geologist for Texaco and gained experience in the North Sea, the Gulf of Mexico and the Permian basin.
Otis president and chief executive officer Craig Lindsay states: "We are very pleased to have someone of Roger's calibre join our board of directors. His active experience with Rio Alto and Panuco as they moved from development companies to producers will be of significant benefit to Otis as we continue to progress the Kilgore gold project on a path to production."
The company also advises that up to two million stock options having an exercise price of 15 cents per common share have been granted to various directors, officers and consultants of the company. The options have been granted in accordance with the terms of the company's 10-per-cent rolling stock option plan approved on Dec. 19, 2011, and the policies of the TSX Venture Exchange.