Welcome To The ADEX Mining HUB On AGORACOM
Mount Pleasant Mine - a high-quality tin-indium and tungsten-molybdenum development project in southwestern New Brunswick, Canada.
Message: Appoints Interim CEO and Commences search for Experienced Mine Developer
| April 21, 2009 |
| Adex Appoints Interim CEO and Commences Executive Search for Experienced Mine Developer as Permanent CEO |
| TORONTO, ONTARIO--(Marketwire - April 21, 2009) - Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to announce the appointment of J. Errol Farr as the interim President and Chief Executive Officer of the Company effective May 1, 2009. The Company's board of directors will immediately commence a search for a permanent President and Chief Executive Officer who has experience in mine development and mineral production. Kabir Ahmed, the current President and Chief Executive Officer of Adex, will resign from that position effective May 1, 2009. While in his leadership role at Adex, Mr. Ahmed has been responsible for reviving the Company, listing its common shares on the TSX Venture Exchange, and re-capitalizing its treasury. In addition, over the past 18 months, Mr. Ahmed has worked to prepare the Company's Mount Pleasant Property (the "Property" or "Mount Pleasant"), located in New Brunswick, Canada, for feasibility level studies, with a view to re-commencing mineral production. The Company has completed a 13,300 meter expansion and definition drill program and National Instrument 43-101-compliant Indicated Mineral Resource Estimates for both the tungsten-molybdenum Fire Tower Zone and the tin-indium North Zone at the Property. The Company has also preserved a strong treasury of $3.88 million as of December 31, 2008. "I am very pleased to have successfully positioned Adex for feasibility, with a view to re-commencing mineral production at Mount Pleasant in the near future", said Kabir Ahmed. "The progress made by Adex to date has been made possible by an engaged board of directors, an experienced management team, and an accomplished team of technical consultants and staff, all of whom have worked tirelessly to advance the Mount Pleasant project." Mr. Farr, the Company's Chief Financial Officer and a member of the board of directors, commented that, "On behalf of the board of directors and the management team of Adex, I thank Mr. Ahmed for the significant contributions he has made during his tenure in order to move the Mount Pleasant project forward". Mr. Ahmed will remain as a member of the Company's board of directors. ABOUT ADEX: Adex Mining Inc. is focused on developing its flagship Mount Pleasant Mine Property, a multi-metal project that is host to promising tungsten-molybdenum and tin-indium-zinc-copper mineralization. Located in Charlotte County, New Brunswick, Mount Pleasant is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol "ADE". |
Loading...
Loading...
New Message
Please
login
to post a reply