ANDOVER HIRES GENERAL MANAGER FOR SUN PROJECT, ALASKA
March 31, 2011, Vancouver, B.C. - Andover Ventures Inc. (�Andover� or the �Company�) (AOX-TSX: V) (AOVTF-United States) (R2X-Frankfurt Exchange) is pleased to announce that Bradley C. Peek., B.Sc., Geology, M.Sc., Geology, has joined the Company�s management team as General Manager for the SUN project in Alaska. Mr. Peek will report to the Company�s COO, Larry Segerstrom.
Mr. Peek has extensive industry experience with multiple mining companies since his graduation with a B.Sc., Geology from the University of Nebraska followed by his M.Sc., Geology from the University of Alaska. Mr. Peek has also completed a Hazardous Waste Management program at Colorado School of Mines.
Mr. Peek�s 35 years work experience includes employment with Cominco American Inc, Houston Oil and Minerals/ Tenneco Minerals and Crown Resources among others.
Mr. Peek also has extensive water systems experience from his tenure with Zancanella and Associates, Inc. This experience includes the design and operation of water systems and State and County permitting for new systems. This background will be valuable to Andover in Utah as the Burgin Project in the East Tintic Mining District progresses.
Dr. Stewart Jackson, an Andover Board member comments, �having worked with Mr. Peek at Cominco and Houston Oil and Minerals, and Crown Resource Corporation we are most fortunate to have him join our management team as General Manager for the SUN project.
Andover has granted to Mr. Peek 100,000 shares of stock options exercisable at .80 cents per share for a period of 5 years. These options vest over a 4 year period with 25% vesting each year on the anniversary date of the stock option agreement.
Andover also wishes to announce that Gold Finder Inc., formerly SNS Silver Corp., has elected to increase their share holding in the Company rather than settling all outstanding obligations between the parties for cash. Andover will issue to Gold Finder Inc., 200,000 common shares of corporate stock valued at .70 cents per share.
The transaction is subject to the approval of all requisite regulatory agencies.
About Andover:
Andover Ventures is a precious and base metal exploration and development company, headquartered in Vancouver, British Columbia, Canada. Andover Ventures holdings are located in the historic East Tintic Mining District, Utah, USA, and the polymetallic rich Ambler Mining District, located in Alaska, USA.
For further information we invite you to visit us at www.andoverventures.com
ON BEHALF OF THE BOARD
Signed �Gordon Blankstein�
CEO and Chairman
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Maxim Resources Inc.
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CODE : MXM.V |
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Maxim Res. est une société d’exploration minière et de pétrole basée au Canada. Maxim Res. est en développement de projets de gaz en Australie. Son principal projet en production est SELLHEIM GOLD en Australie et son principal projet en développement est SOUTH ERIN BLOCK en Australie. Maxim Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 292 050 CA$ (218 813 US$, 209 404 €). La valeur de son action a atteint son plus haut niveau récent le 30 décembre 2005 à 1,10 CA$, et son plus bas niveau récent le 16 décembre 2016 à 0,01 CA$. Maxim Res. possède 58 410 000 actions en circulation. |