Philippine Metals Inc.: Change to Management and Board of Directors
December 06 2012 - 9:30AM
Marketwired
Philippine Metals Inc. ("Philippine Metals" or the "Company") (TSX
VENTURE:PHI)(FRANKFURT:PM7) announces that Mr. Feisal Somji has
resigned from his positions of Chief Executive Officer and member
on the Board of Directors of the Company, effective
immediately.
Mr. Marshall Farris, President of Philippine Metals Inc. stated:
"On behalf of the company's management and board of directors, we
wish to thank Mr. Somji for his significant contributions to the
company since its inception and wish him all the best in his future
endeavours."
The Company further announces the appointment of Mr. Craig
Lindsay to the position of Chief Executive Officer. Mr. Lindsay, a
member of the Board of Directors of the Company, has in excess of
20 years experience in corporate finance, investment banking and
business development in both North America and Asia and is
currently the President and CEO of Otis Gold Corp. and Managing
Director of Arbutus Grove Capital Corp., a private company offering
corporate finance and merchant banking services. Mr. Lindsay is a
former resident of Hong Kong where he was a senior executive at The
Pacific Rim Group, which provided financial advisory, venture
capital and related services to Asian and North American clients.
He was a co-founder and CFO of OneAsia.com, an innovative B2C
internet retailer of Asian language entertainment products, which
was acquired by tom.com Limited, a company associated with
Hutchinson Whampoa Ltd. Mr. Lindsay has extensive experience in the
natural resource sector at the Director and Officer level, and
currently sits on the board of Tarsis Resources Ltd.
About Philippine Metals Inc.
Philippine Metals Inc. is focused on the exploration, discovery
and development of highly prospective copper and copper-gold
deposits in the Philippines. Based on the region's geological
environment, the Company's management team recognizes the country's
potential for hosting large, world-class deposits of copper and
copper-gold.
The Company's initial projects, Taurus, Malitao and Dilong, are
examples of management's ability to source quality, highly
prospective targets. The management team combines strong financial
capabilities with world-class experience in mineral exploration,
discovery and mine development.
ON BEHALF OF THE BOARD OF PHILIPPINE METALS INC.
Marshall L. Farris, President and Director
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.
Contacts: Philippine Metals Inc. Marshall L. Farris President
and Director 604.684.4743 ext. 222 604.628.5595
(FAX)marshall@philippinemetals.com www.philippinemetals.com Ascenta
Capital Partners Inc. Jamie Mathers Investor Relations 604.684.4743
ext. 236 866.684.4209Jamie@ascentacapital.com