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Re: Press Release - Tuesday, January 13, 2009
Mindoro Announces Director And Advisory Board Changes
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EDMONTON, Alberta: January 13, 2009 - Mindoro Resources Ltd. (TSXV:
MIO; Frankfurt: WKN 906167) today announced the resignation of Dr.
Gerhard Kirchner from the Board of Directors and his appointment to the
company's Advisory Board, effective immediately. The company is
grateful for Dr. Kirchner's dedication and his significant
contributions over the twelve years that he has served as a director,
including four years as Chairman. Although Dr. Kirchner is retiring as
a director, we are pleased that his valuable expertise will continue to
be available to the company as a member of Mindoro's Advisory Board.
The company is pleased to announce the appointment of Mr. John Tosney,
M.Sc., P.Eng., as a director. Mr. Tosney has resigned as a member of
Mindoro's Advisory Board pursuant to his appointment as director. Mr.
Tosney has extensive experience in the development of gold projects,
being involved in feasibility studies, environmental assessments,
licensing, construction, operations, and decommissioning at the Star
Lake, Jasper, and Contact Lake mines in Saskatchewan.
Mr. Tosney's leadership skills and technical expertise have taken him
from Saskatchewan Mining Development Corporation (1981) to senior
management positions with Cameco Corporation, President of Cigar Lake
Mining Corporation, and Executive Vice President of COGEMA Resources
Inc. (Areva Group). Mr. Tosney currently serves as a director of Golden
Band Resources and as Executive Advisor at Areva Resources Canada Inc.
John has also for many years played a leading role as an industry
representative on many committees dealing with mine development issues.
In 2005, John received the Outstanding Achievement Award by the
Association of Professional Engineers and Geoscientists of
Saskatchewan. Mr. Tosney holds a B.Sc. (Hons.) in Mining Engineering
from Nottingham University and an M.Sc. in Management Studies from
Durham University.
"While Dr. Kirchner's presence as a director will be missed, we
certainly understand his desire to spend more time with family and
friends in his native Austria. We are, on the other hand, very pleased
that he has agreed to be available to us on our Advisory Board where we
can continue to draw upon his encyclopedic mining knowledge," commented
Rob Garden, Mindoro's Chairman. "Dr. Kirchner strongly recommended
John Tosney to fill the vacancy that his departure has created. I have
known John for more than 20 years and worked with him extensively over
that period. I know that John will be an energetic board member and an
enthusiastic supporter of our many promising projects in the
Philippines."
The company has granted incentive stock options to MR. Tosney to
purchase 100,000 common shares at an exercise price of $0.18 per share
for a five year term. Options will vest over one year with one half of
the options vesting in each six month period following the date of
issue. Granting incentive stock options provides long term incentive to
the company's key personnel and further ensures that the interests of
the company's personnel are aligned with the interests of the company's
shareholders. The grant of options is subject to regulatory approval.
ABOUT MINDORO
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO)
and the Frankfurt Stock Exchange (WKN 906167). Mindoro is focused on
copper-gold and nickel exploration in the Philippines with a strategy
of advancing early stage opportunities to production or joint venture.
Mindoro has NI43-101 resource estimates on its Agata North
nickel-cobalt project and on both its Lobo (SWB) and Archangel (Kay
Tanda) gold-silver projects. Mindoro has also identified 22 porphyry
copper-gold prospects and has a Memorandum of Understanding with Avocet
Mining and a Letter of Agreement with Gold Fields covering its Batangas
projects.
For further information, contact:
INVESTOR RELATIONS - CANADA
Mindoro Resources Ltd.
Penny Gould, President: penny@mindoro.com
Tel: 780.413.8187 or Toll Free: 1.877.413.8187
www.mindoro.com
Renmark Financial Communications Inc.
Barbara Komorowski: bkomorowski@renmarkfinancial.com
Jason Roy: jroy@renmarkfinancial.com
Tel: 514.939.3989
www.renmarkfinancial.com
INVESTOR RELATIONS - EUROPE
Argentuminvest GmbH
Richard H. Mayr: info@argentuminvest.com
Tel: +49.9421.568899-0
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
This release may contain forward-looking statements including
management's assessments of future plans and operations, and
expectations of future production. These statements are based on
current expectations that involve a number of risks and uncertainties,
which could cause actual results to differ materially from those
anticipated. These risks include, but are not limited to, the risks
associated with the mining and exploration industry (e.g. operational
risks in development, exploration and production; delays or changes in
plans with respect to exploration or development projects or capital
expenditures; the uncertainty of reserve estimates; the uncertainty of
estimates and projections relating to production). The assumptions used
in the preparation of such statements, although considered reasonable
at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.
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Copyright (c) 2009 MINDORO RESOURCES LTD. (MIO) All rights reserved.
For more information visit our website at http://www.mindoro.com/ or
send mailto:info@mindoro.com
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VanEck Vectors Global Alternative Energy ETF
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EN DÉVELOPPEMENT |
CODE : MIO.V |
ISIN : CA6029131050 |
CUSIP : 602913105 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Mindoro Res. est une société d’exploration minière de nickel et de cuivre basée au Canada. Mindoro Res. est en développement de projets de nickel, de cuivre, de cobalt et de fer aux Philippines, et détient divers projets d'exploration aux Philippines. Son principal projet en développement est AGATA aux Philippines et ses principaux projets en exploration sont LOBO, ARCHANGEL, TAPIAN MAIN et TAPIAN SAN FRANCISCO aux Philippines. Mindoro Res. est cotée au Canada, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 237 211 (183 103 US$, 165 873 €). La valeur de son action a atteint son plus haut niveau récent le 22 juin 2007 à 1,31 , et son plus bas niveau récent le 05 juillet 2016 à 0,01 . Mindoro Res. possède 47 442 200 actions en circulation. |