Pershimco Names VP Exploration and VP Latin America
ROUYN-NORANDA, QUEBEC -- (Marketwire) -- 02/22/13 -- Pershimco
Resources Inc. (the "Company" or "Pershimco") (TSX
VENTURE:PRO)(FRANKFURT:BIZ) is pleased to announce the appointment of
Mr. John Kapetas and Mr. Octavio Choy to the newly created positions
of Vice-President Exploration and Vice-President Latin-America,
The promotions of these two highly experienced and dedicated
professionals are in line with the Company's optimization of its
corporate structure, overseeing the 175 engineers, geologists,
administration professionals and other employees who are all
contributing to Pershimco's continued growth and international
Mr. Kapetas, B.Sc. Hons, MAusIMM. MAIG, an Australian citizen, will
lead the Company's exploration and geological programs at its
projects in Panama, Canada and Mexico. His responsibilities will
include resource development, exploration planning and management,
quality control, and new project evaluations, as well as the
associated budgetary planning and control.
Mr. Choy, a dual American and Panamanian citizen, will supervise
operations in Latin-America, primarily overseeing the Company's two
offices in Panama. He will also be responsible for the Mexican
subsidiary and all future developments within the region. Mr. Choy's
responsibilities also include maintaining a positive image of
Pershimco's presence in Latin America, helping to ensure that our
projects are developed using the highest ethical standards towards
our workers and the surrounding communities.
Alain Bureau, P. Eng, Pershimco's President and CEO commented:
"Octavio and John are two of our team's specialists who are helping
us deliver on our promises in the coming months and years. Their
combined years of experience in bringing mining projects from
exploration through to production are key to our plans and success.
We have also recently hired several professionals as we build a top
team committed to efficiently advancing our projects and delivering
the value that our shareholders expect and deserve."
Mr. Kapetas completed both his Bachelor of Science and Honors degrees
in geology at the University of Adelaide in Australia. He is a member
of the Australasian Ins
titute of Mining and Metallurgy, the
Australian Institute of Geoscientists, and the Society of Economic
Geologists. With over 20 years of experience in the industry, he has
worked on international exploration projects in Australia, Southeast
Asia, Africa and Latin America. Recently, Mr. Kapetas was V.P.
Exploration & Resources Development at Petaquilla Copper Ltd., where
he oversaw the development of that company's copper-gold resource and
was involved in the transaction leading to the sale of those assets
to Inmet Mining Ltd.
Mr. Choy brings over a decade of precious metals and mining
experience to the Company, including several years involved in
project financing and metals merchant trading. Most recently, he
served as the General Manager for Petaquilla Copper Ltd., and V.P. of
Commercial Operations for Petaquilla Minerals Ltd. He was a key
member of the team that brought Petaquilla Minerals Ltd. into
commercial production, assisting in successfully closing both equity
and debt financing for the construction and commissioning of the
Molejon Gold Plant. He also helped create the construction team for
the process plant and helped manage cost control and budget plans.
About Pershimco Resources Inc.
Pershimco Resources Inc. is a Canadian-based resources and
exploration company listed on the TSX Venture Exchange and the
Frankfurt Exchange. The Company holds several mining properties in
Canada and South America, including the extraction permitted Cerro
Quema advanced project in Panama and the Courville Gold Project, in
the Val-d'Or Gold Mining Camp, being explored in partnership with
Osisko Mining Corporation. The Company is managed by skilled and
reputable people with extensive mining, exploration and development
experience. The Pershimco Team and its investors are the keys to its
The Company's documents are available on www.sedar.com.
Please visit the Company's website at www.pershimco.ca.
Neither the TSX Venture Exchange nor its regulation services provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release. Statements made in this news release that are not historical
facts are "forward-looking statements" and readers are cautioned that
any such statements are not guarantees of future performance, and
that actual developments or results, may vary materially from those
in these "forward-looking" statement.
Pershimco Resources Inc.
Alain Bureau, P. Eng.
President and Chief Executive Officer
+1 (819) 797-2180
Pershimco Resources Inc.
+1 (514) 993-4510
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