TORONTO, May 14, 2012 /CNW/ - Red Tiger Mining Inc., (TSXV-RMN), (the "Company" or "Red Tiger") is pleased to announce the appointment of Sergey Yanchukov as a new member of the Board of Directors and the resignation of Daniel Major as a director of the Company. The appointment is subject to the approval of the TSX Venture Exchange
Mr. Yanchukov has over 12 years' experience in investment business and over 7 years' experience in mining. Mr. Yanchukov holds an Economic Degree from Odessa State University, Ukraine, and PhD in Economics from the Scientific-Research Institute of Social-Economic Statistics in Moscow, Russia. From 2000 to 2010 Mr. Yanchukov held progressively senior positions with various companies in Russia involved in trading, financial and mining business. He is the major shareholder of Russian oil and gas producing company Mangazeya JSC and is the founder of the asset management company Mangazeya Finance, an active player in the public securities markets of the Russian natural resources companies. Mr. Yanchukov also focuses on private equity investments with emphasis on the high growth opportunities, including early stage companies and business restructurings.
Red Tiger is listed on the TSX Venture Exchange, (symbol RMN). Common shares currently outstanding is 65,557,175.
This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions, including securing additional funding.
Neither TSXVenture 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.
For further information:
Red Tiger Mining Inc.
20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada
Fax: 416 367 3638, www.redtigermining.com
Dr. Thomas Utter
President and CEO
Tel.: +1 521 662 210 5650
Frank van de Water
CFO and Secretary
Tel.: 416 869 0772