Altan Nevada Announces Changes to the Board of Directors, Grant of Options
VANCOUVER, Jan. 23, 2014 /CNW/ - Altan Nevada Minerals Limited, TSX.V: ANE ("Altan Nevada" or the "Company") announces the appointment of Brion Theriault and Aidan Nania to the board of directors ("the Board") and the resignation of Kelly Cluer and Michael Doggett from the Board.
Mr. Nania is an Investment Banker and Managing Director of Element Capital Partners, an investment arm of Element Commodities Group, with interests in mining, oil, and gas. Mr. Nania was previously Head of Investment Banking in Australia for Casimir Capital L.P., a natural resources focused investment bank. Mr. Nania is also the President and CEO of Archean Star Resources Inc.
Mr. Theriault serves as Exploration Manager for Altan Nevada Minerals Limited. He is a Certified Professional Geologist and Qualified Person and has over 20 years of experience in precious metals exploration, development, and production including substantial experience in Nevada on the Carlin, Battle Mountain-Eureka, and Independence Trends. Mr. Theriault has consulted to successful juniors and served on the staffs of AngloGold and Newmont. Notably, at Premier Gold Mines he managed the exploration office and designed and supervised their deep-drilling program to explore and delineate the Saddle gold deposit on the Carlin Trend; and at Newmont, he discovered an extension of the Lone Tree deposit and developed the stratigraphic model which led directly to the discovery of the Barrel deposit on the Carlin Trend.
The Company wishes to thank Mr. Cluer and Mr. Doggett for their contribution to the Company over the past years and wishes them well with future endeavors.
The Company also announces that it has granted to directors, officers, consultants and management of the Company, stock options (the "Options") to purchase a total of 1,430,000 common shares at a price of $0.10 per common share. The Options are exercisable for a period of 5 years ending January 23st, 2019 and have been granted in accordance with the terms of the Company's current stock option plan.
About Altan Nevada
Altan Nevada is a leading exploration innovator focused on the discovery of large-scale ore systems in under-explored districts of Nevada, USA. The Company's holdings in Nevada currently total more than 15,002 hectares. Projects include two potential district-scale extensions to the north Carlin Gold Trend, three Yerington District copper-gold targets and three large-scale gold alteration systems along the Walker Lane lineament in central Nevada.
On behalf of Altan Nevada Minerals Limited,
Evan Jones, President & CEO
This press release may contain forward looking statements including those describing Altan Nevada's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Altan Nevada and its management.
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.
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