Vanguard Mining Corporation Appoints New Board Member and Chief Financial Officer
NEW YORK, NY and JAKARTA, INDONESIA--(Marketwired - Nov 20, 2014) - Vanguard Mining Corporation (PINKSHEETS: VNMCD) (PINKSHEETS: VNMC) announced today that the Company has appointed Mr. Madhava Rao Mankal as a new member of the Board of Directors and concurrently Chief Financial Officer of the Company to replace Mr. Hai Le who resigned from this position on November 5, 2014.
Mr. Mankal has more than 30 years of senior executive management experience positions in public and private companies, combining strategic and tactical expertise with strong qualifications in corporate governance, financial reporting, corporate finance, mergers and acquisitions, process design, general management and business development.
Mr. Mankal has served in various management and financial capacities as Financial Advisor for New Halfa Agricultural Corporation and other projects in Sudan that were funded by World Bank and IFC. He was a Finance Officer for NGEF, a German collaboration, for EHV transformer and motor expansion projects. He is member of the Board of Directors for Medina International Holdings, Inc., a U.S. public company. Previously, he also served as Director/Chief Financial Officer for Force Protection, Inc., U.S.A. This company grew sales from US$ 1 Million to US$ 1 Billion within 5 years and was acquired by General Dynamics in 2010. Website: www.forceprotection.net.
Mr. Mankal is a Chartered Accountant (India), Cost & Management Accountant (India) and Certified Management Accountant (U.S.A.). He also holds a Bachelor's Degree of Commerce from Bangalore University, India.
Jalani Haniffa, President of Vanguard Mining Corporation, stated: "We are delighted to welcome Rao to our Board of Directors and management team. His professional backgrounds, skill sets, experience, achievements, energy and commitment to excellence will be tremendously beneficial for the Company as we execute our acquisition and development strategy to build significant long-term value for our shareholders."
About Vanguard Mining Corporation
Vanguard Mining Corporation, a Nevada corporation established in 1987, is currently building and developing a portfolio of mineral assets in Southeast Asia, including gold, copper, limestone and gypsum in Indonesia and sand in Vietnam and Cambodia. The company has also investigated mineral asset opportunities in other geographical areas. http://www.vnmcglobal.com
Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
