Winnipeg, MB / ACCESSWIRE / July 30, 2014 / King's Bay Gold Corporation (TSX.V: KBG) ("King's Bay Gold" or the "company") is pleased to announce the appointment of Mr. Art Stacey of Winnipeg, Manitoba to its Board of Directors and as the company's Corporate Secretary. These appointments are subject to the approval of the TSX Venture Exchange Inc. Concurrently, the company is also announcing a number of other changes to its Board of Directors and management team.
Mr. Art Stacey is a partner in the Winnipeg law firm of Thompson Dorfman Sweatman LLP where he has carried on a wide ranging law practice since 1987. His practice has been focused on the start-up, financing, and reorganization of business enterprises in a wide variety of industries. Mr. Stacey has previous experience in mining ventures, short line railroads, banking, and securities regulation among other areas of the law.
Mr. Peter Brooks, a Director, has agreed to formalize his leadership role by becoming the company's President & Chief Executive Officer, a position that has been vacant since June 2013. Mr. Brooks has over fifteen years of operational experience in the mining industry. He is the founder and President of Brooks Tools Limited, a wholesale warehouse distribution company operating since 1992. Mr. Brooks has been a Director of King's Bay Gold since June 2011.
The company is also announcing that it has accepted the resignation of Mr. Kyle Picard as both a Director and as the company's Corporate Secretary, positions that he has held since December 2010. Mr. Picard also served as the company's interim President & CEO from June 2011 to January 2013. The Board of Directors thanks Mr. Picard for his service to King's Bay Gold and wishes him every success in his future endeavours.
Finally, the company is announcing that it has accepted the resignation of Mr. Ray Prefontaine as the company's Chief Financial Officer and this to be effective as at the close of business on July 31st, 2014. Mr. Prefontaine will be pursuing other business and employment opportunities that require that he disengage himself from the day-to-day management of King's Bay Gold. However, to assist the company with these management changes, and to provide for a continuity of knowledge and experience, he has agreed to continue on as a Director, a position that he has held since December 2010.
With these announced changes, the company's Board of Directors, its Committees and the Management Team will be constituted as follows:
Peter Brooks - Director, President & Chief Executive Officer, Audit Committee (Chairman and non-independent member), Compensation Committee (Chairman and non-independent member)
Art Stacey - Director, Corporate Secretary (both subject to the approval of the TSX Venture Exchange Inc. at the time of this news release)
Douglas Bundy - Director, Audit Committee (independent member), Compensation Committee (independent member)
David Gural - Director, Audit Committee (independent member), Compensation Committee (independent member)
Ray Prefontaine - Director
About King's Bay Gold Corporation
King's Bay Gold Corporation is an active Canadian mineral exploration and development company with mineral projects located in two of Canada's emerging gold camps - the Rainy River / Kenora and Sturgeon Lake, ON gold camps.
KBG Shares Outstanding: 98,976,914
King's Bay Gold Corporation
This news release includes certain forward-looking statements concerning the future performance of King's Bay Gold Corporation's business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company's recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking statements and readers are cautioned against placing undue reliance thereon.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: King's Bay Gold Corporation