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Bullboard - Stock Discussion Forum Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of... see more

GREY:RBYC - Post Discussion

Ruby Creek Resources Inc > Rob Resigns. All focus on production.......
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Post by imnironman on Feb 08, 2012 7:34pm

Rob Resigns. All focus on production.......

Ruby Creek Announces Management Change

Press Release: Ruby Creek Resources, Inc. – 1 hour 25 minutes ago

NEW YORK, Feb. 8, 2012 /PRNewswire/ -- Ruby Creek Resources, Inc. (OTCBB: RBYC.OB - News), a gold exploration and mining company with operations in Tanzania, announces changes in management of the Company.
Rob Slavik, a Director and former CEO has resigned and will continue as a Director and consultant to the Company.  Rob will continue on the Company's behalf to provide strategic advice and interfacing with the government of Tanzania on the Company's behalf.
Mr. Dan Bartley has been promoted to CEO of Ruby Creek. Dan has over 25 years of operational and financial reporting experience. From June, 2009 through March 2011, he served as the Chief Financial Officer for Ultravolt Inc., a manufacturer of high voltage electronic components. From May 2006 through June 2009, he served as Chief Financial Officer of Odyne Corporation, a development stage, publicly traded clean energy company. Dan served as Vice President-Controller of Levitz Home Furnishings, Inc., a $1.1 billion specialty retailer of home furnishings. From 1992 through May 2004, he served as President of Bartley & Associates, Ltd., a financial consulting firm that specialized in advising businesses on asset purchase transactions, financial advisory services and financial reporting systems. Dan received his B.S degree in accounting from Long Island University and M.A. in Theology from the Seminary of the Immaculate Conception.
David Bukzin, the Chairman of Ruby Creek's Board of Directors, commented; "On behalf of the Board, management team and shareholders I would like extend a hearty thank you to Rob Slavik for his vision and drive in building Ruby Creek.  We expect he will continue to perform brilliantly for Ruby Creek by focusing his energies toward furthering the Company's goals in Tanzania."
Dan Bartley, CEO said; "I want to thank Rob for leading the Company from a static shell company of 2 1/2 years ago to a thriving junior miner we are today.  He will continue to benefit the team in his new role as a consultant.
Commenting on Ruby Creek's mining operations, Dan stated; "Our management team is completely focused on getting all of our mining equipment utilized to achieve our production goal of processing ore at the rate of 200 tons/hour.  We are presently in the test and commissioning phase of our mining plan.  A limited amount of gold bullion has been poured to date.  We are expecting to transition from intermittent test mining on our mining license area to full-time daily production over the next eight weeks.  Our experienced production team is quite confident that we will be able to achieve successive weekly improvements in ore processing volumes.  We intend to issue periodic updates over coming months on our progress towards achieving our production goal."

Comment by randomjim on Feb 08, 2012 7:54pm
I'm sure we'll never know the real reasons behind the change, but right now I am happy for 2 reasons: 1) it eliminates any leadership uncertainty at this critical juncture and 2) it wasn't announced during today's sell off which would have only made matters worse.
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