Business
Cue Resources Ltd. Management Changes, including Appointment of Robert S. Tyson, President and CEO
Cue Resources Ltd. Management Changes, including Appointment of Robert S. Tyson, President and CEO
About this update from Minco Silver Corporation
[{"type":"text","content":"\nCue Resources Ltd. Management Changes, including Appointment of Robert S. Tyson, President and CEO\n\n\n Apr. 20, 2010 (Filing Services Canada) -- Cue Resources Ltd.  (CUE - TSX Venture), (\"Cue\" or the \"Company\") is pleased to announce that Robert S. Tyson has been appointed President and CEO of Cue effective immediately.Mr. Tyson is a corporate development specialist with 20 years experience in financing and managing public companies. Currently, he is a director of Source Exploration Corp., a public exploration company focused on the development of its San Acacio Silver Project in Mexico. Previously, he has held the positions of Vice President, Corporate Development at Solex Resources Corp., Minco Gold Corporation and Minco Silver Corporation. He has also held several senior management positions and directorships with Canadian and U.S. based publicly trading companies with his primary responsibility being corporate compliance, finance and investor relations.Mr. Tyson has been a director of the Company since 2007 and will continue with that position.  John Icke is stepping aside as Interim CEO, but will remain as Executive Chairman of the board of directors and VP Business Development and along with Mr. Tyson will spearhead the development of the Company.  As a consequence of Mr. Icke's reassignment he will reduce his consulting fees to $5,000 per month.\"I am delighted to have Bob take on the role of President and CEO,\" stated John Icke.  \"Bob's knowledge of the San Antonio project in Paraguay as a result of his participation on Cue's board is extensive.  I look forward to Bob taking on the daily management of the company and aggressively driving its development and increase in enterprise value.  We believe our Yuty Project is one of the leading uranium projects in South America.  I look forward to significant progress in the very near term.\"Mr. Tyson will receive 500,000 options to purchase shares in the Company at a price of $0.10 or the closing price on May 1, 2010, whichever is higher.  Mr. Tyson will also receive a monthly salary of $15,000, one third of which will be accrued towards the purchase of options, one third of which will be deferred and accrued for one year and one third in cash paid monthly.About Cue ResourcesCue Resources ...