Revett Minerals Announces New President & CEO
Spokane Valley, Washington (September 10, 2008) � Revett Minerals Inc. (RVM-TSX) (�Revett� or �the Company�) announces that Mr. John Shanahan, the current Chairman of Revett, will assume the roles of President & CEO on an interim basis replacing Mr. William Orchow who retired today as President & CEO of the Company. Mr. Shanahan stated, �We thank Bill for his invaluable contribution over the past 5 years and understand Bill�s decision to retire to pursue personal interests. We wish him the best of luck in the future.� Mr. Orchow will remain a director of the Company.
Mr. Shanahan has been the Chairman of Revett since December 2004. He is currently an independent commodities risk management consultant based in New York. He was formerly a director of EuroZinc Mining Corporation, a position he held between May 2004 and October 2006 and has held various senior management positions in the mining and natural resource industry. Mr. Shanahan holds a bachelor of commerce degree from the University of Melbourne, Australia, a graduate diploma in Systems Analysis and Design from the Royal Melbourne Institute of Technology, and an MBA degree from the Columbia School of Business.
John Shanahan
President & CEO
For more information, please contact:
Scott Brunsdon, CFO or Doug Ward, VP Corporate Development at (509) 921-2294 or visit our website at www.revettminerals.com.
Renmark Financial Communications Inc.
Jason Roy : jroy@renmarkfinancial.com
Maurice Dagenais : mdagenais@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
Except for the statements of historical fact contained herein, the information presented in this press release may contain �forward-looking statements� within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of silver and copper, the estimation of mineral reserves , the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to environmental laws and regulations, the actual results of current exploration activities, actual results of current reclamation activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of silver and copper, as well as those factors discussed in the section entitled �Risk Factors� in the Annual Information Forms on file with the Ontario Securities Commission and the Form 10 filed with the Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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Revett Minerals
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PRODUCER |
CODE : RVM.TO |
ISIN : CA7615051066 |
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Revett is a silver and copper producing company based in United states of america. Its main asset in production is TROY in USA and its main asset in development is ROCK CREEK in USA. |