Toronto Stock Exchange: VG
VANCOUVER, Oct. 1, 2013 /CNW/ - Veris Gold Corp. ("Veris" or the "Company") (TSX: VG) (OTCQB: YNGFF)
(Frankfurt Xetra Exchange: NG6A) today announced that effective immediately, Mr. R. Llee Chapman, has
resigned as Director, President and Chief Executive Officer of Veris
Gold Corp. Mr. Chapman, who came out of retirement to join the Company
April 2013, will continue in his previous role as a business
development consultant to the Company.
Mr. Chapman's key mandate, which was focused in Elko, Nevada, was to
enhance and strengthen community, government, and local mining
Having fully completed that mandate, Mr. Chapman will now continue on as
a business development consultant to the Company to assist with
identifying further toll milling, as well as other growth opportunities
consistent with the Company's strategy.
The Management Committee, which has overseen the recent operational and
financial successes of the Company, remains intact. This group will
continue to support the frontline personnel who have been responsible
for the greatly improved performance exhibited across the board at
Jerritt Canyon. The Company remains on target with year-end production
and cash cost guidance, and the Jerritt Canyon Mill facilities continue
to be optimized in order to perform at and above expectations.
Management continues to work on refinancing opportunities, and expects
to deliver an announcement to its shareholders in due course.
The Board of Directors and Senior Management of Veris Gold wish Mr.
Chapman the best in his return to retirement and look forward to his
continued contributions as a consultant to the Veris Team.
The Board of Directors of Veris Gold has appointed Mr. François Marland
as President and Chief Executive Officer of the Company and Mr. Gerald
Ruth, Director has been appointed as Chairman.
Mr. Marland has over twenty years of global business experience and has
been a Director of the Company since 2009.
About Veris Gold Corp.
Veris Gold Corp. is a growing mid-tier North American gold producer in
the business of developing and operating gold mines in geo-politically
stable jurisdictions. The Company's primary assets are the permitted
and operating Jerritt Canyon mill and gold mines located 50 miles north
of Elko, Nevada, USA. The Company's primary focus is on the
re-development of the Jerritt Canyon mining and milling facility. The
Company also holds a portfolio of precious metals properties in British
Columbia and the Yukon Territory, Canada, including the former
producing Ketza River Project.
On behalf of
"VERIS GOLD CORP."
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The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release. All material information may be
accessed at www.sedar.com.
Forward-Looking Statements This press release contains "forward-looking statements" and "forward
looking information" within the meaning of applicable securities laws.
All statements, other than statements of historical fact, including
without limitation, statements relating to plans for or intentions with
respect to the offering of Securities and the Company's use of proceeds
from the sale of Securities are forward-looking statements. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". By their nature,
forward-looking statements and information are based on assumptions and
involve known and unknown risks, uncertainties and other factors that
may cause our actual results, performance or achievements, or industry
results, to be materially different from future results, performance or
achievements expressed or implied by such forward-looking information.
Such risks, uncertainties and other factors include among other things
the following: the Company's ability to engage underwriters, dealers or
agents on terms and conditions deemed reasonable by the Company; the
need to satisfy regulatory and legal requirements with respect to any
offerings; gold price volatility; discrepancies between actual and
estimated production and mineral reserves and resources; the
speculative nature of gold exploration; mining operational and
development risk; and regulatory risks. See our Annual Information Form
for additional information on risks, uncertainties and other related
factors. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company
does not undertake to update any forward-looking statements that are
incorporated by reference herein, except in accordance with applicable
SOURCE: Veris Gold Corp.
For further information:
Veris Gold Corp.
Joanne C. Jobin
VP, Investor Relations
T: (647) 964-0292
NA Toll Free: 1-855-688-9427
Veris Gold Corp.
Investor Relations Manager
T: (604) 688-9427 ext 224
NA Toll Free: 1-855-688-9427
Chairman T: +49 711 25 35 92 40