Alder Announces Appointment of Don Dudek, as Chairman of the Board of Directors
August 24 2011 - 3:02PM
Marketwired
Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE: ALR)
is pleased to announce the appointment of Don Dudek as Chairman of
the Board of Directors. Mr. Dudek has held various roles with
junior to senior exploration and mining companies over the past 30
years. Mr. Dudek currently serves as Senior Vice President
Exploration of Avion Gold Corporation and had been Exploration
Manager for Aur Resources Inc. During his time at Aur Resources he
managed exploration programs in Mexico, Central America, Colombia
and Ecuador. Mr Dudek also serves on the boards of Sulliden Gold
Corporation and Bell Copper Corporation. Mr. Dudek holds a B.Sc.
Geology (honors) from the University of Saskatchewan.
Rene Bharti, President and CEO of Alder states: "Alder Resources
is happy to announce Mr. Dudek as the Chairman of the Board. We
would like to thank Mr. Bruce Ford for his past role as chairman,
and welcome Mr. Dudek, who bring several decades of experience in
the mining industry. Mr. Dudek brings extensive experience in the
copper and gold arenas, which will no doubt help bring out the
value of the past producing Rosita asset in Nicaragua in respect of
which Alder has recently signed an option agreement."
In connection with his appointment, Mr. Dudek has been granted
350,000 stock options of the Company. Each option may be exercised
at a price of $0.10 per common share for a period of five years
from the date hereof. The grant of options is subject to the
receipt of approval of the TSX Venture Exchange.
About Alder Resources
Alder Resources is a resource company focused on the development
of gold and base metal projects throughout Latin America. Current
projects include its La Montanita gold property 40 km northeast of
Medellin and the recently announced Rosita Project in Nicaragua
located 275 km northeast of Managua. Alder will continue to build
its property position with strategic acquisitions. The La Montanita
property is approximately 80 km from Continental Gold's Buritica
asset.
Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, without limitation,
statements regarding the impact of the appointment on the Company;
and the development potential and timetable of the properties of
the Company. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: general business, economic, competitive, geopolitical
and social uncertainties; the actual results of current exploration
activities; risks associated with operation in foreign
jurisdictions; ability to successfully integrate the purchased
properties; foreign operations risks; and other risks inherent in
the mining industry. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts: Alder Resources Ltd. Paula Paez Marketing Director
(416) 309-2698 ppaez@alderresources.ca www.alderresources.ca
(TSXV:ALR)
Historical Stock Chart
From Jun 2024 to Jul 2024
(TSXV:ALR)
Historical Stock Chart
From Jul 2023 to Jul 2024