Great Western Minerals Group Corporate Update
TSX Venture Symbol: GWG OTCQX: GWMGF
CUSIP: 39141Y 10 3
SASKATOON, April 9, 2013 /PRNewswire/ - Great Western Minerals Group Ltd. ("GWMG" or the "Company", TSX:V - GWG) today provided an update on board and management changes.
Robert Quinn has been elected non-executive board chair. Mr. Quinn has served on the GWMG board of directors since 2006 and acted as interim CEO of the Company from October 1, 2012 until the appointment of Marc LeVier on January 9, 2013. He has over thirty years of management and legal experience in the mining sector with extensive experience in transactions, financings, corporate governance, environmental compliance and international operations. Mr. Quinn serves on the boards of directors of Formation Metals Inc., North American Palladium Ltd., where he is the chairman, and Mercator Minerals Ltd. where he is the chairman. He holds a Doctor of Jurisprudence from the University of Denver.Ron Hochstein has been elected as independent lead director. Mr. Hochstein has served on the GWMG board of directors since January 8, 2013. He is President, Chief Executive Officer and a Director of Denison Mines Corp. ("Denison"), positions he has held since 2009. For three years prior he had been Denison's President and Chief Operating Officer. Prior to Denison, his senior management positions were with International Uranium Corporation, H.A. Simons Ltd. Mining Group, Noranda Inc. and North Canadian Oils Ltd. In addition to his current duties with Denison, Mr. Hochstein is President of Uranium Participation Corporation. Mr. Hochstein holds a Masters of Business Administration from the University of British Columbia and a Bachelor of Science in Mineral Process Engineering from the University of Alberta. GWMG President and Chief Executive Officer Marc LeVier said, "The election of Robert Quinn as non-executive chair and Ron Hochstein as lead director creates even greater strength within the Company's board of directors as it directs management in the successful execution of the strategic plan to move the Steenkampskraal operation toward production." The Company announces the retirement of Vice-President Exploration John Pearson. Mr. Pearson has held the position with GWMG since 2003 and has had overall responsibility for exploration activities at GWMG's North American properties. He remains available to the Company to advise on exploration matters.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts