Avnel Gold Announces Appointment of Chief Financial Officer
ST. PETER PORT, Guernsey - August 5, 2008 - Avnel Gold Mining Ltd. (TSX: AVK) (�Avnel�) is pleased to announce the appointment of Mr. Firdaus (Fred) Abbasi as Chief Financial Officer with immediate effect. Mr. Abbasi will also act as Avnel�s Corporate Secretary.
Mr. Abbasi will be based in London at Avnel�s representative corporate office and undertake regular monthly tours of duty to Avnel�s operations in Mali.
Mr. Abbasi is a Chartered Accountant with over 25 years experience in industry in the United Kingdom, East and West Africa, the Middle East and India, and has extensive working experience in the mining industry. Mr. Abbasi is multi-lingual, fluent in French and has extensive experience of the fiscal, legal, labour and social environments of French West Africa including Mali.
Avnel considers that Mr. Abbasi will play a significant role in improving the controls and efficiencies of its operations in Mali working together with Madame Bintou Diallo Keita who is the Finance Director of Avnel�s operating subsidiary in Mali.
The appointment of Mr. Abbasi is an important step in Avnel�s commitment to strengthening its management team and achieving its corporate objectives at the Kalana gold mine in Mali.
Avnel�s principal asset is an 80% interest in Soci�t� d�Exploitation des Mines d�Or de Kalana (�SOMIKA�). SOMIKA is the holder of a 30 year exploitation permit encompassing 387.4 sq. km. around and to the south of the operating Kalana gold mine in South West Mali. Avnel also holds the Fougadian Exploration Permit covering an area of 150 sq. km. which lies to the South of the main Kalana 30 year Exploitation Permit.
Avnel is a gold mining producing company operating the Kalana mine and is engaged in the exploration of the Kalana Permit and the Fougadian Permit.
On behalf of Avnel Gold Mining Limited
Howard B. Miller
Chairman
For further information:
Howard Miller
Chairman
Avnel Gold Mining Limited
UK Representative Office:
39 Cheval Place
London, SW7 1EW
Tel: +44 207 589 9082
Fax: +44 297 589 8507
www.avnelgold.com
Renmark Financial Communications Inc.
Barry Mire: bmire@renmarkfinancial.com
Maurice Dagenais: mdagenais@renmarkfinancial.com
Tel: +1 (514) 939 3989
Fax: +1 (514) 939 3717
www.renmarkfinancial.com
|
Avnel Gold Mining Ltd.
|
|
EXPLORATION STAGE |
CODE : AVK.TO |
ISIN : GB00B09Y5410 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Avnel Gold Mining is a gold producing company based in United kingdom. Its main exploration properties are KALANA GOLD MINE and FOUGADIAN PERMIT in Mali. Avnel Gold Mining is listed in Canada. Its market capitalisation is CA$ 162.1 millions as of today (US$ 133.0 millions, € 111.4 millions). Its stock quote reached its highest recent level on December 13, 2006 at CA$ 1.25, and its lowest recent point on December 19, 2008 at CA$ 0.02. Avnel Gold Mining has 376 989 984 shares outstanding. |