TORONTO, April 16, 2013 /CNW/ - Cline Mining Corporation ("Cline" or the "Company") (TSX:CMK) announced today that, the Hon. Brian Tobin, P.C., O.C., has resigned from the Board of Directors effective immediately, to become Vice-Chair of BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group. Mr. Tobin joined the Board of Cline in February, 2013.
"The Board and senior management of Cline would like to thank Brian for his invaluable advice and counsel. We wish him well as he takes on a role where he will no doubt once again make a positive contribution to the broader Canadian economy," said Bill McKnight, Chairman.
Cline Mining is pleased to announce the appointment, effective immediately subject to the approval of the Toronto Stock Exchange, of Daniel Veniez to its Board of Directors.
Mr. Veniez is currently president of DDV Enterprises Inc. and Chairman of Pink Lotus Infrastructure Inc. He has over 20 years of experience in the global resource sector, which includes coal and forest products. Mr. Veniez has overseen the restructuring of several companies and has extensive public policy experience at the federal and provincial levels. Mr. Veniez is based in Vancouver.
The Company welcomes Mr. Veniez and looks to benefit from his insight and experience.
Cline has metallurgical coal property interests in British Columbia and in Colorado, U.S.A. including the 100% interest in the New Elk coking coal mine. Cline is focused on the exploration and development of metallurgical steel making coals in Canada and the U.S., and on its iron ore property in Madagascar and its Cline Lake gold property in northern Ontario, Canada.
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SOURCE: Cline Mining Corporation
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