Sirocco Announces the Appointment of Richard Clark as President and CEO
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/15/13 -- Sirocco
Mining Inc. ("Sirocco" or "the Company") (TSX:SIM) reports that
Richard Clark, currently CEO of the Company, has been appointed
President and CEO effective as of April 12, 2013. Mr. Clark replaces
Simon Jackson who resigned from the position of President following
his appointment as President and CEO of another publicly traded
Mr. Clark has served many years as a senior director and officer of
the Company and was instrumental in the development and construction
of Sirocco's Aguas Blancas mine which commenced production in 2001.
Mr. Clark has a long and highly successful track record in the mining
industry including Red Back Mining Inc. ("RBI") where as President
and CEO he led RBI to become an intermediate gold producer with a
2010 production of 500,000oz per annum. Mr. Clark successfully guided
RBI through all facets of growth including discovery, feasibility,
financing and production coupled with successful corporate
acquisitions culminating in the sale of RBI to Kinross Gold
Corporation in late 2010.
The Company would like to thank Mr. Jackson for his contribution to
Sirocco where, with his participation, the Company achieved
significantly improved operating efficiencies, production levels, and
increased resources and reserves, setting the stage for further
growth at Aguas Blancas.
The Company also announces that it has granted an aggregate of
2,887,500 incentive stock options to certain officers, directors and
other eligible persons of the Company. The options are exercisable,
subject to vesting provisions, over a period of three years at a
price of $0.48 per share.
About the Company
Sirocco Mining Inc. is a Canadian company which produces iodine from
its Aguas Blancas mine in northern Chile. In addition, the Company
has exploration interests in West Africa and is actively assessing
other opportunities in the industrial minerals resource sector.
This news release contains forward-looking statements concerning the
Company's plans for its business and properties. These
forward-looking statements are subject to a variety of risks and
uncertainties which could cause actua
l events or results to differ
materially from those reflected in the forward-looking statements,
including, without limitation, risks and uncertainties relating to
political risks involving the Company's exploration and development
of its properties, the inherent uncertainty of cost estimates and the
potential for unexpected costs and expenses, commodity price
fluctuations, the inability or failure to obtain adequate financing
on a timely basis and other risks and uncertainties, including those
described in the Company's periodic filings with the British Columbia
Securities Commission. Such information contained herein represents
management's best judgment as of the date hereof based on information
currently available. The Company does not intend to update this
information, except as required by law, and disclaims any legal
liability to the contrary.
On behalf of the Board,
Lukas Lundin, Chairman
Sirocco Mining Inc.
604 689 7842
604 689 4250 (FAX)
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