Business
Ascot Resources Reorganizes Board of Directors; Appoints Two New Members
VANCOUVER, British Columbia, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) welcomes two new members
About this update from Cambria Gold Mines Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) welcomes two new members to its Board of Directors: José Néstor Marún and Stephen Altmann – both of whom were appointed pursuant to the recently closed strategic equity investment with Ccori Apu S.A.C. The Company also reports the voluntary resignation of Ken Carter and James Stypula from Ascot’s Board of Directors (“Board”). As a result, Ascot’s Board maintains its size of seven directors, and its gender diversity with 29% women. Rick Zimmer, Chairman of Ascot’s Board of Directors, commented: “On behalf of Ascot I would like to express our sincere gratitude to Ken and Jim for their hard work and dedication as directors over the years with the Company. Ken has been a board member since 1993 and Jim since 2017 when the company was reorganized. Their willingness to voluntarily step down to facilitate the representation of Ccori Apu on our Board is indicative of their commitment to Ascot’s success. We wish Ken and Jim well in their future endeavours. We are pleased to welcome José Néstor Marún and Stephen Altmann to Ascot’s Board of Directors, who bring with them impressive depth and breadth of both mining industry and capital markets experience. We look forward to the contributions they will bring, especially as Ascot transforms from a developer to a gold producer over the next year.” Mr. José Néstor Marún is a Mining Engineer with more than 38 years of experience in copper and gold mining operations. He has been a Director of Compañía Minera Poderosa S.A. since 2017. He graduated from the National University of San Juan, Argentina and has completed a specialization in international business at the London Business School Global Business Consortium. He was General Manager of Xstrata Tintaya, Executive Vice President of South American Operations of Xstrata Copper, for Peru, Chile and Argentina, being in charge of the operations of Tintaya, Antapaccay, and Las Bambas in Peru, Minera Alumbrera in Argentina, and Lomas Bayas in Chile. He was also a member of Antamina's partner advisory committee. He was Executive General Manager of Operations for Argentina and Chile at Glencore and was General Manager and Executive President of Komatsu Mitsui Maquinarias de Perú SA. He is currently a Non-Executive Dire...