Shares Issued: 151,720,324
THUNDER BAY, ON, Dec. 20, 2013 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce the addition of Michael Vitton to the Company's
Board of Directors, to be effective January 1, 2014. Mike brings to
Premier a strong history in corporate development and finance including
one of the most decorated resumes in North American mine finance.
Mr. Vitton is former Executive Managing Director, Head, US Equity Sales,
Bank of Montreal Capital Markets (BMO Capital Markets). As BMO's Head
of US Equity Sales, he originated and placed some US $200 billion
through public and secondary offerings and M&A transactions until his
departure from BMO in 2009. Prior to BMO, Mike was engaged as Managing
Director, Burns Fry Ltd., between June 1984 and June 1994.
Mr. Vitton, through Burns Fry Ltd and BMO Capital Markets, has acted as
lead/co-lead underwriter or in a M&A capacity in some of the most
important deals in the metal resource sector including: Arequipa
Resources, Diamond Fields Resources, Echo Bay Mines, Franco Nevada,
Getchell Gold, Hemlo Gold, Meridian Gold, Peru Copper, Wheaton River
(Goldcorp), Randgold, Ivanhoe Mines, Osisko Mining and many others.
As the co-founder and director of Manabi Mining SA, an iron ore and
logistics company based in Brazil, he participated in raising US $850
million for the company. Mike was also the co-founder and former
director of MMX Mineracao e Metalicos SA (Brazil) and LLX Logistica SA
(Brazil). MMX sold Minas Rio and Amapa assets to Anglo American
Corporation for US $5.5 billion in cash in December 2008, returning US
$8.8 billion in cash or stock distributions to MMX IPO shareholders,
offering six times return after only two years.
Mr. Vitton is a Graduate (1980) of the University of Michigan Business
School; Former Seat Holder, NYSE; and former President, New York
Society of Metals Analysts.
Mr. Vitton said, "I look forward to working with management to elevate
the Company's profile, participate in potential strategic acquisitions,
and assist in future participation in the capital markets. Premier has
a robust portfolio of advanced-stage gold projects located in North
America's top mining camps".
Ewan Downie, Premier's President and CEO, said, "We are excited by the
prospect of working with Mike. His tremendous experience financing some
of the mining industry's major companies and brings a strong vision in
implementing strategies for growth. This experience will be important
as we assess new opportunities and advance Premier's portfolio of
projects toward development".
Premier Gold Mines Limited is one of North America's leading exploration and development companies
with a high-quality pipeline of gold projects focused in proven, safe
and accessible mining jurisdictions in Canada and the United States.
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties.
Actual events or results could differ materially from the Company's
expectations and projections.
SOURCE: Premier Gold Mines Limited
For further information:
Ewan Downie, President & CEO
Web Site: www.premiergoldmines.com