Emgold appoints new independent director

From Emgold’s website:

Emgold Mining Corporation (“Emgold” or the “Company”) is pleased to announce the appointment of Mr. Andrew MacRitchie, C.A. as an independent Director of the Company. Mr. MacRitchie holds a B.S.C. Honors degree from the University of British Columbia and received his Chartered Accountant designation in 2003 while articling with PricewaterhouseCoopers.

Between 2003 and 2007 he worked for Quorum Management Services as Corporate Controller. Quorum provides accounting services for a group of exploration stage companies (including Emgold) with corporate offices in Vancouver, B.C. and gold, silver, and base-metal projects located in North and South America. In 2007, Andrew joined Helio Resource Corp., a gold exploration company with projects located in Africa, as Chief Financial Officer.

Mr. MacRitchie is a Director of the Kidney Foundation of Canada. He will bring to Emgold’s Board over 10 years of accounting experience in the mining industry and will serve as Chair of Emgold’s Audit Committee.

Mr. MacRitchie has been granted a total of 200,000 incentive stock options, exercisable at CDN$0.15 per share for a five-year period and expiring May 22, 2017. The stock options were issued in accordance with the Company’s 10% rolling stock option plan (“the Plan”) adopted by the Company’s shareholders on June 8, 2005. The Plan is approved annually by shareholders and was last approved on September 6, 2011.

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3 Responses

  1. At $0.15 per share right now, my advise to Mr. MacRitchie is– SELL!

  2. Why doesn’t this company go away? It doesn’t mine, it isn’t in tile business, toxic tiles don’t sell in any housing market let alone a down market, its stock has plummeted, and it has little support for its main project- the re-opening of the Idaho Maryland Mine.

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