Business
Eureka Announces Corporate Changes to Board of Directors and Management Team
VANCOUVER , June 12, 2015 /CNW/ - Eureka Resources Inc. ("Eureka" or the "Co...
About this update from Kore Mining Ltd.
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, June 12, 2015 /CNW/ - Eureka Resources Inc. (\"Eureka\" or the \"Company\") (TSXV: EUK) announced today that significant changes have been made to the Board of Directors (the \"Board\") and to the management team of the Company. Concurrent with these administrative changes, on June 11, 2015, a significant shareholder of Eureka and certain of his associates divested a total of 10,000,000 shares of the 20,047,239 issued and outstanding common shares of the Company in a private sale to independent investors.\n\nOn June 11, 2015, Eureka accepted the resignations of John J. (\"Jack\") O'Neill as President and director, Lawrence O'Neill and Mark Rozenberg as directors of the Company, and Sheryl A. Jones and Terence O'Neill as Chief Financial Officer and Corporate Secretary, respectively. Kristian Whitehead, P.Geo., and John R. Kerr, P.Eng. (previously appointed as a director on May 11, 2015) remain as directors of the Company, and have appointed Michael D. Sweatman, CPA, and Warren W. Stanyer to the Board. The Board also appointed Michael Sweatman as President and Chief Executive Officer, Brent Petterson, CPA, as Chief Financial Officer in place of Sheryl Jones, and Christina Boddy as Corporate Secretary, in place of Terence O'Neill. Kristian Whitehead was appointed Vice-President, Exploration, for the Company.\n\nThe Board wishes to thank the previous directors and officers for their long and dedicated service to the shareholders of the Company. With corporate policies established under the leadership of former Chairman and President Jack O'Neill, Eureka remains committed to the highest and best levels of corporate and environmental responsibility, and to maintaining strong relationships with shareholders and investors.\n\nEureka's new management team is poised to build on the extensive exploration carried out on the Frasergold Project since its acquisition by the Company in 1983. Michael Sweatman, President and CEO said: \"The outstanding work and standards set over the past three decades by Jack O'Neill and his team have provided a solid foundation for Eureka's future. We look forward to unlocking the tremendous potential of the Frasergold Project.\" \n\nJohn Kerr and Kristian Whitehead have each gained extensive personal experience on the Frasergold Project from their involvement in historical explor...