Largo announces the election of David Brace, Wayne Egan and Dr. Allen Alper to its Board of Directors
Largo Resources Ltd.
("Largo" or the "Company") is pleased to
announce that the nominees Mr. David Brace, Mr. Wayne
Egan and Dr. Allen Alper
to its Board of Directors ("the Board") were duly elected by
shareholders at the Company's Annual and Special Meeting of Shareholders on June
26th, 2012. These elected nominees replace Mr. Stan
Bharti, Mr. Mike Hoffman
and Mr. William Clarke on the Board.
Additionally, Mr. Mark
Brennan, Mr. Alberto Arias, Mr. Dirk
Donath and Mr. Dan Ioschpe were re-elected as directors of the
Company. Each elected director will hold office until his successor is elected
at the next annual meeting of the Company or until his successor is elected or
appointed.
Largo is pleased to welcome
Mr. Brace, Mr. Wayne Egan and Dr. Alper
and believes their combined expertise will greatly benefit the Company as it
moves into the production and cash-flow generation stage.
Largo would also like to
take this opportunity to thank Mr. Bharti, Mr.Hoffman and Mr. Clarke for their
significant contributions during their tenures as directors of the Company.
Biographies of New
Directors:
David Brace
Mr. Brace is currently
Chief Executive Officer and a director of Karmin
Exploration Inc. (TSXV: KAR) and a director of Viking
Gold Exploration Inc. (TSXV: VGC). Mr. Brace previously served as
President of Lambton Capital Inc., a private investment firm focused
on evaluating mining investments, from January until September, 2011. He has
also served as the Chief Executive Officer and as a director of Globe Star
Mining Corporation until that company's acquisition by Perilya
Limited in December 2010. Mr. Brace has also served as
Executive Vice-President of Business Development with Aur
Resources Inc. until August, 2007.
Wayne Egan
Mr. Egan is a partner at
the law firm of WeirFoulds LLP and acts
for several public companies on the TSX and TSX Venture Exchange. He has been a
director of Exall
Energy Corporation (TSX: EE) since October 2008, and a
director of James Bay Resources
Limited (TSXV:JBR) since March, 2008. Mr. Egan
obtained a B.Comm. from the University
of Toronto and an LL.B. from Queen's University.
Dr. Allen Alper
Dr. Alper
has been the President of Alper Consulting Inc.
and the Publisher and Editor-in-Chief of Metals News Inc. since
1999. Dr. Alper is an accomplished senior executive,
with 30 years of experience at Osram Sylvania,
Inc., formerly GTE Sylvania. During that time Dr. Alper
was Director of Research and Development for Sylvania
's Chemical and Metallurgical Division in Towanda,
PA. Later he was Vice President and General Manager for that
division and held the position for 15 years. Dr. Alper
also served as President of GTE Sylvania's Walmet, a
tungsten carbide manufacturing company. Subsequently, he served as Vice
President of Strategic Planning and found and acquired tungsten manufacturing
plants in Bruntál, Czech
Republic for Osram. Dr. Alper is an expert in the technology, manufacturing and
marketing of Tungsten, Molybdenum and other strategic metals and holds 33
patents. He edited eleven books in high temperature metals and oxides. He is a
Fellow of the Geological Society of America and the American
Ceramic Society. Mr. Alper holds a Ph.D. in
Economic Geology.
About Largo
Largo is a Canadian-based
mineral resource exploration and development company focused on creating a
world leading strategic metals company.� Largo
currently holds a 90% interest in the Maracás Vanadium
Project, a 100% interest in the CurraisNovos
Tungsten Tailing Project, a 100% interest in the Campo Alegre de Lourdes Iron-Vanadium Project, all in Brazil,
and a 100% interest in the Northern Dancer Tungsten-Molybdenum property located
in the Yukon Territory,
Canada.� The immediate goal of the Company is
to develop the Maracás Vanadium Project
by early Q4 2013 and continue to produce WO3 concentrate from the
reprocessing of tungsten tailings from CurraisNovos.�
Largo's skilled management team both in Canada
and Brazil, are
confident in their ability to advance these projects.
Largo is listed on the TSX
Venture Exchange under the symbol "LGO".