TORONTO, May 24, 2013 /CNW/ - Cline Mining Corporation ("Cline" or the "Company") (TSX: CMK) announced
today that Mr. Kenneth Bates has resigned as President, CEO and
director of the Company and its subsidiary, effective immediately. Mr.
Bates has served as President, CEO and director of the Company since
The Company's Executive Chairman, Mr. Mark Haywood stated "We wish to thank and express our gratitude to Ken for his dedicated
service and numerous contributions made to the Company under often
challenging conditions. We wish him well in his future endeavours."
Additionally, the Company announced that Mr. V. James Sardo has been
appointed a director of the Company. Mr. Sardo is a corporate director
with significant CEO and corporate governance experience. He is
currently a director and Chairman of the board of Capstone
Infrastructure Corporation, a director of New Flyer Industries and a
director of Currency Exchange International Corporation. He earned his
Bachelor of Arts degree from The University of Western Ontario and a
Master of Business Administration degree at McMaster University. Mr.
Sardo is a member of the Institute of Corporate Directors and holds the
Cline is a Canadian mining company focused on the development of its
100% owned New Elk coking coal mine located in Colorado, U.S.A. The
Company also has interests in metallurgical steel making coals in
Canada, an iron ore project in Madagascar, and the Cline Lake gold
property in northern Ontario, Canada. With a head office in Toronto and
site offices at the mine, Cline is led by a management and operations
team with over 100 years of exploration and mining experience.
For further details on Cline, please refer to Cline's web site (www.clinemining.com) and Cline's Canadian regulatory filings on SEDAR at www.sedar.com
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release. No stock exchange, securities
commission or other regulatory authority has approved or disapproved
the information contained herein.
SOURCE: Cline Mining Corporation
For further information:
Chief Financial Officer
Clarkson Gordon Heritage Building 181 Bay Street, Toronto, M5J 2T3
+1 (416) 504-7600