TORONTO, May 21, 2013 /CNW/ - Cline Mining Corporation ("Cline" or the "Company") (News - Market indicators) announced today that Mark Haywood has been appointed as Executive Chairman of the board of directors of Cline. Mr. Haywood joined the board of directors on February 11, 2013.
Ken Bates, Chief Executive Officer of Cline stated "We are very pleased to have access to Mark's extensive expertise and experience in the mining industry. Along with his strong industry background, Mark brings a strategic focus to the Company which will be instrumental in Cline moving forward to complete its financial restructuring together with Marret Asset Management Inc., and its ongoing success."
Additionally the Company announced that The Honourable Bill McKnight, P.C. resigned as Chairman of the board of directors effective May 18, 2013. Mr. McKnight has served as a director of the Company since December 8, 2004 and as Chairman of the board since January 26, 2005. Mr. McKnight will continue to serve as a director of Cline. Additionally, Peter Elzinga has resigned from the Company's board of directors. Mr. Elzinga has served as a director of Cline since June 11, 2010.
"We wish to thank and express our gratitude to the Hon. Bill McKnight and Mr. Peter Elzinga for the dedicated, valuable and important service and contributions they have each made to the Company," commented Ken Bates, Chief Executive Officer of Cline.
About Cline
Cline has metallurgical coal property interests in British Columbia and in Colorado, U.S.A. including the 100% interest in the New Elk coking coal mine. Cline is focused on the exploration and development of metallurgical steel making coals in Canada and the U.S., and on its iron ore property in Madagascar and its Cline Lake gold property in northern Ontario, Canada.
Head office:
Brookfield Place, 181 Bay Street, 3rd Floor, Clarkson Gordon Heritage Building, Toronto, ON, M5J 2T3
SOURCE: Cline Mining Corporation
For further information:
Ken Bates, President and CEO
Office: (416) 504-7600
Email: kbates@clinemining.com