San Gold Appoints Kristjansson Acting CEO
March 18 2014 - 3:30PM
Marketwired
San Gold Appoints Kristjansson Acting CEO
WINNIPEG, MANITOBA--(Marketwired - Mar 18, 2014) - San Gold
Corporation (TSX:SGR)(OTCQX:SGRCF) ("San Gold" or the "Company")
announced today that its Board of Directors has appointed Chief
Financial Officer Gestur Kristjansson as the Company's acting Chief
Executive Officer.
Mr. Kristjansson replaces Ian Berzins, who has served as
President and Chief Executive Officer of the Company since March
2013 and as Chief Operating Officer since May 2008.
"Mr. Kristjansson brings a wealth of senior management
experience, with over seven years' experience at San Gold. His
financial expertise is especially important at this critical time
as the Company refines its business case while shifting focus
toward its high-grade discoveries at the eastern extent of the Rice
Lake mine. On behalf of the Board, I would like to thank Mr.
Berzins for his tireless efforts in building and promoting the Rice
Lake project over the past seven years and we wish him well in his
future endeavors," said San Gold's Chairman, Bob Brennan.
"We have a strong team in place with well-developed mining
infrastructure. I am honoured to lead our Company as we proceed to
the next phase in the development of the Rice Lake Mining Complex
and I look forward to working closely with our Board of Directors
and the operations team during this period of transition," said Mr.
Kristjansson.
Mr. Kristjansson joined San Gold in December 2006 as
Vice-President, Finance. He has extensive previous public company
experience and has held executive management positions with real
estate investment funds and capital corporations. Mr. Kristjansson
has a Bachelor of Arts (Hon) degree in Applied Economics from the
University of Manitoba, an MBA in Finance from the University of
British Columbia and is a designated Chartered Accountant (CA).
While Mr. Kristjansson serves as the acting Chief Executive
Officer, Mandeep Rai, the Corporate Controller of the Company, will
serve as acting Chief Financial Officer.
Mr. Rai is a Chartered Accountant with significant accounting,
finance and audit experience working with large public
corporations. He started his career at Deloitte & Touche LLP
where he worked in the Assurance & Advisory practice focusing
on publically listed companies. Mr. Rai has a Bachelor of Commerce
(Hon) degree in Finance and Accounting from the University of
Manitoba, and is a designated Chartered Accountant (CA).
About San Gold
San Gold is an established Canadian gold producer, explorer, and
developer that owns and operates the Hinge, 007, and Rice Lake
mines near Bissett, Manitoba. San Gold is listed on the Toronto
Stock Exchange under the symbol "SGR" and on the OTCQX under the
symbol "SGRCF".
Cautionary Note
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein. This news release includes certain "forward-looking
statements". All statements, other than statements of historical
fact included in this release, including, without limitation,
statements regarding forecast gold production, gold grades,
recoveries, cash operating costs, potential mineralization, mineral
resources, mineral reserves, exploration results, and future plans
and objectives of San Gold, are forward-looking statements that
involve various risks and uncertainties. These forward-looking
statements include, but are not limited to, statements with respect
to mining and processing of mined ore, achieving projected recovery
rates, anticipated production rates and mine life, operating
efficiencies, costs and expenditures, changes in mineral resources
and conversion of mineral resources to proven and probable mineral
reserves, and other information that is based on forecasts of
future operational or financial results, estimates of amounts not
yet determinable and assumptions of management.
San Gold CorporationGestur KristjanssonChief Executive Officer1
(855) 585-4653sgr@sangold.caSan Gold CorporationBob
BrennanChairman1 (855) 585-4653sgr@sangold.cawww.sangold.ca
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