Semafo - Appointments to Management and Board of Directors
Montreal, Quebec, June 11, 2007 - SEMAFO (TSX - SMF) today announced the appointment of Bryan A. Coates as a member of its Board of Directors, Michel Crevier as Geology Manager and Qualified Person and R�jean Gourde as Manager of Special Projects and Technical Advisor.
Mr. Coates has more than 20 years of progressive experience in the mining industry having held both operational and senior management positions. From July 2001 Mr. Coates held the position of Vice-President Finance and CFO of Cambior inc., which firm was in turn acquired by IAMGOLD Corporation in November 2006. At that time Mr Coates assumed the same responsibilities at IAMGOLD until February 2007. Mr. Coates is currently Vice President Finance and Chief Financial Officer of Osisko Exploration Ltd. He received a Bachelor of Commerce degree from Laurentian University in Sudbury, Ontario and is a member of the Ontario Order of Chartered Accountants.
Mr. Crevier, who joined Semafo in August of 2006, holds a masters degree in applied science from the University of Quebec in Chicoutimi. He has spent more than 25 years in mining and exploration including 20 years as a geology manager. Mr. Crevier has worked for several well-known international mining companies such as Placer Dome and Bema Gold Corp. Mr Crevier has also been involved with underground and open pit mining operations notably at the Sigma Mine, Kiena Mine and at the Julietta Mine in Russia.
Mr. Gourde holds a degree in mining engineering and has accumulated some 30 years experience in the mining sector. After 12 years working for Falconbridge and Aiguebelle Resources, Mr. Gourde joined Cambior inc. in 1987 as Managing Director of its Val-d'Or division. He, in turn, became Senior Vice-President of the Guiana Shield division in South America, a position he held for 13 years until joining Semafo.
The common shares of Semafo are traded on The Toronto Stock Exchange under the symbol "SMF".
FORWARD-LOOKING STATEMENTS
This press release contains � forward-looking statements �, including, but not limited to, the statements regarding the Company's expectations as to the market price of gold, strategic plans, future commercial production, production targets, timetables, mine operating costs, fixed assets expenses, mineral reserve estimates and to the company's perspectives. Forward-looking statements express, as at the date of this press release, our estimates, forecasts, projections, expectations and beliefs as to future events or results. Forward-looking statements are reasonable, but involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause results or events to differ materially from current expectations expressed or
implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks, uncertainty as to calculation of mineral reserves, risks related to the grade of reserves, risks related to hedging strategies, risks of delays in construction and requirements of additional financing.
Semafo is a mining company whose mission is to explore, develop and mine
major gold deposits in West Africa. Semafo currently operates the Kiniero mine in Guinea,
the Samira Hill mine in Niger and is developing the Mana project in Burkina Faso
For more information contact :
SEMAFO:
Benoit La Salle, President & CEO
Tel : (514) 744-4408
E-Mail : blasalle@semafo.com
RENMARK :
Tina Cameron : tcameron@renmarkfinancial.com
Christopher Wells : cwells@renmarkfinancial.com
Tel : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
MORE EXTENSIVE INFORMATION ON SEMAFO CAN BE FOUND ON OUR HOME PAGE AT HTTP://WWW.SEMAFO.COM
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Semafo Inc
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PRODUCER |
CODE : SMF.TO |
ISIN : CA8169221089 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Semafo is a gold producing company based in Canada. Semafo holds various exploration projects in Burkina Faso. Its main assets in production are KINIERO in Guinea, SAMIRA HILL in Niger and MANA in Burkina Faso. Semafo is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.5 billions as of today (US$ 1.1 billions, € 1.0 billions). Its stock quote reached its lowest recent point on December 14, 2001 at CA$ 0.10, and its highest recent level on September 16, 2011 at CA$ 10.00. Semafo has 324 860 000 shares outstanding. |