TORONTO, June 12 /CNW/ - Coniagas Resources Limited (the "Company") (TSX-V: CNY) is pleased to announce that it has appointed Patrick Highsmith as President and Chief Executive Officer of the Company effective June 12, 2009.
Mr. Highsmith is a Geochemist/Geologist with 20 years of multi-commodity minerals industry experience. He holds Bachelor's and Master's degrees in Geological Engineering and Economic Geology/Geochemistry from the Colorado School of Mines. Mr. Highsmith brings experience from more than 200 mines and projects in over 20 countries, and he has been directly involved with numerous deals, project start-ups, and financings. Mr. Highsmith has held positions in mining, exploration, and business development with Rio Tinto, BHP Billiton, and Newmont Mining. He also served as Chief Geochemist and US Manager for ALS Chemex Labs. Most recently he was Global Manager - Exploration Business Development with Newmont before leaving in 2008 to found Intuitive Exploration, Inc. and the BitterRoot Group LLC.
Mr. Highsmith will be replacing Mr. Frederic W. R. Leigh, the Company's interim President and Chief Executive Officer. Mr Leigh has also resigned from his role as a Director of the Company. The Board of Directors would like to thank Mr. Leigh for his support and expertise during his term with the Company.
Pursuant to the Company's stock option plan, the Company has granted 900,000 incentive stock options to directors and consultants of the Company, each option exercisable at $1.35 per share until June 12, 2011.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.