La Ronge Expands Management Team and Adds Board Members
May 13 2014 - 11:48AM
Marketwired Canada
La Ronge Gold Corp. ("La Ronge" or the "Company") (TSX VENTURE:LAR) is pleased
to announce that the Company will retain Canfrac Sands Ltd.'s operations team,
including David Brough. David Brough is a results-focused, effectual leader who
has led and managed multiple teams in a variety of business initiatives. These
businesses have been focused in the oil, gas, and oil and gas service industry.
As President and CEO of Earth Energy Resources Inc., Mr. Brough led the team
that developed, funded, and patented the first environmentally focused and
US-based oil sand company with 200,000,000 bbls in reserves. Mr. Brough and the
team involved developed what is one of the largest aggregate pits in N.E.
Alberta to serve the SAGD (Steam-assisted Gravity Drainage) oil plays and
construction industry. Working with management of an oilfield service company in
Grande Prairie, AB, the company grew from $1 MM a year in revenue to as much as
$1 MM a month within 18 months prior to his exiting. For the past five years,
the focus has been silica sand development. David led the team that was the
first to develop a process to crush hard rock quartz for use in fracking.
Recently as President and CEO of Canfrac, David was able to secure multiple
primary clients, turning around the Saskatchewan-based silica producer and
outselling current plant production. David's experience includes mergers,
acquisitions, and negotiation and closure of contracts with North America's
largest oil and gas companies. His duties have included the management of
day-to-day operations, structuring companies to the point of achieving and
securing financing from outside equity partners. David has Board experience with
4 companies.
The Company is also pleased to announce that two additional Board members will
join La Ronge, namely Tony Yip and Chris Friesen on or after June 19, 2014.
Tony Yip graduated from The University of North Dakota School of Law. He has
over 16 years of experience advising oil and gas companies in the areas of
mergers & acquisitions, corporate governance, and commercial and contract
matters. He joined Canfrac Sands in March 2014. Mr. Yip has held senior legal
and management positions with Canadian Natural Resources, ARC Resources, and
AMEC, the global engineering and oil & gas Services Company. During his career,
Mr. Yip has worked on closing over $7 billion worth of M & A transactions.
Christopher (Chris) Friesen - BSc. Eng., P.Eng - Chris has 10 Years of Oil and
Gas engineering experience with both major and intermediate sized Oilfield
Service and E&P Companies. He is involved in the day-to-day family business
interests of the Friesen Group of Companies, which holds interests in a variety
of industries including frac sand mining and logistics, transloading, crude oil
marketing, land development, equipment leasing and financing, aviation, private
equity placements, commercial real estate, intelligent vending, and car washes.
Chris is a Founder and President of RockBoss Developments Ltd., a local Calgary
residential land developer. He holds a degree from the University of Alberta in
Chemical Engineering. Member of the Association of Professional Engineers and
Geoscientists of Alberta (APEGA).
La Ronge President and CEO Rasool Mohammad commented, "Mr. Brough and his team's
work experience in the oil field services sector in Western Canada's Sedimentary
Basin are invaluable. We look forward to working with Mr. Brough and his team to
increase shareholder value by expanding the existing frac sand operation and
business."
About La Ronge Gold Corp.
La Ronge is actively engaged in diversifying its mining assets portfolio into
sectors other than precious metals. The intent of this strategy is to identify
and acquire strategic investments that have the capability to generate cash flow
with low capital expenditure costs. This mining asset diversification strategy
is limited geographically to Canada at the present time. La Ronge is a
Vancouver-based resource growth and development company. The Company owns
high-grade gold deposits in one of Canada's emerging gold producing regions, the
La Ronge Gold Belt, northern Saskatchewan. La Ronge also holds other gold
projects located in Ontario and Saskatchewan.
Cameron Bartsch, M.Sc., P.Geo., of Tetra Tech EBA, a Qualified Person as defined
by National Instrument 43-101, has reviewed the scientific and technical
information disclosed in this News Release and has approved its dissemination.
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.
FORWARD-LOOKING INFORMATION
This News Release includes forward-looking information and statements, which may
include, but are not limited to, information and statements regarding or
inferring the future business, operations, financial performance, prospects, and
other plans, intentions, expectations, estimates, and beliefs of the Company.
Information and statements which are not purely historical fact are
forward-looking statements. Forward-looking information and statements involve
and are subject to assumptions and known and unknown risks, uncertainties, and
other factors which may cause actual events, results, performance, or
achievements of the Company to be materially different from future events,
results, performance, and achievements expressed or implied by forward-looking
information and statements herein. Although the Company believes that any
forward-looking information and statements herein are reasonable, in light of
the use of assumptions and the significant risks and uncertainties inherent in
such information and statements, there can be no assurance that any such
forward-looking information and statements will prove to be accurate, and
accordingly readers are advised to rely on their own evaluation of such risks
and uncertainties and should not place undue reliance upon such forward-looking
information and statements. Any forward-looking information and statements
herein are made as of the date hereof, and except as required by applicable
laws, the Company assumes no obligation and disclaims any intention to update or
revise any forward-looking information and statements herein or to update the
reasons that actual events or results could or do differ from those projected in
any forward-looking information and statements herein, whether as a result of
new information, future events or results, or otherwise, except as required by
applicable laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
La Ronge Gold Corp.
Rasool Mohammad, B.Sc. (Mining)
President & CEO
604 639-4533
604 685-3765 (FAX)
www.larongegold.com