Alpha Gold Director Carl Pines Appointed Interim-CEO
June 01 2011 - 12:21PM
PR Newswire (Canada)
VANCOUVER, June 1, 2011 /CNW/ -- VANCOUVER, June 1, 2011 /CNW/ -
Alpha Gold Corp. (TSX-V: ALQ) ("Alpha Gold" or the "Company") today
announced that director Carl Pines has been appointed the interim
CEO of Alpha Gold. Mr. Pines holds a Bachelor of Sciences from
McGill University, a Bachelor of Law from the University of British
Columbia and attended the Stanford University Graduate Management
Program. His areas of practice are Business & Corporate,
Mergers & Acquisitions and Restructuring. Currently an
Associate Counsel with Owen Bird Law Corporation, Mr. Pines has
been involved in commercial law his entire career as well as being
a director of several private companies. Structuring corporate
transactions ranging from joint ventures to public offerings, that
have included a number of mineral projects developing diamond,
tungsten, gold and base metal assets, have been central to his law
practice. He has also been legal counsel to other public companies
and participated in board meetings in that capacity. Having served
as Director for twelve years and the Audit Committee Chair means no
one is more knowledgeable about Alpha Gold's history, nor is better
prepared to take charge of the Company, than Carl Pines. "Alpha's
Board of Directors recognizes the responsibility we have to
shareholders to build value in our Company," commented Carl Pines.
"Since we have yet to find a suitable chief executive candidate, it
is the decision of the Board that I formally assume the leadership
role as Interim-CEO. My focus will be on investigating acquisition
opportunities to explore other mineral projects in mine-friendly
jurisdictions, including international prospects." Alpha is nearing
completion of its full data compilation program which began in
September 2010 and includes digitizing of all available data from
historic sampling and drill programs on the Lustdust Property.
Alpha's Technical Director, Mary Webster, has determined that there
are additional potential targets on the property that warrant
further examination before pursuing another drill program. About
Alpha Gold Corporation Alpha Gold is a mineral exploration
company whose 100%-owned, royalty-free, Lustdust Property is
advantageously situated with nearby road and rail access in
north-central British Columbia. Lustdust consists of 17 contiguous
mineral claims covering 8,560 hectares and contains twelve known
mineralized areas, of which the copper-gold-silver Canyon Creek
Skarn Deposit has a NI 43-101 compliant resource. Alpha
Gold Corporation has approximately 47.2 million shares issued
and outstanding, 59.75 million fully diluted. Shares are listed on
the TSX Venture Exchange under the symbol "ALQ". - On behalf of the
Board of Directors, Carl Pines, Director, Alpha Gold
Should you wish to receive Company news via email, please contact
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line. Neither 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 release. Statements in this release that are
forward-looking statements are subject to various risks and
uncertainties concerning the specific factors disclosed under the
heading "Risk Factors" and elsewhere in the Company's periodic
filings with Canadian securities regulators. Such information
contained herein represents management's best judgement as of the
date hereof based on information currently available. The Company
does not assume the obligation to update any forward-looking
statement. To view this news release in HTML formatting,
please use the following URL:
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bCHF Investo/bbr Relations /bbr/ Cathy Hume, CEObr/ T:
416-868-1079br/ E: ua
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