VANCOUVER, Feb. 6, 2014 /CNW/ - Discovery Harbour Resources Corp. (TSXV:DHR) ("Discovery", "Company") is pleased to announce the appointment of Frank D. ("Bruno") Hegner as President and CEO of the company. Mr. Hegner will replace Ian Graham who was President and CEO of Discovery Harbour since its founding as a private company in March, 2009, and continued as President and CEO following its transition to the public markets through a Reverse Takeover transaction with Cayman Ventures Corp. by way of Plan of Arrangement on April 2nd, 2013.
Mr. Hegner has been an Independent Board Member of Discovery Harbour since October 2011, and continued on the public company board following the Company's RTO in April, 2013. He has over 25 years of experience in the mining industry and has held a variety of staff and operational positions with Cyprus Minerals Company, Magma Copper Company and Rio Tinto plc. He retired from Rio Tinto as Managing Director of the Copper Projects Group where he was responsible for development of the Resolution and La Granja copper projects. Mr. Hegner holds a Bachelor of Arts Degree in Russian History from Fort Lewis College in Durango, Colorado and a Juris Doctor Degree from the University of Denver College of Law. He has also pursued post-graduate studies at Duke University, the London School of Business and the Colorado School of Mines.
"Bruno is a wonderful choice of President for Discovery", states Ian Graham, outgoing President and CEO. "His international experience among large and mid-size production companies in both their operating and exploration units has given Bruno a comprehensive knowledge of the discovery pipeline process, from evaluation through to production. Bruno and I met at Rio Tinto whilst Bruno oversaw the exploration business' farm-in, JV and investment relationships with junior exploration companies, a role he created and defined, and which lead to great value creation for that company. I am thrilled that Bruno has agreed to replace me at Discovery Harbour, and I leave Discovery confident that it will prosper under his leadership."
The Board wishes to welcome Bruno to the role of President and CEO, and looks forward to working with him to advance the Company and its projects. The Board also would like to thank Mr. Graham for his efforts to establish the company and succeed with listing the company in difficult public markets. All at Discovery Harbour wish him success in his future endeavours.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.
J. Patricio Varas
Director; Chair - Compensation Committee
Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the new CEO, his management capabilities and the prosperity of the Company under his leadership. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the new CEO may not perform as expected, that the Company may not prosper under his leadership for any reason whatsoever. Except as required by law, we do not intend to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Discovery Harbour Resources Corp.
For further information:
contact Kieran Magee by telephone at (604) 689-1799 or email [email protected]