Business
Goldgroup Announces Appointment of Keith Piggott as President & CEO
VANCOUVER , June 27, 2013 /CNW/ - Goldgroup Mining Inc. ("Goldgroup" or the "Company") (...
About this update from Goldgroup Mining Inc.
[{"type":"text","content":"\n\n\nVANCOUVER, June 27, 2013 /CNW/ - Goldgroup Mining Inc. (\"Goldgroup\" or\n the \"Company\") (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announced today\n that its Board of Directors has appointed Chairman & Director, Mr. Keith Piggott, as President and Chief Executive Officer, replacing Dr. Hans von\n Michaelis.  Dr. von Michaelis has resigned as the Company's President\n and CEO to pursue other business interests but remains a committed\n member of its Board of Directors.  Mr. Piggott has a proven\n track-record of operating companies efficiently through difficult\n economic times and is also the Company's largest shareholder.\n\n\nMr. Piggott stated, \"On behalf of the Board, I would like to thank Dr.\n von Michaelis for his contributions to implementing a cost-optimization\n program over the past eight months.  I am committed to developing our\n valuable asset base and growing Goldgroup into a significant Mexican\n based mining company providing value for all stakeholders.\"\n\n\nGoldgroup is also pleased to announce that its Board has appointed Mr.\n Donald Siemens as Lead Director.\n\n\nAbout Goldgroup\n\n\nGoldgroup is a Canadian-based gold production, development, and\n exploration Company with significant upside in a portfolio of projects\n in Mexico, including its flagship 100%-owned advanced stage gold\n development project Caballo Blanco in the state of Veracruz, and a 50%\n interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of\n the high-grade gold exploration project, San José de Gracia located in\n the state of Sinaloa. The Company also operates its 100%-owned Cerro\n Colorado gold mine in the state of Sonora.\n\n\nGoldgroup is led by a team of highly successful and seasoned individuals\n with extensive expertise in mine development, corporate finance, and\n exploration in Mexico. Goldgroup's mission is to increase gold\n production, mineral resources, profitability and cash flow, building a\n leading gold producer in Mexico.\n\n\nCAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION \n\n\nCertain information contained in this news release, including any\n information relating to future financial or operating performance, may\n be considered \"forward-looking information\" (within the meaning of\n applicable Canadian securities law) and \"forward-looking statements\"\n (within...