Business
Medallion appoints Thomas Arnould as CFO
Medallion appoints Thomas Arnould as CFO
About this update from Gamma Resources Ltd.
[{"type":"text","content":"\nMedallion appoints Thomas Arnould as CFO\n\n\n Sep. 29, 2010 (TheNewswire.ca) -- Medallion Resources Ltd. (MDL: TSX.V) announces that it has appointed Thomas Arnould, CA, as Chief Financial Officer and Corporate Secretary to the company.Mr. Arnould is a graduate from Queen's University in Kingston Ontario, receiving his Chartered Accountant's designation after articling with Coopers & Lybrand (now part of PricewaterhouseCoopers) in 1982. Since then, he has worked with various private companies in the food processing and distribution and group-benefits areas where he assisted with the sale of these companies to public entities. More recently, he has worked as a CFO of a private strategic-marketing firm, as a principal with Adler Business Solutions Inc and as the CFO of Securefact Inc. In addition, he consults with other companies on finance and accounting matters.Medallion Resources Ltd (TSX-V: MDL) is exploring for large low-cost \"heavy\" rare-earth-element (REE) deposits with a clear metallurgical path and cost-effective infrastructure. REE's are key components required by many new energy-saving technologies including wind turbines, electric and hybrid vehicles, super magnets and all modern electronics. Medallion is headed by REE veteran Dr Bill Bird with support from an expert technical team that can meet the challenges of evaluating and cost-effectively exploring the best REE projects.Medallion explores the Eden Lake REE property in western Manitoba, under an option agreement with Rare Element Resources (NYSE:REE) (TSXV:RES) (AMEX: REE, TSX-V: RES) to earn a 65% interest. Eden Lake is a recent discovery with potential for high neodymium values and significant heavy REE by-products.The Company also explores over 42 square kilometres of the Red Wine peralkaline intrusion in southern Labrador under an agreement to option six mineral licenses. The Red Wine intrusion is known to contain elevated values of the \"heavy\" REE's.ON BEHALF OF THE BOARD OF DIRECTORS\"William H Bird\", PhD, PGeoPresident & CEOFor further information visit www.medallionresources.com or contact:William H Bird PhD, PGeo (604) 681-9558 [email protected] C Bearss MBA (604) 681-9558 [email protected] Management, which takes full responsibility for content, prepared this news release. The TSX Venture Exchange has not...