Orosur Mining Inc. Announces Change of Chairman
17 Janeiro 2012 - 5:00AM
Business Wire
Orosur Mining Inc. (the "Company") (TSX VENTURE: OMI)
(LSE: OMI) announces that Mario Caron has stepped down as Chairman.
He will continue as a Non Executive Director. Mr. Ralph Browning,
who has been a Non-Executive Director of Orosur Mining since
December 2010, will become Executive Chairman of the Board with
immediate effect.
Mr. Caron joined the Board of the Company as Chairman on
October, 2009. He has recently been appointed as Chief Executive
Officer of Aldridge Minerals Inc. and is stepping down as Chairman
of Orosur to dedicate more time to this role.
David Fowler, Orosur Mining Director and Chief Executive Officer
said, "I am delighted to welcome Ralph to the role of Chairman of
Orosur Mining. Ralph's experience in corporate development and
international transactions will be invaluable as we look to build a
leading gold producer in South America.”
"I wish to thank Mario Caron for his leadership and dedication
to the development of our Company, exemplified by the recent
successful commissioning of Orosur’s first underground mine at
Arenal Deeps in Uruguay and the acquisition of the prospective
‘Mina Talca’ exploration properties in Chile."
Mr. Browning, aged 48, is a finance executive with over 25 years
of experience in the banking and finance industry including board
and management expertise in corporate development, fund management
and capital markets running businesses in the Americas, Europe,
Middle East, Africa and South-East Asia.
He holds a Bachelor of Science degree in Geography from The
London School of Economics and Political Science and has been a
registered representative of the London Stock Exchange.
Mr. Browning started his career at Imperial Chemical Industries
(now "ICI") managing a base and precious metals portfolio for use
as catalysts by ICI in its petrochemical and other businesses.
Subsequently, he has been involved in the establishment and growth
of numerous other businesses with Citibank, NatWest and Deutsche
Bank as well as other significant providers of risk capital. He is
also Chairman of London quoted GMA Resources Plc.
ENDS
Neither 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.
About Orosur Mining Inc.
Orosur Mining Inc. is a fully integrated gold producer and
exploration company focused on identifying and developing gold
projects in Latin America. The Company operates the only producing
gold mine in Uruguay (San Gregorio), and has assembled an
exploration portfolio of high quality assets in Uruguay and Chile.
The Company is quoted in Canada (TSX-Venture Exchange: OMI) and
London (AIM: OMI).
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