Dutch Gold Appoints Chief Financial Officer, Board Member
November 15 2010 - 9:20AM
Dutch Gold Resources, Inc. (Pink Sheets:DGRI) announced the
appointment of Steve Keaveney, CPA, as chief financial officer,
effective today. Steve Keaveney has assumed responsibilities for
the company's financial functions and compliance reporting. He has
significant Merger & Acquisition experience, and corporate
finance expertise, making him an important addition to the Board of
Directors.
"Dutch Gold has reached a stage in its corporate history where
we need to broaden the management team. Strengthening our core team
is essential to advance the company's goal of becoming an
intermediate mining company," said Dan Hollis, chief executive
officer. "Steve's extensive background in auditing and compliance
makes him the ideal executive to help us execute our strategy."
"Acquisitions and joint venture partnerships are important
components of our plan to find and develop late stage exploration
and development projects that can quickly be advanced to production
and cash flow generation," added Rauno Perttu, Vice Chairman and
COO. "We look forward to Steve's contributions to our growth plans
and to expanding our portfolio of resource rich, cash-producing
properties. We welcome him as CFO, and as a member of the
Board."
Mr. Keaveney, 46, brings 24 years experience in finance and
business development. Mr. Keaveney, a CPA, began his career as an
auditor at Deloitte & Touche. He received a B.A. in Accounting
from Villanova University and holds an M.B.A. from Pepperdine
University. Early in his career, Mr. Keaveney built a cable
television company in Ireland, beginning with one small system,
eventually acquiring another 27 systems. In 1999, after ten years,
the last of which were spent as CEO, Mr. Keaveney was able to sell
the company to Liberty Media, Inc. for $100,000,000. He has
subsequently acted as CFO or CEO or both for public and private
companies.
The Board of Directors is comprised of Mr. Hollis, Mr. Perttu,
and Lance Rosmarin, who welcome Mr. Keaveney in his new dual role,
as CFO and a member of the Board of Directors. Currently, the Board
is reviewing mining industry candidates for the Board of Directors
who would fulfill the Company's requirements to apply for a listing
on the American Stock Exchange and/or the Toronto Stock
Exchange.
About Dutch Gold Resources
Dutch Gold Resources, Inc. is engaged in the production and
development of gold projects in North America. The company's
strategy is to focus on overlooked resources that can be quickly
and cost-efficiently brought into production, and to seek out
potentially significant exploration targets in high value
geographies. The Basin Gulch project in Montana, the Jungo property
outside Winnemucca, Nevada, and the Gold Bug Mine in Oregon make up
the Company's portfolio. The DGRI management team is composed
of seasoned professionals with decades of experience in geology,
and in mergers and acquisitions, as well as corporate finance. For
additional information about the company, please visit
http://dutchgold.com.
Forward-Looking Statements
This press release contains forward-looking statements that
reflect the Company's current expectation regarding future events.
Actual events could differ materially and substantially from those
projected herein and depend on a number of factors. Certain
statements in this release, and other written or oral statements
made by Dutch Gold Resources, Inc. are "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. You should not
place undue reliance on forward-looking statements since they
involve known and unknown risks, uncertainties and other factors,
which are, in some cases, beyond the Company's control and which
could, and likely will, materially affect actual results, levels of
activity, performance or achievements. The Company assumes no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future. Important factors that could cause actual
results to differ materially from the company's expectations
include, but are not limited to, those factors that are disclosed
under the heading "Risk Factors" and elsewhere in documents filed
by the company from time to time with the United States Securities
and Exchange Commission and other regulatory authorities.
CONTACT: Dutch Gold Resources, Inc.
Daniel Hollis, Chief Executive Officer
Steve Keaveney, Chief Financial Officer
404-419-2440
Lippert/Heilshorn & Associates, Inc.
Investor Relations Contact
Jody Burfening
(212) 838-3777
jburfening@lhai.com