Stratton Holdings, Inc. Secures Gold Mining Expert, John Semachko, Jr. as new CEO; Company to Release 2011 Assay Results
May 02 2012 - 8:30AM
Business Wire
Stratton Holdings, Inc. (STHG - OTC Pink) announces today that
its interim CEO, Cedric Atkinson, has identified a seasoned mining
professional, John Semachko, Jr., to serve as the company’s
official Chief Executive Officer to fulfill the STHG obligations
and objectives toward long-term growth and multiple streams of
revenue. Semachko is the former president of Sierra Gold, a West
African mining company with which STGH executives have a
pre-existing relationship. He has a longstanding reputation in the
industry and will be resigning from all outside positions to ensure
that Stratton receives exclusive focus in a strategic plan to
foster the company to new levels with opportunities in both West
Africa and North America.
Atkinson, in addition to bringing seasoned management on board
with industry expertise, has set in motion the steps to buy out
Accurate Resource Development’s 50% ownership in its JV with
Stratton, giving Stratton Holdings, Inc. 100% ownership in the West
African Mining venture, reducing the company’s funding requirements
to $450,000 from $750,000, saving the company $300,000 in
commitments and increasing its ownership position in what company
executives feel will be a highly profitable venture for STHG and
its shareholders.
As well, Stratton executives are pleased to announce that the
company will be releasing the 2011 Assay Results on its West Africa
claims. Shareholders may access the results on the company’s
website (www.STHGgold.com) and they will also be posted on OTC
Markets.
Stratton Holdings Inc is a publicly traded company with a
focus on Precious Metals mining as well as business operations in
other sectors which management feels has potential for long-term
growth and/or near-term revenue opportunities.
OFFICIAL WEBSITE www.STHGgold.com