G & S Minerals Appoints William Curtis to the Board of Directors; Announces Extension of Closing Date of Mayan Gold, Inc. Transa
July 18 2008 - 4:10PM
Marketwired
LAS VEGAS, NV (FRANKFURT: G9S), a mining company focused on
developing high-quality and low-risk mineral resource and energy
prospects, today announced that the Company appointed William
Curtis to the Board of Directors. Mr. Curtis was also appointed as
Vice Chairman of the Board. Mr. Curtis joins Chairman Charles
Brown, Edward Stanojev, Jr., Ryan Kutty, and Michael Sandidge as
current members of the Company's Board of Directors.
Mr. Curtis joins the Board as the Company continues in its
efforts to complete its strategic cross-investment and gold field
development agreement with Mayan Gold, Inc. Mr. Curtis was the CEO
of G & S Minerals' predecessor company and is a significant
shareholder. He had expressed his interest to work with the Company
in completing this transaction for the benefit of all G & S
shareholders.
Mr. Curtis will assist management with various facets of the
Mayan Gold, Inc. transaction, and will work closely with the
Company and Mayan to coordinate completion of the transaction,
including coordinating the efforts of geologists, regulatory
agencies, and other parties necessary to accomplish the required
due diligence and effect the closing. G & S and Mayan Gold,
Inc. agreed to extend the target closing date for the transaction
to July 31, 2008, subject to mutual board approvals.
Charles Brown, Chairman of G & S Minerals, remarked: "We're
pleased that Mr. Curtis has offered his services to assist the
Company in completing the Mayan Gold transaction. Mr. Curtis, as a
shareholder and the former Chairman and CEO of our predecessor
company, is familiar with our corporate structure and operations
and will be a key contributor to achievement of G & S's
acquisition of the Mayan Gold opportunity."
ABOUT G & S MINERALS, INC.:
G & S Minerals, Inc. (which also does business under the
name "Gold & Silver Minerals") is a mining company focused on
acquiring and developing high-quality, low-risk mineral resource
and energy prospects. G & S Minerals is aggressively pursuing
opportunities to develop working interests in mineral properties
that offer a short time to production, as well as significant
upside exploration potential. In addition, G & S Minerals is
investigating opportunities for corporate transactions that will
expand the mineral and resource portfolio. By leveraging its
network of industry contacts, management expertise, and its
targeted acquisitions, G & S Minerals is working to build rapid
asset growth, near-term cash flow, and shareholder value.
Additional information is available at G & S Minerals' website
at www.gold-silverco.com.
Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of applicable securities laws, including statements
about the company's development plans and proposed transactions.
These statements are subject to numerous assumptions and
uncertainties, many of which are outside the company's control.
Statements in this document are based on information the company
believe to be reasonable, but involve significant uncertainties as
to the final structure or consummation of possible transactions,
the terms thereof, if any, availability and pricing of financing,
mineral prices, costs, ore grades, estimation of gold and silver
reserves, mining and processing conditions, construction schedules,
currency exchange rates, and the completion and/or updating of
mining feasibility studies, changes that could result from the
company's future acquisitions or dispositions of new mining
properties or businesses, the risks and hazards inherent in the
mining business (including environmental hazards, industrial
accidents, weather or geologically related conditions), regulatory
and permitting matters, risks inherent in the ownership and
operation of, or investment in, mining properties or businesses in
foreign countries, as well as other uncertainties and risk factors.
Actual results and timetables could vary significantly from the
estimates presented. Readers are cautioned not to put undue
reliance on forward-looking statements. The company disclaims any
intent or obligation to update publicly such forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact: G & S Minerals, Inc. Charles Brown 702-943-8848
G and S Minerals (CE) (USOTC:GSML)
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