George Faught Joins Avion Board
2010年6月10日 - 1:38AM
Marketwired
Avion Gold Corporation ("Avion" or the "Company") (TSX VENTURE:
AVR)(OTCQX: AVGCF)(PINK SHEETS: AVGCF) is pleased to announce that
George Faught has joined the Company as a director.
George Faught is a chartered accountant with over 25 years of
senior management experience. He is currently the Chief Executive
Officer of Aberdeen International Inc., a global resource
investment corporation, and has served as the Chief Financial
Officer of publicly traded companies in the natural resources
sector including North American Palladium Ltd., a mid-tier platinum
group metal producer, Hudson Bay Mining & Smelting Co. Ltd., an
integrated base metals producer, and William Resources Inc., an
international gold producer. George also serves as a director of
several public companies in the resource sector.
Avion also announces that the Board of Directors has adopted a
fixed stock option plan (the "Plan") pursuant to which the Company
is authorized to issue options to purchase an aggregate of
35,048,024 common shares (being 10% of the issued and outstanding
shares of the Company as of the date of the Plan's adoption) to
officers, directors, employees and consultants. As of the date of
adoption, the Company currently has 29,996,250 options outstanding.
The Plan remains subject to TSX Venture Exchange Approval.
About Avion Gold
Avion is a Canadian-based gold mining company focused in West
Africa. The Company holds 80% of the Tabakoto and Segala gold
projects in Mali. The longer term goal of the Company is to ramp
production to 200,000 ounces in 2012. Avion has a highly skilled
management team, with a focus on growth and consolidation within
West Africa.
Cautionary Notes
The ability of Avion to increase production to 200,000 ounces of
gold per year has not been the subject of a feasibility study and
there is no certainty that the proposed expansion will be
economically viable.
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, without limitation,
statements regarding the impact of the appointment on the Company,
statements with respect to the development potential and timetable
of the Mali projects; the future price of gold; the estimation of
mineral resources; conclusions of economic evaluation (including
scoping studies); the realization of mineral resource estimates;
the timing and amount of estimated future production, development
and exploration; costs of future activities; capital and operating
expenditures; success of exploration activities; mining or
processing issues; currency exchange rates; government regulation
of mining operations; and environmental risks. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: general
business, economic, competitive, geopolitical and social
uncertainties; the actual results of current exploration
activities; ability to successfully integrate the purchased
properties; foreign operations risks; other risks inherent in the
mining industry and other risks described in the annual information
form of the Company which is available under the profile of the
Company on SEDAR at www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
NEITHER THE 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
Contacts: Avion Gold Corporation Michael McAllister Manager,
Investor Relations (416) 309-2134 info@aviongoldcorp.com
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