Kilo Goldmines Ltd.

Published : October 08th, 2014

Kilo Announces Appointment of New Interim CEO

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Keywords :   Afghanistan | Gold | Iron |

Kilo Announces Appointment of New Interim CEO

TORONTO, ONTARIO--(Marketwired - Oct 8, 2014) - Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") is pleased to announce the appointment of Mr Michael Skead as interim President and Chief Executive Officer (CEO) of the Company.

Mr Skead will take up his appointment on the 8th October, 2014 and will be replacing Mr Alex van Hoeken, who has resigned from his role as CEO and Director. This appointment is subject to regulatory approval.

Mr Skead is the Vice President Project Evaluation with Dundee Resources Limited and is a professional geologist with over 25 years of experience in exploration and project evaluation, with particular emphasis in the east and central Africa regions. As it relates to his appointment to Kilo, Mr Skead has significant experience in the Democratic Republic of the Congo ("DRC") where, from 2004 to 2007, he served as the Vice President of Exploration for Banro Corporation ("Banro"). During his tenure at Banro, Mr Skead oversaw the evaluation of the Twangiza and Namoya projects.

Mr Skead will be assisted in the DRC by our strong in-country team currently working on the Company's projects.

Mr David Netherway, the Chairman of Kilo commented: "We are extremely pleased to welcome Michael as interim CEO. He brings with him a wealth of worldwide geological knowledge and has excellent experience of working in the DRC.

On behalf of the Board, I would also like to thank Alex for his dedication and hard work over the last three years and wish him well for the future."

About Kilo

Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. KGL holds exploitation and exploration licences covering some 3000 km2 of favourable Archaen Kabalian Greenstones (the Ngayu belt) in the northeast Democratic Republic of Congo an area historically referred to as the Kilo-Moto region, a historic gold-producing region.

Incorporated within these licences is:

  • the Somituri Project (71.25% owned by KGL), comprising eight non-contiguous licences (606 km2) held by KGL-Somituri SARL; and
  • the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.

Additionally:

  • KGL has retained the rights to explore for and develop any iron ore resources (or other minerals) associated with the licences held by KGL Isiro SARL.
  • KGL has a minority interest in the Hajigak iron ore project in Afghanistan.

DISCLAIMER

This news release may contain forward looking statements concerning future operations of Kilo Goldmines Ltd. All forward looking statements concerning Kilo's future plans and operations, including management's assessment Kilo's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond Kilo's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Afghanistan | All
Gold and Silver Prices for these countries : Afghanistan | All

Kilo Goldmines Ltd.

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Kilo Goldmines is a gold exploration company based in Canada.

Its main exploration properties are ERW, SOMITURI and MASTERS in Congo Dem. Rep. of.

Kilo Goldmines is listed in Canada. Its market capitalisation is CA$ 33.9 millions as of today (US$ 27.1 millions, € 27.4 millions).

Its stock quote reached its highest recent level on April 16, 2010 at CA$ 5.90, and its lowest recent point on June 30, 2020 at CA$ 0.01.

Kilo Goldmines has 169 700 000 shares outstanding.

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Nominations of Kilo Goldmines Ltd.
2/7/2012Announces Appointment of Vice President Operations
2/2/2012Announces Change to Board of Directors
1/4/2012Appointment of New Director
Project news of Kilo Goldmines Ltd.
9/4/2013A REVIEW BY ROSCOE POSTLE OF PROSPECTIVE IRON ORE LICENCES H...
6/25/2013(Somituri)Gold Geochemistry Anomalies Delineated on Four Other Licence...
6/17/2013(Somituri)1100 Metre Gold Geochemistry Anomaly Delineated at Adumbi We...
4/9/2013(Somituri)Recommences Drilling Operations on its Somituri Project, DRC
4/12/2012(Somituri)Announces Preliminary Metallurgical Test Work Results on Adu...
3/15/2012Announces Updated Mineral Resource Estimate; Gold Grade Incr...
2/3/2012(Somituri)Registration Completed for Kilo's Somituri Property
1/25/2012Drill Results for Kilo / Rio Tinto DRC Iron Ore JV
9/6/2011to Issue Shares to Satisfy SIHU Property Payment Obligation
6/28/2011(Somituri)Announces Exploration Update of the Somituri Project, DRC
2/24/2011(Somituri)Drilling Intersects 3.51g/t Gold Over 31.30 Metres on the Ad...
Corporate news of Kilo Goldmines Ltd.
7/28/2016Kilo Goldmines Announces Private Placement and Closing of Fi...
7/14/2016Kilo Goldmines Announces Favourable Court Ruling Regarding T...
1/20/2016Kilo Goldmines and Randgold Resources Announce Signing of Jo...
1/19/2016Kilo Goldmines and Randgold Resources Announce Signing of Jo...
11/19/2015Kilo Goldmines Announce $2M Non-brokered Private Placement
9/23/2015Kilo Goldmines Announces Results of Stream Sediment Sampling...
4/24/2015Kilo Goldmines Ltd.: Corporate Update
2/5/2015Kilo Goldmines Ltd.: Exploration Activities Update
12/19/2014Kilo Goldmines Announces Grant of Stock Options
12/18/2014Kilo Goldmines Announces Grant of Stock Options
11/18/2014Kilo Goldmines Ltd.: Exploration Activities Update
10/8/2014Kilo Announces Appointment of New Interim CEO
7/28/2014Additional Targets Delineated on the Kilo - Randgold Joint V...
6/23/2014Kilo Goldmines Ltd.: Exploration Activities Update
6/6/2014Liberty Street Capital Corp. Proposes Eight Directors to the...
6/2/2014Kilo Goldmines Announces Corporate Update
10/1/2013announces Cost Cutting Implementation
9/30/2013Cost Cutting Implementation
8/15/2013(Somituri)COMPLETION OF PLANNED 2013 SOMITURI PROJECT DRILLING PROGRAM...
7/22/2013Primary Targets Defined on Joint Venture Ground With Randgol...
3/20/2013Completes $10 Million Unit Offering
3/11/2013Announces Pricing for Previously Announced Offering
2/15/2013Files Amended Disclosure Documents
1/31/2013Files Preliminary Short Form Prospectus for Offering of Comm...
11/2/2012Intersection of 5.80 m Grading 42.24 G/T Gold, in a 700 m Op...
3/9/2012Announces Election of New Director
2/21/2012(Somituri)Drilling Intersects 3.09 g/t Gold Over 33.68 m on Adumbi Gol...
1/9/2012(Somituri)Drilling Intersects 4.96 g/t Gold Over 11.20 Metres (Includi...
1/5/2012Rio Tinto Makes Payment of US$1.43 Million to Kilo under Isi...
11/28/2011Comments on Reports of Award of Afghan Iron Ore Concession B...
10/13/2011(Somituri)Drilling Intersects 7.71 g/t Gold Over 12.60 metres; Defines...
9/1/2011(#KGL) announces CEO transition and grant of stock options
8/23/2011(Somituri)Drilling Intersects 3.86 g/t Gold Over 34.30 Metres on the A...
7/7/2011Announces Changes in Management and Board
6/30/2011(Somituri)Announces 31.70 Metres Grading 4.39 g/t Gold on the Manzako ...
5/26/2011Adopts Shareholders Rights Plan
5/12/2011Completes $10 Million Unit Offering
5/4/2011Files Final Short Form Prospectus for Offering of Units
4/25/2011Files Preliminary Short Form Prospectus for Offering of Unit...
3/2/2011Announces 2.0 Million Ounces Gold ...
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