Western Troy Appoints Charles E. Stott Chairman, Melvyn Williams as CFO, and Laurie Meloche as Vice President of Corporate D...
2013年6月7日 - 12:57AM
Access Wire
June 6, 2013, Toronto, Ontario - Western Troy Capital Resources
(TSX Venture: WRY, US-OTC: WTCRF) (Western Troy or the Corporation)
announced today that its board of directors has voted to appoint
Charles E. Stott as independent Chairman of the Board, Melvyn
Williams as Chief Financial Officer, and Laurie A. Meloche as Vice
President of Corporate Development.
Mr. Stott has been a director of Western Troy since 2008. He has
a degree in Mining Engineering from the Colorado School of Mines
and a law degree from the University of California, Hastings. He
was CEO of AMAX Gold where he led the effort to raise $126 million
in an IPO, obtained a NYSE listing, and was responsible for the
construction and operation of the Sleeper Gold Mine in Nevada. Mr.
Stott recently served as a director of Brigus Gold and is a
director of Hazen Research, Inc. He is a former Director of
Getchell Gold Corporation, and is a Trustee Emeritus at the
Colorado School of Mines.
Mr. Williams has been a Director of Western Troy for about two
years. Mr. Williams was Chief Financial Officer and Senior Vice
President, Corporate Development for Brigus Gold Corporation, where
he supervised the securing of project financing in the amount of
over $100 million for Brigus Gold's Black Fox Gold Mine in Ontario.
Mr. Williams has over 30 years of experience in the finance and
natural resources businesses. His experience includes project
financing, equity raises, commodities marketing and hedging,
capital evaluations, compliance reporting, risk management, capital
and operations cost control, and new business development.
Ms. Meloche comes to Western Troy with decades of experience in
junior mining company development. Her career in mining began as a
consultant to Inmet Mining where she worked for nine years in
investor relations and corporate communications. After Inmet, she
worked as an independent consultant using her extensive contact
network in the Toronto mining community to organize new mining
companies, acquire promising prospects, and obtain financing. As
part of her compensation package at Western Troy, Ms. Meloche will
be granted 250,000 options pursuant to Western Troy's Stock Option
Plan. The options will have a term of five years and are
exercisable at a price of 10 cents per share.
Western Troy's CEO, Rex Loesby, commented, "Western Troy is
extremely fortunate to have these three quality individuals as key
contributors to our team. These appointments are part of a new
program at Western Troy that is focused on an aggressive plan to
seek opportunities that will enhance shareholder value. With
sufficient cash to assure survival in the long term, Western Troy
is in position to seek opportunities in a difficult environment for
junior mining companies. Our intent is to use this environment to
seek quality mineral prospects and business combinations that will
position Western Troy for growth."
About Western Troy: Western Troy's shares trade on the TSX
Venture Exchange under the symbol WRY. Western Troy has 33,589,970
shares outstanding. More information on Western Troy can be found
on its Website at www.westerntroy.com.
Forward Looking Statements: Statements in this release that are
forward-looking reflect the Corporation's current views and
expectations with respect to its performance, business, and future
events. Such statements are subject to various risks and
assumptions, some, but not necessarily all, are disclosed elsewhere
in the Corporation's periodic filings with Canadian securities
regulators. Such statements and information contained herein
represent management's best judgment as of the date hereof based on
the information currently available; however actual results and
events may vary significantly. The Corporation does not assume the
obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
Contact Information:
Western Troy Capital Resources Inc.
Rex E. Loesby, CEO
Tel: 416-929-3268
Email: RexLoesby@aol.com
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