TORONTO, May 10, 2013 /CNW/ - St Andrew Goldfields Ltd. (T-SAS) (OTCQX-STADF), ("SAS" or the "Company") today announced that each of the nominees for
director of the Company as listed in the Company's 2013 Management
Information Circular (available under the Company's profile on SEDAR at
www.sedar.com and on the Company's website at www.sasgoldmines.com) were elected at its Annual and Special Meeting of Shareholders held on
May 9, 2013. The results of the vote are as follows:
PERCENTAGE OF VOTES CAST IN FAVOUR
Detailed voting results for all matters considered at the meeting are
available on SEDAR at www.sedar.com.
Appointment of Graham Farquharson as Chairman of the Board of Directors
Mr. Graham Farquharson, a member of the Board since June 2009, was
appointed Chairman of the Board of Directors (the "Board") of SAS
replacing Dr. Louis Gignac, who did not stand for re-election.
Mr. Farquharson is a graduate in mining engineering from the University
of Alberta, with an MBA from Queen's University, as well as an honorary
Doctor of Science degree from the University of New Brunswick. He has
worked extensively in operations across Canada as well as
internationally while responsible for the overall direction and
management of Strathcona Mineral Services since its inception in 1974.
Mr. Farquharson coordinated the technical audit of the Busang project
of Bre-X Minerals in Indonesia and subsequent investigation work after
Strathcona reported the possible fraud implications. Strathcona also
pioneered mining development in the Canadian Arctic with the
construction and operation of the Nanisivik zinc mine on northern
Baffin Island. Mr. Farquharson has served as a director of a number of
mining companies and not-for-profit organizations, and is currently a
director of Franco-Nevada Corporation, Physicians Services Incorporated
Foundation, and is Chairman of the Canadian Mineral Industry Education
Foundation. Mr. Farquharson is a highly regarded individual in the
mining community, and was inducted into the Canadian Mining Hall of
Fame in 2010.
Dr. Gignac steps down as director and Chairman of the Board. The Board
wishes to thank Dr. Gignac for his dedication and service over the
years, having served as a director since 2007 and Chairman of the Board
since 2009. Jacques Perron, President and CEO said, "Dr. Gignac's
commitment over the past 6 years to the success of the Company is
SAS (operating as "SAS Goldmines"), is a gold mining and exploration
company with an extensive land package in the Timmins mining district,
north-eastern Ontario, which lies within the Abitibi greenstone belt,
the most important host of historical gold production in Canada.
SAS owns and operates the Holt, Holloway and Hislop mines which
contribute approximately 100,000 ounces of annual gold production. The
Company is also advancing the Taylor Project and is conducting an
aggressive exploration program across 120km of land straddling the
Porcupine-Destor Fault Zone.
SOURCE: St Andrew Goldfields Ltd.
For further information:
about St Andrew Goldfields Ltd., please contact:
Tel: 1-800-463-5139 or (416) 815-9855; Fax: (416) 815-9437; Website: www.sasgoldmines.com
Suzette N Ramcharan
Director, Investor Relations
President & CEO
CFO, VP Finance & Administration