VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 16, 2007) - MAG Silver
Corp. (TSX:MAG)(AMEX:MVG) ("MAG") President and CEO Dan MacInnis is pleased
to announce the appointments of Derek White and Richard Colterjohn to the
Company's Board of Directors, effective immediately.
"MAG is delighted that Mr. Colterjohn and Mr. White have agreed to join our
board. Their varied backgrounds and their global experiences in the mining
sector will be invaluable additions at this exciting period in MAG's
development", said MacInnis. "Having two individuals with substantial
credentials join the board is a measure of the significance and evolution
of MAG Silver in the resource sector. We are looking forward to working
with our new board members."
Mr. Colterjohn is the founder, President and Chief Executive Officer of
Centenario Copper Corporation, a development stage copper company active in
Chile. Since 2002, he has also acted as Managing Partner at Glencoban
Capital Management Inc., a private merchant banking firm. Between 2002 and
2007, he has also served as a director of three other Canadian public
mining sector companies: Canico Resource Corp., Cumberland Resources Ltd.
and Viceroy Exploration Ltd. Prior to April 2002, Mr. Colterjohn was
Managing Director at UBS Bunting Warburg Inc., an investment dealer.
Mr. White has over 20 years of financial experience in the mining and
metals industry. He started his career in 1986 with Coopers & Lybrand LLC
in Vancouver and Johannesburg. In 1992 he joined Impala Platinum Ltd. and
held financial management positions in both mine operations in South
Africa, and metals trading in London. He then joined Billiton International
Metals BV in 1994, as part of the Gencor Ltd. acquisition team, and held
executive financial positions in The Hague, London, and Toronto in Precious
and Base metal operations, project and business development, and
exploration including serving as Chief Financial officer for the Gencor
International Gold Division and the Billiton Base Metals Division, formed
after the acquisition by Billiton Plc of Rio Algom Ltd. In 2003, he served
as the Chief Financial Officer of International Vision Direct Corp., an
online contact lens retailer and winner of the 2003 Ernst & Young LLP -
Pacific Region Entrepreneur of the Year Award. In 2004, Mr. White, joined
as the Chief Financial Officer of newly formed Quadra Mining Ltd., mid tier
copper producer. Mr. White holds an undergraduate degree in Geological
Engineering from the University of British Columbia and is a Chartered
Accountant.
Mr. Dave Pearce, a director of MAG since its inception in 2003 has elected
to step down. Management and the Board of Directors wish to thank Mr.
Pearce for his years of invaluable service as a director and look forward
to his continued involvement with the Company. Mr. Pearce will continue his
relationship with MAG as an advisor.
Jonathan Rubenstein has been appointed non-executive Chairman of the Board.
Also joining the Company as an advisor is the Honourable Joe Fontana, P.C.
Mr. Fontana is presently an executive in a renewable energy company. He
formerly served as Minister of Labour and Housing in the Liberal Government
and brings extensive experience in international affairs including Mexico
and Caricom countries. Mr. Fontana spent 18 years as a Federal Member of
Parliament and 10 years in municipal politics in London, Ontario where he
also built a successful insurance and property management company.
About MAG Silver Corp.
MAG is focused on district scale projects located within the Mexican Silver
Belt. Our mission is to become one of the premier companies in the Silver
Mining Industry. MAG and its partner Industrias Penoles are delineating a
significant new silver vein discovery on the Juanicipio Joint Venture in
Zacatecas State, Mexico. MAG is based in Vancouver, British Columbia,
Canada. Its common shares trade on the TSX under the symbol MAG and on AMEX
under the symbol MVG.
On behalf of the Board of MAG SILVER CORP.
Dan MacInnis, Director, President and CEO
|
Thread abonnieren
