Business
Virgin Metals Inc. expands its management team
Virgin Metals Inc. expands its management team.
About this update from Minera Alamos Inc.
[{"type":"text","content":"\n\n\n\n\nTSX Venture Exchange\nSymbol: VGM\nShares Outstanding: 56,291,540\n\nTORONTO, Oct. 11 /CNW Telbec/ - Virgin Metals Inc. (the \"Company\" or\n\"Virgin Metals\") (TSX-V: VGM) announces two new members to its management\nteam. Mr. Mark Shonnard has been appointed Corporate Controller and will\ntransition into service as our Chief Financial Officer and Mr. Keith Brogoitti\nhas been appointed Operations Manager, Mexico.\nMr. Shonnard has over 20 years experience in Finance/Administrations and\nOperations of natural resource and construction companies. From April, 2005\nuntil August, 2006 he was the acting VP of Finance and Administration,\nVenezuela, for Hecla Mining Company. From January, 2004 to February, 2005 he\nwas the Chief Financial Officer, Treasurer and Secretary of Western\nGoldfields, Inc., a company redeveloping the historic Mesquite Mine in\nsouthern California. From 1997 to 2004, he was Chairman and Chief Financial\nOfficer of Nevada Colca Gold, Inc., a privately held mineral exploration\ncompany that he co-founded. Previously, from 1992 to 1997, Mr. Shonnard was\nController and Assistant Secretary of a Peruvian subsidiary of BHP-Magma.\nMr. Brogoitti brings with him over 25 years of mineral exploration,\ndevelopment, and operational experience. He has worked in the uranium, base\nmetal and precious metal sectors of the mining industry. He has held\nmanagement positions for companies such as Newmont Mining and Compannia Minera\nAntamina. He has also worked as a technical consultant for Placer Dome and\nNoranda and most recently has been consulting for Kennecott, Phelps Dodge,\nAsarco and BHP. He has worked internationally in Myanmar, Chile, Peru and\nIraq.\nPursuant to the Company's stock option plan, the Company has granted\n100,000 incentive stock options each to Mr. Shonnard and Mr. Brogoitti. The\nstock options are exercisable to acquire one common share of the Company at\n$0.28 per share and can be exercised until October 11, 2011. This stock option\ngrant is subject to regulatory approval.\n\nAbout Virgin Metals Inc.:\n\nVirgin Metals is a junior exploration and development company; its\nprojects include two copper/molybdenum porphyry properties in Sonora, northern\nMexico. One of these, Los Verdes, is expected to evolve rapidly towards\nproduction while the other, Cuatro Hermanos, is expected to be the ...