Business
Omineca Mining Announces Management and Board Changes
CRANBROOK, BRITISH COLUMBIA--(Marketwired - June 1, 2017) - Omineca Mining and Metals Ltd. (TSX VENTURE:OMM) ("Omineca" or the "Company") announces several mana
About this update from Omineca Mining And Metals Ltd.
[{"type":"text","content":"CRANBROOK, BRITISH COLUMBIA--(Marketwired - June 1, 2017) - Omineca Mining and Metals Ltd. (TSX VENTURE:OMM) (\"Omineca\" or the \"Company\") announces several management and board changes in furtherance of its strategy to complete a bulk sample mining test of a 300m length of the Deep Lead Channel at the Wingdam placer gold project. The Wingdam project is fully permitted and the Company has completed a mine plan based on the use of ground freezing technology to control water and stabilize the overlying gravels during the bulk sample extraction. As the project advances, the next milestones will involve securing financing and implementing the engineering plans. To facilitate this transition the company is undergoing changes in management to build a team focused on mining, production and financing. Mr. Tom MacNeill, a current director, will assume the role of CEO and President replacing Mr. Tim Termuende, P.Geo. as CEO and Mr. Charles Downie, P.Geo. as President. Mr. Termuende and Mr. Downie have resigned from their management and directorship positions effective immediately. Mr. Andrew Davidson, a current director, will assume the role of CFO and Corporate secretary replacing Mr. Glen Diduck as Chief Financial Officer, and Mr. Darren Fach as Corporate Secretary. Mr. Fach, Neil MacDonald and Scott Broughton have also resigned from their directorship positions, effective immediately. In order to provide continuity of knowledge and expertise in the project Mr. Downie and Mr. MacDonald will be retained as Technical Advisors with the Company going forward. Omineca wishes to acknowledge the outgoing team as instrumental in creating an efficient, cost effective and technically advanced design to implement the expanded bulk sample at the Wingdam project and wishes them all well in their future endeavors. The Company has appointed Mr. Sylvain Laberge to the Board of Directors. Mr. Laberge is the President and CEO of both Tarku Resources Ltd. and Gespeg Copper Resources Ltd., gold and copper exploration companies respectively, both focused in Quebec. Mr. Laberge has significant experience in managing publicly traded junior exploration and development companies in Canada. Additionally, the Company is cancelling the non-brokered private placement that it announced on April 27, 2017. About Omineca Mining and Metals Ltd. Omineca Mining and Met...