Leo Dominguez & Tom Vaillancourt Join Philippine Metals' Operating Subsidiary Board
December 07 2010 - 9:30AM
Marketwired
Philippine Metals Inc. (the "Company") (TSX VENTURE: PHI)(OTCQX:
PHIXF)(FRANKFURT: PM7) is pleased to announce that it Mr. Leo
Dominguez and Mr. Tom Vaillancourt have agreed to join the Board of
Directors of the Company's Philippine operating subsidiary Pacific
Metals Canada Philippines Inc. ("PMCPI").
Mr. Dominguez recently retired from Quisumbing Torres, a leading
Philippine law firm and member firm of Baker & McKenzie
International. In the firm, he was a senior partner specializing in
mining law, oil and gas law, environmental advisory, and mergers
and acquisitions. He also chaired the firm's Energy, Mining and
Infrastructure Group. Mr. Dominguez is a leading figure in the
Philippine mining industry having co-authored the bill that became
the Philippine Mining Act of 1995. He has been a key speaker and
resource industry spokesperson for many Philippine government
international road shows promoting mining in the Philippines. Mr.
Dominguez was the Corporate Secretary of PMCPI until July 2010.
"We are delighted that Mr. Dominguez has agreed to continue his
involvement with the Company," said Marshall Farris, President of
Philippine Metals. "Leo has already made a significant contribution
to the Company in his previous role and we are thrilled that he has
chosen to continue his association with the Company as he pursues
other interests following his retirement from practicing law. He is
a highly respected legal practitioner who brings a wealth of
practical knowledge and experience working with the mining industry
and government in the Philippines. We are fortunate to have Leo
among our team and I look forward to working closely with him in
the future as we continue to build a successful mining company in
the Philippines."
Mr. Dominguez stated, "I am excited to continue my association
with Philippine Metals. Philippine Metals is a fine example of a
developing junior mining company working effectively with local
communities and local and regional governments to promote mining
and mining exploration in the Philippines. The Company is working
respectfully within the communities in which its projects are based
to create value for the benefit of all stakeholders. I am pleased
to lend my continuing support to the Company's efforts in the
Philippines as it develops its existing mining projects and looks
to identify new prospective projects."
Mr. Tom Vaillancourt has been the Company's Vice President of
Operations based in the Philippines for the past three years where
he has directed the logistics and support for exploration camps and
projects and overseen the management and training of field crews.
He has a wide-ranging business background that includes experience
in accounting, finance, business administration, and investment and
risk analysis. He began working in the geological exploration
industry more than 15 years ago and his recent work running the
PMCPI's country office and operations in the field has given him a
deep appreciation of the resource industry in the Philippines. Mr.
Vaillancourt has also worked closely with engineers in developing
sites, processing plants and systems. He has an abundance of
international experience and is well versed in multi-cultural
management.
"Tom's contribution to the early-stage operations of the Company
in the Philippines has been immeasurable," stated Feisal Somji, CEO
of Philippine Metals. "He has successfully integrated himself into
the culture and the communities of the Philippines and, in
acknowledgement of his working commitment to the resource industry,
he has recently been asked to act as the Large Scale Mining
Representative to sit on the Tacloban City Mining Regulatory Board,
where Philippine Metals' Taurus Project is located, and also the
Provincial Mining Regulatory Board of Apayo where the Company's
Malitao Project is located. The Company is proud of his
achievements in the Philippines and now looks forward to now also
working with him at the Board level."
In connection with their appointments to the PMCPI Board of
Directors, Mr. Dominguez and Mr. Vaillancourt have each been
granted 85,000 stock options in the Company exercisable at $0.45
and expiring on December 6, 2015.
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.
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 Farris President &
Director 604.684.4743 ext. 222 403.398.0693 (FAX)
marshall@philippinemetals.com www.philippinemetals.com Ascenta
Capital Partners Inc. Jamie Mathers Investor Relations 604.684.4743
ext. 236 or 866.684.4209 Jamie@ascentacapital.com
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