Business
Rathdowney announces CEO transition plan
VANCOUVER , Nov. 22, 2013 /CNW/ - Rathdowney Resources Ltd. ("Rathdowney" or the "Company...
About this update from Rathdowney Resources Ltd.
[{"type":"text","content":"\n\n\nVANCOUVER, Nov. 22, 2013 /CNW/ - Rathdowney Resources Ltd. (\"Rathdowney\" or the \"Company\") (TSXV: RTH), an exploration and development company focused on advancing the Olza\n zinc-lead-silver project in Poland through permitting and into\n production, announces that Mr. John Barry will step down as President\n and Chief Executive Officer, and as a director of the Company, on\n November 30, 2013. Mr. Barry will continue to serve as an advisor to\n the Company until the end of February 2014. Mr. David Copeland,\n Chairman of the Board, will assume the role of interim President and\n CEO.\n\n\n\"My six years as CEO have brought me enormous satisfaction and pride,\n right from the Company's inception in Ireland in 2007. Since that time,\n we have progressed from sourcing the Olza project in the historic Upper\n Silesia district of Poland in 2010 and completing an IPO of Rathdowney\n in Canada in 2011 to today where we are at the permitting stage of this\n major zinc-lead-silver project,\" said Mr. Barry. \"I am very proud to\n have worked with such a very talented and hardworking team with the\n full support of the Hunter Dickinson organization, our contractors and\n consultants.  Together, we have brought this project from a concept,\n through exploration and the establishment of a substantial zinc-lead\n resource to what is one of the very few exciting zinc development\n projects at the cusp of the permitting stage. Now is the right time for\n me to step aside and for Rathdowney to bring in an executive with\n development experience to drive the permitting and development phase.\"\n\n\nChairman David Copeland commented \"John is a visionary and has been an\n exceptional leader of the Company. He saw a rare opportunity to acquire\n a highly prospective project located in a world famous zinc-lead\n district at a time when metal prices had collapsed in 2008 and then\n successfully advanced the project to the permitting stage in what is,\n effectively, a brownfield setting. This is how to generate future value\n for our employees, shareholders and, in particular, the people living\n in the communities in the Project Olza area and in Poland as a whole.\n On behalf of Rathdowney and its Board of Directors, I would like to\n thank John for his leadership, contributions and commitment to the\n Company. We wish him every suc...