TORONTO, ONTARIO--(Marketwired - April 10, 2013) - Mag Copper Limited ("Mag Copper" or the "Company") (CNSX:QUE) announces that Messrs. John Cullen and David Reid have resigned as directors of the Company effective immediately. The board of directors and management would like to thank Messrs. Cullen and Reid for their respective contributions to the Company and wish them every success in their future endeavours.
The Company wishes to fill the vacancies created by the current and past resignations, with the appointment of Messrs. Terry Loney, John Carter and Dan Weir.
Mr. Loney is President, Chief Executive Officer and Director of Northern Skye Resources Ltd., a private mineral exploration company. He has been President of Klondike Bay Resources for 31 years with a main focus on property acquisitions, exploration and development. He has also served as an officer and/or director of several public companies including Golden Bridge Mining Corporation and Portage Minerals Inc. He is also a Director of PDAC and OPA.
Mr. Carter is a Director of Trueclaim Exploration Inc., Golden Bridge Mining Corporation and Northern Skye Resources. Mr Carter brings more than 35 years of direct mining and minerals processing equipment experience to the Board of Mag Copper. For much of his career he was President of Minpro International, a Canadian company engaged in the design, fabrication and installation of all forms of mineral processing equipment. Mr. Carter was also President of Trueclaim Exploration Inc., a junior public gold and silver mining exploration company with operations in Arizona and Ontario.
Mr. Weir is the Chairman of the Board of Michigan Potash, a private potash exploration company. During his career he held numerous senior positions with the banking industry, most recently as Head of Sales at Pope & Company Limited, an independent financial services firm. Mr. Weir brings extensive capital markets experience to the Board of Directors of Mag Copper.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
- Board & Management Changes
- John Cullen
President and CEO