New EurOmax Board of Directors Elected at Annual General Meeting
TSX.V. EOX
Frankfurt. OMZ
VANCOUVER, Sept. 23 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) ("EurOmax" or, the "Company") announced today that the following individuals have been elected as the board of directors at the adjourned EurOmax Annual General Meeting: John Nugent, Mark Gustafson, Randal Matkaluk, and Donald Siemens.
In addition, John Nugent has been appointed Executive Chairman of the board of directors and Mark Gustafson has been appointed President & CEO of the Company. Mr. Christopher Serin has agreed to remain as Chief Financial Officer during the transition period.
The members of the new board of directors wish to thank all the shareholders who supported the change in the direction of the Company. The directors understand that their mandate is to review and assess all aspects of the Company and its operations and, with the assistance of new personnel, develop and execute a new strategy for the Company. Mr. Nugent is traveling to Bulgaria to commence a review of the Company's operations in Southeastern Europe and Mr. Gustafson is starting a concurrent review process in Vancouver with the assistance of Mr. Siemens.
Within the next few months the Company intends to complete a formal review of all the properties in its portfolio and formalize an appropriate exploration plan that takes into account the Company's available cash resources and any available strategic alternatives.
Mark Gustafson, President and CEO, states "We are thankful that the lengthy and costly proxy contest has been concluded, and thank Mr. Dimitrov for his role in bringing it to a close. We also wish to thank Dr. Patriarco for his assistance during the proxy contest and wish him all the best in his future private ventures. We now look forward to devoting our attention to the business of the Company and developing a focused plan for the benefit of the Company and all its shareholders".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: For further information:
Mark Gustafson, President & CEO
(604) 454-8677
[email protected]
For further information about EurOmax Resources Limited please visit the Company's website:www.EurOmaxresources.com.
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