TORONTO, May 24, 2013 /CNW/ - Cline Mining Corporation ("Cline" or the "Company") (TSX: CMK) announced today that Mr. Kenneth Bates has resigned as President, CEO and director of the Company and its subsidiary, effective immediately. Mr. Bates has served as President, CEO and director of the Company since foundation.
The Company's Executive Chairman, Mr. Mark Haywood stated "We wish to thank and express our gratitude to Ken for his dedicated service and numerous contributions made to the Company under often challenging conditions. We wish him well in his future endeavours."
Additionally, the Company announced that Mr. V. James Sardo has been appointed a director of the Company. Mr. Sardo is a corporate director with significant CEO and corporate governance experience. He is currently a director and Chairman of the board of Capstone Infrastructure Corporation, a director of New Flyer Industries and a director of Currency Exchange International Corporation. He earned his Bachelor of Arts degree from The University of Western Ontario and a Master of Business Administration degree at McMaster University. Mr. Sardo is a member of the Institute of Corporate Directors and holds the ICD.D designation.
Cline is a Canadian mining company focused on the development of its 100% owned New Elk coking coal mine located in Colorado, U.S.A. The Company also has interests in metallurgical steel making coals in Canada, an iron ore project in Madagascar, and the Cline Lake gold property in northern Ontario, Canada. With a head office in Toronto and site offices at the mine, Cline is led by a management and operations team with over 100 years of exploration and mining experience.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
SOURCE: Cline Mining Corporation
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