La Ronge Expands Management Team and Adds Board Members
May 13 2014 - 10:48AM
Marketwired
La Ronge Expands Management Team and Adds Board Members
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2014) - La
Ronge Gold Corp. ("La Ronge" or the "Company") (TSX-VENTURE:LAR) is
pleased to announce that the Company will retain Canfrac Sands
Ltd.'s operations team, including David Brough. David Brough is a
results-focused, effectual leader who has led and managed multiple
teams in a variety of business initiatives. These businesses have
been focused in the oil, gas, and oil and gas service industry. As
President and CEO of Earth Energy Resources Inc., Mr. Brough led
the team that developed, funded, and patented the first
environmentally focused and US-based oil sand company with
200,000,000 bbls in reserves. Mr. Brough and the team involved
developed what is one of the largest aggregate pits in N.E. Alberta
to serve the SAGD (Steam-assisted Gravity Drainage) oil plays and
construction industry. Working with management of an oilfield
service company in Grande Prairie, AB, the company grew from $1 MM
a year in revenue to as much as $1 MM a month within 18 months
prior to his exiting. For the past five years, the focus has been
silica sand development. David led the team that was the first to
develop a process to crush hard rock quartz for use in fracking.
Recently as President and CEO of Canfrac, David was able to secure
multiple primary clients, turning around the Saskatchewan-based
silica producer and outselling current plant production. David's
experience includes mergers, acquisitions, and negotiation and
closure of contracts with North America's largest oil and gas
companies. His duties have included the management of day-to-day
operations, structuring companies to the point of achieving and
securing financing from outside equity partners. David has Board
experience with 4 companies.
The Company is also pleased to announce that two additional
Board members will join La Ronge, namely Tony Yip and Chris Friesen
on or after June 19, 2014.
Tony Yip graduated from The University of North Dakota School of
Law. He has over 16 years of experience advising oil and gas
companies in the areas of mergers & acquisitions, corporate
governance, and commercial and contract matters. He joined Canfrac
Sands in March 2014. Mr. Yip has held senior legal and management
positions with Canadian Natural Resources, ARC Resources, and AMEC,
the global engineering and oil & gas Services Company. During
his career, Mr. Yip has worked on closing over $7 billion worth of
M & A transactions.
Christopher (Chris) Friesen - BSc. Eng., P.Eng - Chris has 10
Years of Oil and Gas engineering experience with both major and
intermediate sized Oilfield Service and E&P Companies. He is
involved in the day-to-day family business interests of the Friesen
Group of Companies, which holds interests in a variety of
industries including frac sand mining and logistics, transloading,
crude oil marketing, land development, equipment leasing and
financing, aviation, private equity placements, commercial real
estate, intelligent vending, and car washes. Chris is a Founder and
President of RockBoss Developments Ltd., a local Calgary
residential land developer. He holds a degree from the University
of Alberta in Chemical Engineering. Member of the Association of
Professional Engineers and Geoscientists of Alberta (APEGA).
La Ronge President and CEO Rasool Mohammad commented, "Mr.
Brough and his team's work experience in the oil field services
sector in Western Canada's Sedimentary Basin are invaluable. We
look forward to working with Mr. Brough and his team to increase
shareholder value by expanding the existing frac sand operation and
business."
About La Ronge Gold Corp.
La Ronge is actively engaged in diversifying its mining assets
portfolio into sectors other than precious metals. The intent of
this strategy is to identify and acquire strategic investments that
have the capability to generate cash flow with low capital
expenditure costs. This mining asset diversification strategy is
limited geographically to Canada at the present time. La Ronge is a
Vancouver-based resource growth and development company. The
Company owns high-grade gold deposits in one of Canada's emerging
gold producing regions, the La Ronge Gold Belt, northern
Saskatchewan. La Ronge also holds other gold projects located in
Ontario and Saskatchewan.
Cameron Bartsch, M.Sc., P.Geo., of Tetra Tech EBA, a Qualified
Person as defined by National Instrument 43-101, has reviewed the
scientific and technical information disclosed in this News Release
and has approved its dissemination.
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.
FORWARD-LOOKING INFORMATION
This News Release includes forward-looking information and
statements, which may include, but are not limited to, information
and statements regarding or inferring the future business,
operations, financial performance, prospects, and other plans,
intentions, expectations, estimates, and beliefs of the Company.
Information and statements which are not purely historical fact are
forward-looking statements. Forward-looking information and
statements involve and are subject to assumptions and known and
unknown risks, uncertainties, and other factors which may cause
actual events, results, performance, or achievements of the Company
to be materially different from future events, results,
performance, and achievements expressed or implied by
forward-looking information and statements herein. Although the
Company believes that any forward-looking information and
statements herein are reasonable, in light of the use of
assumptions and the significant risks and uncertainties inherent in
such information and statements, there can be no assurance that any
such forward-looking information and statements will prove to be
accurate, and accordingly readers are advised to rely on their own
evaluation of such risks and uncertainties and should not place
undue reliance upon such forward-looking information and
statements. Any forward-looking information and statements herein
are made as of the date hereof, and except as required by
applicable laws, the Company assumes no obligation and disclaims
any intention to update or revise any forward-looking information
and statements herein or to update the reasons that actual events
or results could or do differ from those projected in any
forward-looking information and statements herein, whether as a
result of new information, future events or results, or otherwise,
except as required by applicable laws.
La Ronge Gold Corp.Rasool Mohammad, B.Sc. (Mining)President
& CEO604 639-4533604 685-3765www.larongegold.com
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