QUEBEC CITY, April 19 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Corporation") (TSXV: CWY) is pleased to announce the appointment of Gilles Rochette, CA, as Chief Financial Officer and a Director of the Corporation. Mr. Rochette replaces Francois Kalos, who has resigned as a Director and Chief Financial Officer and will henceforth be in charge of corporate development for the Corporation.
Gilles Rochette has acquired 20 years of experience in the accounting industry working for accounting firms, financial institutions and companies. He specializes in project and treasury management. Mr. Rochette has a bachelor's degree of business administration in accounting sciences from Université Laval in Quebec City, and is a member of the Ordre des comptables agréés du Québec and the Canadian Institute of Chartered Accountants.
Laurent Beaudoin, President and Chief Executive Officer of Conway, said that: "As we move ahead with the Belleterre Mine development, we need to strengthen our management team. Mr. Rochette's expertise in the management of large projects like Belleterre will be a substantial asset, and we welcome him to the team. For his part, Francois Kalos will take on the responsibility of corporate development, including relations with the financial community and assistance on financings."
The Corporation has granted Mr. Rochette 300,000 stock options under the Corporation's stock option plan. These options are exercisable at a price of $0.10 per share for a five-year period following the grant date.
The appointment and stock option grant are both subject to regulatory approval.
About Conway Resources Inc.
Conway is a mining exploration corporation that owns four gold properties and one rare metals property in Quebec. Its main asset is the Belleterre Mine property. The property is the site of the old Belleterre mine, which produced over 800,000 ounces of gold between 1936 and 1959. A total of 2.18 million tonnes of ore at an average grade of 10.73 g/t Au were extracted from the mine, primarily from vein 12 (95% of production). Earlier reports indicate the presence of at least 21 veins on the property.
More information can be found on Conway's website at www.ressources-conway.com.
Forward-Looking Statements
This press release contains certain forward-looking statements that might involve uncertainty, time frames, and/or known and unknown risks beyond the Corporation's control. The Corporation's actual results, performance and achievements may differ materially from the results, performance and achievements implied by such forward-looking statements.
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