| Jean-Sebastien David and Claude Dufresne are Joining the Board of Directors of MDN Inc. | |
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MONTREAL, QUEBEC--(Marketwired - Jun 12, 2014) - MDN inc. ("MDN") (MDN.TO) is pleased to announce the appointment of Mr. Jean-Sébastien David and Mr. Claude Dufresne as directors of the company. Born in the Saguenay-Lac-St-Jean region, Mr. David held the position of Chief Operating Officer of Arianne Phosphate Inc., a company working on the development of the mining project Lac au Paul in the Saguenay region. Before joining Arianne Phosphate Inc., Mr. David was Vice President Sustainable Development of Osisko Mining Corporation (2007-2012) where he was instrumental in obtaining the authorizations for the construction and the development of the Canadian Malartic Project. His experience with Arianne Phosphate and Osisko includes project evaluation, consultation and negotiation with regulatory agencies and stakeholders, including First Nations groups as well as the development and implementation of sustainable development policies. He has held various positions in the mining, forestry and environmental operations. He has also worked for Iamgold, Cambior and Louisiana-Pacific. He began his career at Nutrinor in 1993. He earned a BA in Geology and a Masters in Project Management from the Université du Québec à Chicoutimi. Mr. Dufresne is currently President and CEO of MDN Inc. The company would also like to announce the resignation of Mr. Marc Boisvert as Vice-President of Exploration and as Director of MDN inc., and the resignation of Mr. Serge Bureau as Director of MDN inc. Both Messrs. Boisvert and Bureau remain active with the company, but as consultants. Commenting on the addition of Mr. David as Director of MDN inc. and the resignations of Messrs. Boisvert and Bureau, the Chairman, Serge Savard, said: "Firstly, we would like to acknowledge the contribution to the company of Messrs. Boisvert and Bureau, especially in the difficult environment of the recent years. They contributed to the development of MDN's exploration projects in Tanzania, including the discovery of Nikonga and Ikungu projects, and brought the development of the Crevier project past the preliminary economic phase. We are also please to announce the appointment of Mr. David to the board of MDN inc. His experience and involvement with the Saguenay community will bring a significant contribution to the development of the Crevier project." About MDN (MDN.TO) |
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MDN Inc
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PRODUCER |
CODE : MDN.TO |
ISIN : CA55276L1040 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
MDN. is a gold and copper producing company based in Canada. MDN. holds various exploration projects in Canada. Its main asset in production is TULAKAWA MINE in Tanzania and its main exploration properties are LAC SHORTT, DES MÉLOIZES, CLAIRY, LE TAC, LESPERANCE, MATAGAMI, MCGOLD and CREVIER in Canada and IKUNGU in Tanzania. MDN. is listed in Canada. Its market capitalisation is CA$ 5.2 millions as of today (US$ 4.0 millions, € 3.5 millions). Its stock quote reached its highest recent level on October 11, 1996 at CA$ 2.15, and its lowest recent point on December 24, 2015 at CA$ 0.01. MDN. has 114 660 000 shares outstanding. |