Augustine Ventures Announces Appointment of New Officers and Directors
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 01/13/12 -- Augustine Ventures Inc. (CNSX: WAW) ("Augustine" or the "Company") announces the appointment of Messrs. Robert B. Dodds and Dexter John to the Board of Directors of the Company. The Company also announces the appointment of Dr. Dodds as Chairman of the Board and the appointment of Mr. Khurram R. Qureshi as Chief Financial Officer. Mr. Wayne Isaacs will remain on the board as an Executive Director and will continue as President and Chief Executive Officer of the Company.
A brief resume and backgrounds of the new appointees follow.
Dr. Robert Dodds, P. Eng
Robert B. Dodds has 42 years working experience, primarily in the mining industry. In addition, Dr. Dodds has authored 17 articles which have been published in various North American technical journals.
Dr. Dodds has recently held the position of President and GM of an electric distribution subsidiary of Algonquin Power Utility Corp ("APUC"). Prior thereto, Dr. Dodds held various senior management positions for the last 13 years with APUC. APUC owns and operates 45 renewable and 12 thermal power generation facilities, 19 regulated water utilities and one regulated electric distribution utility. APUC's assets are located across North America and are valued at $1.1 billion.
Dr. Dodds has held the following senior management positions with APUC:
In these roles, Dr. Dodds has had responsibilities for Operations Management, Employee Hiring and Development, Development of Health and Pension Benefits Plans, Integration of Employees (of acquired assets), Negotiation of Collective Bargaining Agreements, Operating Profit, Capital Planning, Customer Relations and Customer Service.
Dr. Dodds has had extensive experience in resource exploration, development and production with various resource companies and their operations including, Barrick Gold Corporation, The Kidd Creek Mine, Teck Resources Limited, Cominco, The Kerr Addison Mine and Diavik Diamond Mines Inc.
Dexter D.S. John. LL.B
Dexter John is a graduate of Queen's University, Faculty of Law. He is currently a Senior Vice President with Phoenix Advisory Partners, a proxy solicitation and corporate governance advisory firm.
Mr. John is responsible for business development across Canada. He is also responsible for the strategic implementation of the Phoenix Advisory Partners corporate governance platform. In addition, Mr. John has published numerous articles on various industry specific issues such as Say on Pay, ESG, Majority Voting, Board Diversity and Shareholder Rights Plans. He also maintains strong relations with proxy advisory firms on behalf of clients as well as interactions with various regulatory authorities with respect to improving industry standards.
Mr. John also served as Executive Vice President and General Counsel at Kingsdale Shareholder Services Inc. in which he was responsible for business development across Canada.
Prior to joining Kingsdale, Mr. John held various senior positions at Metcalfe & Mansfield Capital Corp. and Coventree Capital, and legal counsel positions with The Investment Dealers Association of Canada, Stikeman Elliot and the Ontario Securities Commission.
Khurram R. Qureshi, CA
Khurram Qureshi became a Chartered Accountant in 1990 while working at a mid size CA firm. In 1996, he started his consulting firm working with companies that planned to go public through IPO's where his role was to prepare the target company for audits, corporate governance, stock option plans, policies and procedures for operations.
Mr. Qureshi served as Director of Risk Management and later CFO for SLMSoft.com in which he was a member of its M&A team that successfully completed 5 acquisitions within their sector.
Over the past 15 years, Mr. Qureshi has served as the CFO for Infocorp Computer Solutions and Astaware Technologies Ltd. in the technology sector, Lingo Media Corporation in the publishing sector and Estrella Gold Corporation where he successfully completed 3 acquisitions in the resources sector.
In addition to preparation of year-end and quarterly financial statements and management discussion and analysis, he also successfully assisted in the completion of several private placement financings, mergers and acquisitions, IFRS conversions, share consolidations, debt conversions and business acquisition reports. Currently, Mr. Qureshi is a partner in a boutique CA firm based in the Greater Toronto Area.
Other Resignations and Changes
In keeping with the above, Mr. Wayne Isaacs has resigned as Chairman of the Board of Directors in favour of Mr. Dodds. Mr. Isaacs will remain on the board as Executive Director and will continue his involvement with the Company as its President and Chief Executive Officer.
Mr. Stewart Wright has resigned as a Director of the Company. The Company thanks Mr. Wright for his invaluable service and wishes him all the best in his future endeavours.
Mr. John V. Tokarsky has also resigned as Chief Financial Officer of the Company in favour of Mr. Qureshi. Mr. Tokarsky will continue with the Company as its Corporate Secretary and Controller.
Wayne Isaacs, President and CEO of Augustine states that, "I would like to thank Stewart Wright for his guidance over the past year. While we will miss his very valuable contribution, I would like to extend best wishes to Stewart in his future pursuits. We welcome Messrs. Dodds and John to the Board of Directors and Mr. Qureshi as the new CFO. As you can see from the brief synopsis of their respective CV's, we will benefit greatly from their tremendous respective knowledge and experience. We are well underway towards building a world class board and management team and we remain very excited about the future prospects of our Wawa Gold Project".
As a result of the board and management changes, the current members are as follows:
Granting of Incentive Stock Options
In keeping with the Company's compensation policies, the board of directors has granted a total of 2,612,500 in new stock options to its officers, directors, employees and consultants pursuant to the terms of the Company's stock option plan. The options are exercisable at $0.20 per common share and will expire on October 1, 2013 as to 1,055,000 shares, January 1, 2014 as to 527,500 shares and June 1, 2014 as to 1,030,000 shares.
About Augustine Ventures Inc.
Augustine Ventures Inc. is a junior gold exploration company which has secured an option to earn a 60% interest in the Surluga Gold Project which encompasses 2,345 hectares in McMurray Township, southeast of the town of Wawa. Over 95 percent of the Property consists of leases and/or patents for both mineral and surface rights that are easily accessible. The Property has a known depth extension to 600 meters, a history of past production from the known deposits and a large number of untested but documented gold occurrences on the Property.
Augustine has recently acquired a 100% undivided interest in an additional 161 claim units totalling 2,576 hectares adjacent to its Surluga Gold Project (known as the Oakley Lake Property) situated in McMurray and Naveau Townships near Wawa, Ontario.
Contacts:
Augustine Ventures Inc.
Wayne Isaacs
President & CEO
(416) 363 2528
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Datum: 13.01.2012 - 21:37 Uhr
Sprache: Deutsch
News-ID 104100
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TORONTO, ONTARIO
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Mining & Metals
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