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Bullboard - Stock Discussion Forum SilverCrest Mines Inc SVLC

NYSEAM:SVLC - Post Discussion

SilverCrest Mines Inc > Latest This Morning
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Post by Wisdomwithage on Feb 26, 2015 9:46am

Latest This Morning

SilverCrest President to Take Leave of Absence

T.SVL

Director Dunham L. Craig Appointed Interim President

TSX: SVL NYSE MKT: SVLC

VANCOUVER, Feb. 26, 2015 /CNW/ - SilverCrest Mines Inc. ("SilverCrest" or the "Company") announced today that N. Eric Fier, President and Chief Operating Officer, has taken a partial leave of absence to deal with certain matters of personal health. Dunham L. Craig, Director, has been appointed Interim President and will assume the President's responsibilities on a temporary basis until further stages of a succession plan developed by the Board of Directors can be implemented. Mr. Fier will remain as COO and Director of SilverCrest until such time as he is able to return to his duties on a full time basis. In his absence, SilverCrest will rely on the depth and experience of its management to professionally execute its stated business objectives.

The Board's succession plan has Mr. Fier stepping into the CEO position upon J. Scott Drever's anticipated retirement as CEO in the coming year which is now expected to coincide with Mr. Fier's return. As a result, the Company has embarked on a search for a new full-time President in anticipation of Mr. Fier's return to the Company in this new position.

J. Scott Drever, CEO and Director stated: "Eric will need time away from his full slate of corporate responsibilities to recuperate from certain required medical procedures. Eric is a key member of the SilverCrest team and the Board of Directors. All his colleagues and company employees wish him a speedy recovery so that he may continue his extraordinary contributions to the growth and continued success of SilverCrest. Eric has our full support throughout this challenging period for him."

As interim President, Dunham Craig brings over 26 years of professional mining and management experience to assist SilverCrest in Eric's absence. Mr. Craig's experience in the mining industry has encompassed all aspects of mining and operations, progressing from exploration discovery to feasibility, financing, permitting, construction and production related to two mines. He has extensive experience in Canada, Central America and Mexico with groups such as Wheaton River Minerals Inc. and Glencairn Gold Inc. and has worked in development, construction and production in Latin America for over 15 years.

Mr. Craig will be directly working with Mr. Fier and other members of the Board and management group to transition Presidential responsibilities so that the Company's strategic plan for growth may continue without interruption.

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