Business
Red Mile Announces Change of Management and Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - July 16, 2014) - Red Mile Minerals Corp. (“Red Mile...
About this update from Orla Mining Ltd.
[{"type":"text","content":"\nRed Mile Announces Change of Management and Shares for Debt TransactionToronto, Ontario--(Newsfile Corp. - July 16, 2014) - Red\tMile\tMinerals\tCorp.\t(“Red\tMile”\tor\tthe\t“Company”)\t(TSXV:\tRDM)\tannounces\t that\tJohn\tVincent\tHickey\thas\tresigned\tas\tPresident\tand\tChief\tExecutive\tOfficer\tof\tthe\tCompany,\t David\t McDonald\t has\t \nresigned\t as\t Chief\t Financial\t Officer\t and\t as\t Corporate\t Secretary,\t and\t John\t Heslop\thas\tresigned\tas\ta\tdirector\tof\tthe\tCompany.\t\tThe\tBoard\tof\tDirectors\twishes\tto\tthank\tthese\t \ngentlemen\tfor\ttheir\thard\twork\tand\tprofessionalism\tsince\tthe\tinception\tof\tRed\tMile.\t\n\nThe\tCompany\tannounces\tthat\tFrank\tJ\tBasa,\tP.Eng.,\thas\tbeen\tappointed\tPresident,\tChief\tExecutive\t Officer\tand\ta\tdirector\tof\tthe\tCompany,\tand\tThomas\tP.\tDevlin\thas\tbeen\tappointed\tChief\tFinancial\t \nOfficer,\tCorporate\tSecretary\tand\ta\tdirector\tof\tthe\tCompany.\tMr.\tBasa\tis\ta\tgraduate\tin\tmetallurgical\t engineering\tfrom\tMcGill\tUniversity\t(1982)\tand\thas\tbusiness\texperience\tin\tboth\tfinance\tand\tmineral\t \nindustries.\tMr.\tBasa\tis\talso\tthe\tPresident\tand\tChief\tExecutive\tOfficer\tof\tGold\tBullion\tDevelopment\t Corp.\t and\t Castle\t Silver\t Mines\t Inc.\t Mr.\t Devlin,\t the\t Chief\t Financial\t Officer\t of\t Gold\t Bullion\t \nDevelopment\tCorp.\tand\tCastle\tSilver\tMines\tInc.,\thas\tover\t40\tyears\tof\texperience\tin\tfinance\tand\t management\tof\tpublic\tcompanies.\t\n\nThe\tCompany\talso\tannounces\tthat\tthe\tTSX\tVenture\tExchange\thas\tapproved\tthe\tsettlement\tof\t $177,231\tof\toutstanding\tdebt\tby\tthe\tissuance\tof\tan\taggregate\tof\t3,244,620\tcommon\tshares\tto\t \ncertain\tcreditors\tof\tthe\tCompany\tas\tof\tJune\t14,\t2014.\tAll\tshares\tissued\tpursuant\tto\tthe\tshares\tfor\t debt\tsettlement\tare\tsubject\tto\ta\thold\tperiod\texpiring\ton\tNovember\t15,\t2014\tin\taccordance\twith\tthe\t \npolicies\tof\tthe\tTSX\tVenture\tExchange\tand\tapplicable\tsecurities\tlaws.\t\n\nAbout Red Mile Minerals Corp.\t\n\nRed\tMile\tMinerals\tCorp\tis\ta\ttightly\theld\tmineral\texploration\tcompany\twith\ta\tgold\tproperty\talong\t the\tprolific\tDestor–Porcupine\tgold–producing\tregion\tin\tOntario\tand\tthe\tEsker\tProperty\tnear\tPickle\t \nLake,\tOntario.\tRed\tMi...