Midway Gold CFO Fritz Schaudies to resign due to health reasons

theflyonthewall.com

Ken Brunk, President and CEO of Midway Gold, regretfully informs Midway’s shareholders that Fritz Schaudies, the Company’s CFO, will be resigning from Midway. He will remain in his current position until a suitable replacement has been found and the transition has been made. That process will likely take a few months. Fritz and the rest of management will work closely to assure that there is a smooth and seamless transition of duties. During discussions, Fritz said, “I wish to make it perfectly clear that the reason I am leaving is due to my health and not due to any aspects relating to Midway. Midway is an excellent company functioning under excellent leadership. However, the transition from our current status into commercial production will require increasing stamina for any CFO, and at my age and the state of my health I must be realistic about my ability to keep up the pace."

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