OAKVILLE, ON, Oct. 2, 2014 /CNW/ - Canoe Mining Ventures Corp.
(TSXV: CLV) ("Canoe") is pleased to announce the appointment of Mr.
Duane Parnham as President and CEO
of Canoe effective immediately. Mr. Parnham has had a long
successful career working in the resource sector and gained a
thorough understanding of the Canoe assets in his current position
as Executive Chairman of Giyani Gold Corp., Canoe's largest
shareholder.
Mr. Parnham has developed exploration companies from the
start-up stage to fully-permitted projects and has a track record
of creating shareholder value by working with governments and
landowners to identify high-impact and underdeveloped projects that
will benefit from his financial, managerial, and technical
expertise. In addition to Canoe, Mr. Parnham has founded several
resource-focused companies including Forsys Metals Corp., Temex
Resources Corp., Giyani Gold Corp., Angus Mining (Namibia) Inc., and UNX Energy Corp. which,
under the direction of Mr. Parnham, was sold to a major Brazilian
oil and gas company for $730 million.
Mr. Parnham has served as a director of Canoe since the company
listed and will continue to hold this position.
Canoe also announces that Mr. Chuck
Allen has resigned as President and CEO of Canoe to focus on
his role with Giyani Gold Corp., a company that is currently
working towards a business combination. Canoe's board of directors
would like to thank Mr. Allen for the significant contributions he
made during Canoe's acquisition of Birch Hill Gold Corp. and the
TSXV listing process and they wish him every success in his future
endeavors.
Additional information and corporate documents may be found on
www.sedar.com and on the Canoe Mining website:
www.canoemining.com.
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 news release.
On Behalf of the Board of Directors of Canoe Mining,
Duane Parnham, President and CEO
SOURCE Canoe Mining Ventures Corp.