TORONTO, April 26, 2012 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) ("Wallbridge") today reported on the results of its AGM and the organizational changes made at the Board of Directors meeting after the AGM. The following individuals were elected as Directors of the Company:
| Warren Holmes
| Darryl Sittler
At the Board of Directors meeting after the AGM Warren Holmes stepped down as non-executive Chairman of the Company. He will remain as a Director. Alar Soever was appointed Executive Chairman. Mr. Soever resigned as CEO, and Mr. Marz Kord, President of the Company was appointed President and CEO. Other management changes included the appointment of Joshua Bailey, as Vice President, Exploration and Linda Zubal as Director of Corporate Communications.
Commenting on these changes Warren Holmes, out-going Chairman of the Company stated,
"The Board has spent a good deal of time planning these organisational changes and is very pleased with them, and confident that they will further strengthen the Company. Alar's new role as Executive Chairman will keep him very much involved in the Company, while allowing him greater flexibility to advance the prospects of our associated companies.
Marz's new role as CEO and President of Wallbridge will allow him more scope to implement his vision for the Company, and to move Wallbridge forward. All of this is one more exciting step in the evolution of Wallbridge. We'll look forward to another great year."
This document may contain forward-looking statements relating to operations of Wallbridge or its subsidiaries or to the environment in which they operate. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Wallbridge's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Wallbridge disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
For further information:
Please visit the Company's website at www.wallbridgemining.com, or contact:
Wallbridge Mining Company Limited
Joshua Bailey, M.Sc., P.Geo
Vice President Exploration
Tel: (705) 682-9297 ext. 240
Email: [email protected]
Director of Corporate Communications
Tel: (705) 682-9297 ext. 247
Email: [email protected]