Sept. 10, 2013
Alacer Gold Corp.
"Alacer" or the "Corporation"
announced today that the Board of Directors (the "
") has appointed
Richard P. Graff
as interim Chairman of the Board.
Timothy J. Haddon
Rohan I. Williams
have each resigned from the Board, effective immediately.
As part of Alacer's new corporate strategy to focus on
in the near-term and the surrounding region in the medium to long-term, the Board is seeking to recruit new independent directors to join the Corporation's Board. The Board will engage an independent third party to assist with the director recruitment and evaluation process.
Richard P. Graff
, Chairman of the Board, commented, "On behalf of the Board and Alacer's shareholders and employees, I would like to thank Rohan for his contributions to Alacer as a former member of senior management and most recently as a Non-Executive Director of the Corporation. We wish Rohan the best of luck in his future endeavors."
Mr. Antal, Chief Executive Officer, commented, "Alacer, and before Alacer was formed, Anatolia, have been very fortunate to have had the benefit of
experience, mining expertise and leadership over the last fifteen years. Tim has been an integral part of the team that delivered the Çöpler Mine, one of the best mine start-ups during the last five years and one of the best mining assets anywhere in the world. On behalf of the Board and Alacer's shareholders, I would like to thank Tim for his service as Chairman of the Board and a Non-Executive Director of the Corporation. We wish Tim all the best."
Alacer Gold Corp. is a leading intermediate gold mining company with interests in multiple mines which provide ore to three processing facilities in
- 80% interest in the Çöpler Gold Mine;
- 100% interest in the Higginsville Gold Operations; and
- 100% interest in the South Kalgoorlie Gold Operations.
Alacer's primary focus is to maximize portfolio value, maximize free cash flow, minimize project risk, and return value to shareholders. Alacer has a strong balance sheet and is committed to responsibly developing its current operations and focused exploration programs creating value.