Andina Minerals Appoints Chief Financial Officer
01 Novembro 2010 - 6:31PM
Marketwired
ANDINA Minerals Inc. (TSX VENTURE: ADM) (the "Company") is pleased
to announce the appointment of Mr. Derrick Weyrauch as Chief
Financial Officer of the Company, effective immediately.
Mr. Weyrauch has 20 years of senior financial leadership
experience in mining and the contract, automotive and medical
device manufacturing industries. Mr. Weyrauch brings extensive
senior management experience including financing, corporate
turnaround and restructuring, strategic planning and M&A
transactions. He is currently the Chief Financial Officer of Malbex
Resources Inc., a publicly traded gold mining company, and will
continue in that capacity until January 31, 2011 to assist Malbex
in their transition.
Previously, Mr. Weyrauch was the Treasurer and Director of
Finance for Gabriel Resources Ltd., also a publically traded gold
mining company. Mr. Weyrauch is a Chartered Accountant having
earned his CA designation with KPMG LLP in 1990. He is also a
member of the Institute of Chartered Accountants of Ontario and
holds a Bachelor of Arts degree in Economics.
George Bee, President and CEO commented, "Mr.Weyrauch's mine
development background combined with his broad and varied senior
financial leadership and management experience will be very
valuable to Andina as it completes a prefeasibility study for the
Volcan Gold project in early 2011 and beyond through Volcan's
continued development."
Mr. Weyrauch was granted 365,000 stock options in the capital of
the Company. The options are priced at $1.40 and expire on November
1, 2015.
The Company also announces that on November 1, 2010, it granted
70,000 stock options in the capital of the Company to consultants
who perform Investor Relations functions for the Company. The
options are priced at $1.40 and expire on November 1, 2015.
About Andina Minerals Inc.
Andina's primary focus is mining exploration and development in
Chile. The Company's flagship development project is the 100%-owned
Volcan Gold Project, strategically located in the prolific
Maricunga Gold Belt. Andina is progressing with a prefeasibility
study for Volcan, targeted for completion in early 2011.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Andina Minerals Inc. George M. Bee President & CEO
416 203 3488 Andina Minerals Inc. Investor Relations 416 203 3488
www.andinaminerals.com
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