Anglo Aluminum Appoints New Director and Grants Stock Options
April 28 2010 - 5:18PM
Marketwired
Anglo Aluminum Corp. (TSX VENTURE: ALU) is pleased to announce that
Russell Williams has joined its Board of Directors. Trained as a
mechanical engineer at the University of Manchester, Mr. Williams
spent 30 years with Alcoa Inc., a producer of primary aluminum,
fabricated aluminum and alumina, working in a wide range of roles
from engineering to maintenance and human resources. In his final
three years with Alcoa, Mr. Williams was based in Pittsburgh and
was President of Boke Service, the managing company of Company
Bauxite de Guinee (CBG), which is the Alcoa JV in Guinea, and in
that role was responsible for all activity at the operations in
Guinea. Prior thereto, Mr. Williams was involved in all aspects of
bauxite production for the company ranging from exploration through
to project development and operations. He managed the West
Australian bauxite mining operations, then had oversight of all of
Alcoa's global mining activity in Brasil, Jamaica and Suriname, and
during this period was responsible for the initial development of
the Juruti bauxite mine in Brasil which was recently commissioned.
On behalf of the Board of Directors, Jim Gillis stated: "We are
very pleased and privileged to have Russell join our Board of
Directors - his expertise and experience will be invaluable as we
move forward with our exploration and development programs."
Further, the Board of Directors has granted options to Mr.
Williams entitling him to purchase 400,000 of its common shares at
a per share price of $0.20 for a period of five years. Shares
issuable upon exercise of the options will be subject to a hold
period until August 29, 2010, in accordance with applicable
securities legislation.
Anglo Aluminum is focused upon the development of its Koba,
Koumbia and Mamou-Dalaba bauxite properties located in Guinea, West
Africa, where a preliminary economic assessment (PEA) is currently
being organized for its flagship projects at Koba and Koumbia. That
study will investigate the economics of mining operations at Koba
and/or Koumbia. Koba hosts NI 43-101 compliant Indicated resources
of 343,183,000 tonnes averaging 42.78% Al2O3, 2.85% SiO2, and
27.83% Fe2O3, and an additional 63,342,000 tonnes averaging 43.81%
Al2O3, 2.74% SiO2, and 26.76% Fe2O3 classified as Inferred
resources. Part of the PEA will focus on defining a bauxite
resource at Koumbia as well as updating the resource estimate at
Koba.
The technical content of this news release has been prepared
under the supervision of Christopher J. Wild, who is a Qualified
Person under National Instrument 43-101.
On behalf of the Board of Directors
Anglo Aluminum Corp.
This news release contains certain statements that may be deemed
"forward-looking" statements. Forward looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. Although we believe the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in forward looking statements. Forward looking statements are
based on the beliefs, estimates and opinions of our management on
the date the statements are made. Anglo Aluminum Corp. undertakes
no obligation to update these forward-looking statements in the
event that management's beliefs, estimates or opinions, or other
factors, should change, except as required by law.
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 news release.
Contacts: Anglo Aluminum Corp. Jim Gillis 250-374-7377
www.angloaluminum.com
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