Aurvista Gold Announces the Resignation of Its President and CEO


Follow this company

Companies Mentioned

PK:ARVSF / TSX.V:AVA
07/30/2014 [ACCESSWIRE]

Montreal, QB / ACCESSWIRE / July 30, 2014 / Aurvista Gold Corporation (TSXV: AVA) ("Aurvista" or the "Company") announces that Mr. Richard Adams will resign as President and Chief Executive Officer of the Company effective August 29, 2014. Mr. Adams will continue in his role of President and CEO until August 29, 2014 and as a director for a short time thereafter in order to assist Aurvista with the transition to a new President and CEO.

Mr. Adams resigned as CEO in order to pursue an opportunity within the mining group of a major investment bank

"Rick took over as President and CEO at a critical time for Aurvista. Rick predicted the upcoming weakness in the junior mining markets and fixed Aurvista’s finances and cut costs to a minimum. Recently, Rick has been focusing on the Company’s strategic plan and has done an excellent job in organizing and advancing the Company. Aurvista would like to wish Rick success in all of his future endeavors," stated Bryan Keeler, CFO and Director.

The board of directors of the Company has recently established a special committee with the task of actively pursuing suitable replacement CEO candidates.

About Aurvista Gold

Aurvista Gold Corporation is a junior gold exploration and development company. Aurvista's principal asset is the Douay Gold Project, consisting of 221 wholly owned claims totaling approximately 11,430 hectares. The Douay Project’s North West Zone has 32 designated claims for a total of 1,193 hectares and is in a Joint Venture agreement with SOQUEM. The Douay Project is located on the Casa Berardi Fault in northern Quebec. The Douay Project hosts a mineral resource prepared in accordance with CIM definitions as required by NI 43-101 with an inferred resource of 114,652,000 million tonnes at 0.75 g/t gold (2.8 million ounces of gold) and an indicated resource of 2,689,000 tonnes at 2.76 g/t gold (238,433 ounces of gold) with a cut-off of 0.3 g/t gold. Details of the Douay Gold Project can be viewed on the Company’s website at www.aurvistagold.com

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

For further information please contact

Richard Adams, President and CEO
Telephone: (416) 682-2674
Facsimile: (416) 504-4129

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 PRESS RELEASE.

 

SOURCE: Aurvista Gold Corporation 

COMMENTS

Leave a comment...
 * 

Your Name
 *