A1 Consolidated Gold Limited - Changes to Board of Directors
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 04 October 2013
Release date- 02102013 - A1 Consolidated Gold Limited (ASX: AYC) is pleased to report that Mr. Peter Chen has accepted a position as a Non-Executive Director of AYC effective immediately.
Mr. Chen has a degree in Bachelor of Commerce and a degree in Bachelor of Law, both conferred by the Australian National University. Peter is a corporate lawyer with over 16 years of experience in private legal practice and has served as independent nonexecutive director for public listed companies in Malaysia.
Peter has since ceased practice and for the past six years, has been actively focused on setting-up gold mining operations worldwide and since 2011, is the Director of Business and Corporate Development for LionGold Corp Ltd (SGX: Code A78).
Mr. Chen's current Australian Directorships are:
Executive Director of Signature Metals Ltd
Director of Brimstone Resources Ltd, a 100% subsidiary of LionGold Corp Ltd. With the changes to AYC's Board, the resignations of Executive Directors, Mr. Darren Russell-Croucher, Mr. Glenn Wardle and Non-Executive Director, Mr. Jeff Williams are effective immediately.
Mr. Darren Russell-Croucher has accepted a position of Technical Manager within the Management Team at the A1 Gold Mine.
Managing Directors Comments
Managing Director Dennis Clark said 'The Board would like to welcome Mr. Peter Chen as a Director of the Company. Peter will bring a wealth of experience and corporate acumen in gold mining to the Company.' 'The Board would also like to acknowledge the valuable contributions by Darren, Glenn and Jeff as Directors of the Company.' 'I would like to especially express my gratitude to Darren, as a founding Director of AYC, his help, support and friendship made this Company possible.'
About the Company
A1 Consolidated Gold Ltd is a junior gold exploration company focused on developing the A1 Gold Project in the Woods Point - Walhalla Goldfield located in north-eastern Victoria. The Company has also acquired two mineral tenements to the north of the A1 Gold Mine for further exploration. A1 Consolidated Gold is currently undertaking underground development at the A1 Gold Mine. The mining design is for a bulk mineable block.
Forward Looking Statements
Certain statements made during or in connection with this communication, including, without limitation, those concerning the economic outlook for the mining industry, expectations regarding gold prices, exploration costs, production costs and other operating results, growth prospects and the outlook of A1 Consolidated Gold Limited's operations contain or comprise certain forward looking statements regarding A1 Consolidated Gold Limited's exploration & development operations, economic performance and financial condition.
Although A1 Consolidated Gold Limited believes that the expectations reflected in such forward looking statements are reasonable; no assurance can be given that such expectations will prove to have been correct.
Accordingly, results could differ materially from those set out in the forward looking statements as a result of, among other factors, changes in economic and market conditions, success of business and operating initiatives, changes that could result from future acquisitions of new exploration properties, the risks and hazards inherent in the mining business (including industrial accidents, environmental hazards or geologically related conditions), changes in the regulatory environment and other government actions, mine development and operating risks, delays in obtaining governmental approvals or financing or in the completion of development or construction activities, discrepancies between actual and estimated production, risks inherent in the ownership, exploration and operation of or investment in mining properties, fluctuations in gold prices and exchange rates and business and operations risks management, as well as generally those additional factors set forth in our periodic filings with ASX.
A1 Consolidated Gold Limited undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events.
Tel: +61 8 9389 2111
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