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Change to Management and Board of Directors

 

Philippine Metals Inc. ("Philippine Metals" or the "Company") (TSXV: PHI, Frankfurt: PM7) announces that Mr. Feisal Somji has resigned from his positions of Chief Executive Officer and member on the Board of Directors of the Company, effective immediately.

Mr. Marshall Farris, President of Philippine Metals Inc. stated: "On behalf of the company's management and board of directors, we wish to thank Mr. Somji for his significant contributions to the company since its inception and wish him all the best in his future endeavours."

The Company further announces the appointment of Mr. Craig Lindsay to the position of Chief Executive Officer. Mr. Lindsay, a member of the Board of Directors of the Company, has in excess of 20 years experience in corporate finance, investment banking and business development in both North America and Asia and is currently the President and CEO of Otis Gold Corp. and Managing Director of Arbutus Grove Capital Corp., a private company offering corporate finance and merchant banking services. Mr. Lindsay is a former resident of Hong Kong where he was a senior executive at The Pacific Rim Group, which provided financial advisory, venture capital and related services to Asian and North American clients. He was a co-founder and CFO of OneAsia.com, an innovative B2C internet retailer of Asian language entertainment products, which was acquired by tom.com Limited, a company associated with Hutchinson Whampoa Ltd. Mr. Lindsay has extensive experience in the natural resource sector at the Director and Officer level, and currently sits on the board of Tarsis Resources Ltd.

About Philippine Metals Inc.

Philippine Metals Inc. is focused on the exploration, discovery and development of highly prospective copper and copper-gold deposits in the Philippines. Based on the region's geological environment, the company's management team recognizes the country's potential for hosting large, world-class deposits of copper and copper-gold.

 

The Company's initial projects, Taurus, Malitao and Dilong, are examples of management's ability to source quality, highly prospective targets. The management team combines strong financial capabilities with world-class experience in mineral exploration, discovery and mine development.

 

 

ON BEHALF OF THE BOARD OF

PHILIPPINE METALS INC.

 

Marshall L. Farris
President and Director

 

 

Data and Statistics for these countries : Canada | Hong Kong | Philippines | All
Gold and Silver Prices for these countries : Canada | Hong Kong | Philippines | All
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Philippine Metals Inc.

CODE : PHI.V
ISIN : CA7182572072
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Financings of Philippine Metals Inc.
5/10/2010Philippine Metals Inc. Applies to Extend the Expiry Date of ...
3/17/2010Philippine Metals Corp. Completes Second Tranche of Private ...
2/26/2010 Completes Initial Tranche of Private Placement for $5,183,6...
Option Grants of Philippine Metals Inc.
4/14/2010Details concerning Grant of 4,165,000 options
Nominations of Philippine Metals Inc.
12/7/2012Philippine Metals Inc. Announces Change of Management and Bo...
12/6/2012Change to Management and Board of Directors
12/6/2012Change to Management and Board of Directors
Project news of Philippine Metals Inc.
3/31/2011(Taurus Philippines)Philippine Metals Provides Update on Malitao and Taurus Proj...
3/31/2011(Malitao)Philippine Metals Provides Update on Malitao and Taurus Proj...
Corporate news of Philippine Metals Inc.
8/20/2013Announces Completion of Share Consolidation
4/8/2013Results of Annual General and Special Meeting
6/7/2011Corporate Update
4/21/2011Working With MGB to Overturn Cancellation of Dilong EPA
11/16/2010Philippine Metals Inc. Joins OTCQX
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TSX-V (PHI.V)
0.050+0.00%
TSX-V
CA$ 0.050
10/31 15:50 -
0%
Prev close Open
0.050 0.050
Low High
0.050 0.050
Year l/h YTD var.
0.050 -  0.100 -16.67%
52 week l/h 52 week var.
0.050 -  0.100 -%
Volume 1 month var.
2 -16.67%
24hGold TrendPower© : -37
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Annual variation
DateVariationHighLow
2014-50.00%0.100.06
2013-58.33%0.240.05
2012-25.00%0.560.16
2011-88.24%2.800.32
2010Infinity%4.320.50
 
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