Archean Star Resources Inc. Announces Change to Directors
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/03/13 -- Archean
Star Resources Inc. (TSX VENTURE:ASP) (the "Company") is pleased to
announce that at the annual and special shareholders meeting held on
Friday, August 30th, 2013, the shareholders elected Bernie Sostak,
Aidan Anthony Nania, Gregor Maximillian Theiser and Evan Jones to the
Board of Directors.
Bernie Sostak is a geologist with over 20 years experience in the
gold mining industry. Mr Sostak is currently the General Manager of
Business Development and Technical Services for ASX listed Northern
Star Resources, prior to this role he was Director of Resource and
Reserve Strategy for Barrick Gold Corp. His experience includes mine
geology, resource estimations, exploration, mine planning and general
Aidan Anthony Nania is an Investment Banker and Managing Director of
Element Capital Partners, an investment arm of Element Commodities
Group, with interests in Mining, Oil&Gas. Mr Nania was previously
Head of Investment Banking in Australia for Casimir Capital L.P, a
natural resources focused Investment Bank.
Gregor Maximillian Theiser is the CEO and Founder of Element
Commodities Group, a physical commodities trading and investment
group. Mr Theiser has previously held senior positions with Glencore
in Beijing and Noble Group in Hong Kong as head for Minerals and
FerroAlloys. He holds a Master's degree in Business Administration
and Sinology from Vienna University of Economics.
Evan Jones is the Chief Executive Officer, President and Director of
TSX-V listed companies, Altan Rio Minerals Limited and Altan Nevada
Minerals Limited. Mr Jones' has had over ten years of experience in
corporate advisory and commercial management in the mining industry,
including six years based in developing countries has a enabled him
to build business networks and negotiate opportunities. He holds a
Bachelor of Information Technology (Information Systems) and a
Bachelor of Commerce (Finance & Management) from Bond University in
Clay Conway and John Pegg declined to stand for reappointment to the
Board of Directors and Mr. Graeme O'Neill was not elected to the
Board of Directors. The Company wishes to thank the departing
ctors for their contribution to the Company and wish them well in
their future endeavors.
The Company advises that the shareholders' meeting was adjourned for
seven days in order to consider the resolution to amend the Company's
Articles as referred to in the Supplement dated August 8, 2013 to the
Management Information Circular dated July 19th, 2013. The time in
which proxies can be deposited has been extended to the commencement
of the reconvened meeting, scheduled for 3:00 p.m. on Friday,
September 6th at Suite 1000, 840 Howe Street, Vancouver, British
Archean Star Resources Inc., is a junior exploration company listed
on the TSX Venture Exchange that has, through its wholly owned
subsidiary, Archean Star Resources Australia Pty Ltd, earned 100% of
Teck Australia Pty Ltd.'s ("Teck") approximately 88% interest,
subject to a 75% back in right in such interest to Teck, in Chalice
Gold Mines Limited's Gnaweeda Gold Project in Western Australia. The
Company is also earning an 80% interest in AMCOR's Monitor Copper,
Gold and Silver project in the Coeur D'Alene Mining District in
This News Release has been prepared on behalf of the Archean Star
Resources Inc. Board of Directors, which accepts full responsibility
for its contents.
ON BEHALF OF THE BOARD
Aidan Nania - Director
Neither the TSX Venture Exchange, nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange), has reviewed, nor do they accept responsibility for, the
adequacy or accuracy of this news release.
Archean Star Resources Inc.
(888) 282-7763 (FAX)
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