Angus Mining (Namibia) Inc. Announces New COO and Grant of Stock Options
December 13 2010 - 4:07PM
Marketwired
Angus Mining (Namibia) Inc. ("Angus Mining") (TSX VENTURE: ANA) is
pleased to announce that Mr. Peter Olander has been appointed as
Chief Operating Officer ("COO"). Mr. Olander holds a Masters degree
in Geology from Eastern Washington University, and has over 25
years of experience as a Geologist, Project Manager, and
Exploration Consultant. Most recently, Mr. Olander was employed by
a private U.S. Company in evaluating gold property acquisitions.
Mr. Olander has also worked with Kinross Gold, Placer Dome,
Majestic Diamonds and Metals Inc., and FMC Gold Company. Mr. Lionel
Howes has resigned as COO of Angus Mining.
Angus Mining also announces that its Board of Directors has
granted stock options in respect of an aggregate of 490,000 common
shares to Mr. Olander and to ten Angus Mining employees. The stock
options were granted under Angus Mining's Stock Option Plan.
The exercise price of the options is $0.52 per share,
representing the closing price of Angus Mining's common shares on
the TSX Venture Exchange on December 10, 2010. Each stock option
entitles the holder to purchase one common share for a period of
five years, subject to vesting provisions.
About Angus Mining (Namibia) Inc.
Angus Mining's goal is to deliver superior returns to
shareholders by identifying and developing quality gold properties.
Angus Mining is currently focusing on the Ondundu Gold Project in
Namibia.
Neither 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: Angus Mining (Namibia) Inc. Fraser Buchan President
and CEO (416) 640-1933 fbuchan@83yonge.com