VANCOUVER, June 1, 2011 /CNW/ - Alpha Gold Corp. (TSX-V: ALQ) ("Alpha Gold" or the "Company") today announced that director Carl Pines has been appointed the interim CEO of Alpha Gold.
Mr. Pines holds a Bachelor of Sciences from McGill University, a Bachelor of Law from the University of British Columbia and attended the Stanford University Graduate Management Program. His areas of practice are Business & Corporate, Mergers & Acquisitions and Restructuring. Currently an Associate Counsel with Owen Bird Law Corporation, Mr. Pines has been involved in commercial law his entire career as well as being a director of several private companies. Structuring corporate transactions ranging from joint ventures to public offerings, that have included a number of mineral projects developing diamond, tungsten, gold and base metal assets, have been central to his law practice. He has also been legal counsel to other public companies and participated in board meetings in that capacity. Having served as Director for twelve years and the Audit Committee Chair means no one is more knowledgeable about Alpha Gold's history, nor is better prepared to take charge of the Company, than Carl Pines.
"Alpha's Board of Directors recognizes the responsibility we have to shareholders to build value in our Company," commented Carl Pines. "Since we have yet to find a suitable chief executive candidate, it is the decision of the Board that I formally assume the leadership role as Interim-CEO. My focus will be on investigating acquisition opportunities to explore other mineral projects in mine-friendly jurisdictions, including international prospects."
Alpha is nearing completion of its full data compilation program which began in September 2010 and includes digitizing of all available data from historic sampling and drill programs on the Lustdust Property. Alpha's Technical Director, Mary Webster, has determined that there are additional potential targets on the property that warrant further examination before pursuing another drill program.
About Alpha Gold Corporation
Alpha Gold is a mineral exploration company whose 100%-owned, royalty-free, Lustdust Property is advantageously situated with nearby road and rail access in north-central British Columbia. Lustdust consists of 17 contiguous mineral claims covering 8,560 hectares and contains twelve known mineralized areas, of which the copper-gold-silver Canyon Creek Skarn Deposit has a NI 43-101 compliant resource. Alpha Gold Corporation has approximately 47.2 million shares issued and outstanding, 59.75 million fully diluted. Shares are listed on the TSX Venture Exchange under the symbol "ALQ".
- On behalf of the Board of Directors, Carl Pines, Director, Alpha Gold
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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. Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgement as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
