Tintina Mines Limited Announces the Appointment of Rishi Tibriwal as Chief Financial Officer
June 04 2012 - 2:58PM
Marketwired Canada
Tintina Mines Limited (TSX VENTURE:TTS) ("Tintina" or "the Company") announces
that Mr. Rishi Tibriwal has been appointed to the position of Chief Financial
Officer ("CFO") of Tintina with effect from June 1, 2012. The Board of Directors
have also approved a grant of 150,000 stock options to Mr. Tibriwal under the
Company's existing share option plan. These options vest immediately and are
exercisable at a price of CAD$0.20 per share for a period of five years.
Mr. Tibriwal was recently an audit partner at Ernst and Young LLP (Toronto) and
brings a wealth of experience in the mining industry. He is a Chartered Account
and holds a CFA and MBA.
On behalf of the Board, Robert Spiegel, President and Chief Executive Officer,
said "we are confident that Rishi's experience will be a significant asset as we
continue on our strategic path to grow the company."
Mr. Tibriwal is replacing Mr. W. Ross Abbott, following Mr. Abbott's retirement
after over 40 years of service to Tintina. Mr. Abbott will continue as the
Corporate Secretary and as a Director of the Company. Mr. Spiegel stated "I
would like to thank Ross for his significant contribution and dedication to
Tintina in ensuring that the Company remains positioned to develop its Red
Mountain molybdenum property. Ross has been an important member of our
leadership team and has played a central role in our operational stability. He
will continue to play an important role as strategic advisor as we move to the
next phase of our strategic plan, which is to perform the necessary field work
to permit underground exploration and to evaluate the potential of the Red
Mountain property."
Notice on forward-looking statements:
This release includes forward-looking statements regarding the Corporation and
its business. Such statements are based on Management's current expectations. No
forward-looking statement can be guaranteed. Except as required by applicable
securities laws, forward-looking statements speak only as of the date on which
they are made and the Corporation undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new information,
future events, or otherwise.
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