TORONTO, July 16, 2013 /CNW/ - Aldridge Minerals Inc. (TSX Venture: AGM)
("Aldridge" or the "Company") announced today that Mario Caron,
President and CEO has resigned his position effective July 31, 2013.
Mr. Caron has also resigned his seat on the Company's Board of
"On behalf of the Board, we would like to thank Mr. Caron for his
service and we wish him well with his future endeavours", said Barry
Hildred, Chairman of Aldridge. "During his tenure, the Company was
successful in advancing the development of its flagship Yenipazar
project which culminated in the successful completion of a feasibility
study earlier this year resulting in the 100% earn-in of the project.
The Company will now focus on retaining new leadership that will guide
us through our next phase of development."
To effectively manage the transition to new leadership, Aldridge has
established a Special Committee of the Board that will provide general
supervision and management of the day-to-day affairs of the Company.
In addition, the Special Committee will be responsible for overseeing a
process to identify and hire a new Chief Executive Officer.
Aldridge is a development stage mining company focused on its wholly
owned Yenipazar polymetallic VMS deposit (Au, Ag, Cu, Pb, Zn) in
Turkey, a country that is committed to developing its natural
resources. Aldridge completed the Yenipazar feasibility study and filed
the related NI 43-101 compliant technical report in May 2013 and is
currently advancing the project on key aspects including permitting and
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 news
SOURCE: Aldridge Minerals Inc.
For further information:
Chairman of the Board
Director of Corporate Development & IR