TORONTO, Dec. 23, 2013 /CNW/ - Mangazeya Mining Ltd. ("Mangazeya" or the "Company") (NEX: MGZ.H) announces that it has appointed Mr. Sergey Kashuba as
Chief Executive Officer (effective December 23, 2013) and Corporate
Secretary, (effective January 1, 2014). The appointment follows the
resignation of Mr. Gary Quedado as Corporate Secretary and Mr. Sergey
Yanchukov as Chief Executive Officer. Mr. Yanchukov will continue to
lead the Company as Chairman of the board of directors.
Mr. Kashuba has served as a director of Mangazeya and its Chief
Operating Officer since July 31, 2013.
Over the past ten years Mr. Kashuba held executive positions in a number
of gold mining companies, including Zapadnaya Artel in Yakutia
Republic, GeoProMining and Zolotaya Zvezda in Krasnoyarsk region. He
has extensive experience in economic assessment, financing and trading
in gold deposits in Russia and CIS countries. From 1999 to 2002 Mr.
Kashuba was the Chairman of the Committee on precious metals of the
Russian Banking Association where he led development of legislative
initiatives aimed at liberalization of the Russian precious metals
market. From 1996 to 2002 he was the head of Precious metals Department
of Incombank and Investment Banking Corporation (Moscow). Mr. Kashuba
is a graduate of the Institute of Foreign Languages, and in his early
career worked in various state enterprises including Ministry of
Foreign Affairs of the USSR. Mr. Kashuba is currently the Chairman of
the Union of Gold Producers of Russia.
"Sergey has been an integral part of the team since joining Mangazeya"
said Sergey Yanchukov, Chairman of Mangazeya. "With his extensive
experience in the Russian mining sector and his strong leadership
abilities, the board of directors pleased he has accepted the role of
Chief Executive Officer".
The Company also announces that Mr. Sergei Tchetvertnykh has resigned
from the board of directors, effective December 23, 2013.
Mangazeya Mining Ltd. is a NEX-listed mining and exploration company,
focused on the development of mineral resources in the Russian
Neither the 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: Mangazeya Mining Ltd.
For further information:
Mangazeya Mining Ltd.
Chief Executive Officer
+ 7 (926) 529-5185