Simba Gold Appoints Peter Miles as President and CEO; Allan Armitage as Director
May 04 2011 - 1:40PM
Marketwired
Simba Gold Corp. ("Simba" or the "Company") (TSX VENTURE: SGD) has
added new management and directors as it moves ahead with its
exploration plans in Africa.
The Company has appointed Peter Miles as President and Chief
Executive Officer; he has also joined the board of directors. Mr.
Miles is a director of the Gamehost Income Fund, the Vancouver
Aquarium and Marine Science Centre, Guerrero Exploration Inc., and
is the founder and President and CEO of Sanatana Resources Inc. Mr.
Miles has raised over $75,000,000 for a variety of companies,
primarily in the natural resource sector. At an early stage, Mr.
Miles identified and financed Roughrider Uranium. Subsequently Mr.
Miles structured and assisted Hathor Exploration in its acquisition
and financing of Roughrider Uranium that ultimately led Hathor to
its key discovery in the Athabasca uranium region of Saskatchewan.
Mr. Miles has more than 25 years' experience in investment banking
and retail stock brokerage and was previously a Vice President of
Midland Doherty Inc., Dean Witter Reynolds, and CIBC World
Markets.
The Company's board has also appointed Allan Armitage as an
independent director of the Company. Mr. Armitage is geologist with
over 20 years of experience in the mining and exploration industry
and his appointment brings geological expertise to the board as the
Company focuses on its Miyove gold project in Africa.
Mr. Armitage is currently a senior geologist with GeoVector
Management Inc., which provides resource evaluation and estimation
and project management for resource companies. Prior to his current
position, Mr. Armitage served as vice president of exploration for
both Uranium North Resources and Triex Minerals Corp., and has held
senior positions for a number of mining exploration companies with
properties in North and South America. His experience includes
managing all geological and geophysical aspects of exploration
including, the implementation of exploration and drilling programs,
preparing technical reports and managing quality assurance on
properties.
Mr. Armitage has a PhD in geology from the University of Western
Ontario and is an active member of the Association of Professional
Engineers, Geologists and Geophysicists of Alberta. He is a
Qualified Person, as defined by National Instrument 43-101, and has
experience working in Canada, Mexico and Honduras.
Bijay Singh has joined the Company as Vice President of Business
Development. For over ten years, Mr. Singh has worked with public
and private companies providing services in the areas of corporate
finance, product and business development, corporate negotiations
and coordinating public relations. Mr. Singh previously worked with
one of the largest financial services companies in North America
providing long-term financial strategies for both individuals and
businesses.
Simba has accepted the resignations of Quinton Hennigh and
Sokhie Puar from the board of directors and thanks them for their
efforts in overseeing the Company's Qualifying Transaction.
Simba also announces that it has adopted a new stock option
plan. Shareholders approved the plan at the Company's annual
general meeting held on April 20, 2011. Under the stock option
plan, a maximum of 10% of the issued and outstanding shares of the
Company will be reserved at any time for issuance on the exercise
of stock options.
About Simba Gold Corp.
Simba is an African-focused gold exploration company with an
option to acquire a company that owns gold exploration rights
within the Gicumbi, Burera, Rusizi and Nyamasheke Districts, and
nickel exploration rights within the Kirehe District of the
Republic of Rwanda. Simba's principal property is the Miyove Gold
Project located in the Gicumbi and Burera Districts.
Cautionary Statement Regarding Forward-Looking Information
Some of the statements contained in this press release are
forward-looking statements and information within the meaning of
applicable securities laws. Forward-looking statements and
information can be identified by the use of words such as
"expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain
actions, events or results "may", "could", "should", "would",
"might" or "will" be taken, occur or be achieved. Forward-looking
statements and information are not historical facts and are subject
to a number of risks and uncertainties beyond Simba's control.
Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the
forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements,
except as may be required by law.
Neither TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Simba Gold Corp. Mr. Peter Miles President and Chief
Executive Officer 604-408-6680 info@simbagoldcorp.com
www.simbagoldcorp.com
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