Curis Announces Changes to Management Team
VANCOUVER, April 7, 2014 /CNW/ - Curis Resources Ltd. ("Curis" or the "Company") (TSX: CUV) announces that Michael McPhie has resigned as President and CEO and director of Curis to accept a role as a Senior Executive with another company. Mr. McPhie will continue to serve as President of Florence Copper Inc., a wholly owned subsidiary of Curis, and as an advisor to the Company until April 23, 2014.
The Board of Directors is conducting a search for Mr. McPhie's successor. Pending completion of the search, Curis has appointed David Copeland, P.Eng., as interim President and CEO of the Company. Mr. Copeland has been a director of Curis since January 2011 and Co-Chairman of the Board since September 2012.
"On behalf of the Curis Board of Directors, I would like to thank Michael for his leadership since 2010, guiding Curis during its evolution from a private to a public company and through the initial advancement of the Florence Copper project. We wish him well in his future endeavours," said Co-Chairman Russell Hallbauer.
"David Copeland is a professional engineer with more than 35 years' of experience in the mining industry. His background includes a particular focus on projects at the permitting and development stages, which will be integral to the direction of Curis and Florence Copper during the current phase."
About Florence Copper
Florence Copper is engaged in the final stages of permitting for the Phase 1 Production Test Facility ("PTF") for an in-situ copper recovery project in Arizona, USA. The PTF includes a 24-well in-situ recovery well field and a state of the art solvent extraction/electrowinning plant that will produce copper cathode. The PTF will assist in the demonstration of the science and safety of the in-situ process and provide an opportunity for the public to fully engage and understand this modern copper extraction technology. Concurrently, Florence Copper continues to advance engineering, testwork, environmental studies and permitting for Phase 2 commercial operations.
For more information about Florence Copper and its projected economic impacts and benefits to the local community, please visit www.florencecopper.com. Sign up to receive project-level information at News and Updates.
Curis is focused on the acquisition, development and operation of high-quality next generation copper properties in progressive jurisdictions around the world. Its current goal is to advance the 100%-owned Florence Copper project to production.
Curis is associated with Hunter Dickinson Inc. (HDI), a diversified global mining company with a 25-year history of mineral development success. Additional details on the Company are available on the website: www.curisresources.com.
No regulatory authority has approved or disapproved of the information contained in this news release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include fluctuations in market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary environmental, land use and other permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, the final outcome of any lawsuits, the continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
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