VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/24/13 -- Dolly Varden Silver Corp. (TSX VENTURE: DV)(OTCBB: DOLLF) ("Dolly Varden" or the "Company") is pleased to announce its slate of nominees to the board of directors (the "Board") for election at the annual general meeting (the "Meeting") of its shareholders to be held on July 26, 2013. The new nominees are independent with credentials and experience that match the growth, evolution, and potential of the Company. The board, as proposed, will provide additional expertise and independent governance. The three existing independent Board members will seek re-election and four new independent board members will be nominated.
Mr. Ron Nichols, Mr. Paul McGuigan and Mr. Theo Sanidas, the non-independent Board members, will not seek re-election. The four new independent nominee directors are: Ms. Rosie Moore, Mr. Ian B. Smith, Mr. George W. Heard, and Mr. Y.B. Ian He. The current independent board members, Mr. John King Burns, Chairman, Mr. Allen Ambrose and Mr. Allan Marter, will remain as independent directors.
John Burns, Chairman, commented: "We wish to thank our outgoing directors for their hard work, dedication and support over the past two years. Their contribution as directors has been profound as we took Dolly Varden public to fund the launch of our exploration program, knowing that we had one of the most accessible, historically-mined, exciting and largest geological targets under exploration in Canada today.
The quality of our team and our target have enabled us to attract Hecla Mining among others as investors, enabling us to continue exploring in one of the most challenging financing environments ever experienced in the junior resource sector. Mr. Nichols, CEO and President, and Mr. McGuigan, VP Exploration, will continue their respective executive roles. Mr. Sanidas, the founding director of Dolly Varden, will be pursuing other interests and will continue to support the Company as a significant shareholder. We wish him all the best in his future endeavours.
Our new proposed board members are a very seasoned group, each with 30+ years' experience, and have been involved in all aspects of the exploration, development and mining process.
This new board structure reflects the maturation of the company and provides shareholders the independence, skills, experience and wisdom to take the company through a very prospective drilling and exploration program."
Brief profiles of the new nominees are as follows:
Rosie Moore, BS, MS - Director Nominee
Rosie Moore is a consulting geologist/analyst. From 2006-11 she was a partner/analyst researching exploration equity investments globally for Geologic Resource Partners (Geologic), a Boston-based mining-focused equity hedge fund. Her 30-year career in mining and metals spans from site geologist on projects in the Americas (Nevada, Yukon, Peru, Labrador) through increasing corporate management roles (Diamond Fields Resources, Pan American Silver, Bear Creek Mining) and investment/capital markets (analyst at Yorkton Securities and Geologic). She currently serves as a director of Corazon Gold, was a director of Continental Gold (from seed financing to public listing 2007-10) and was CEO/director of Geoinformatics Exploration, managing its take-over of Rimfire Minerals to yield Kiska Metals (2008-10). Ms. Moore holds BS and MS degrees in Geology from Kent State University in Ohio.
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