G & S Minerals Announces Management Changes; New Leadership to Guide Company After Milestone Development Agreement
October 06 2008 - 4:05PM
Marketwired
G & S Minerals, Inc. dba Gold & Silver Minerals ("G&S,"
"the Company") (PINKSHEETS: GSML) (FRANKFURT: G9S), a mining
company focused on developing high-quality and low-risk mineral
resource and energy prospects, today announced several management
changes made in connection with the scheduled closing of the
milestone Strategic Cross Investment and Gold Field Development
Agreement with Mayan Gold, Inc.
With the Company's appreciation for their service, Michael
Sandidge (President & Chief Executive Officer), Ryan Kutty
(Chief Financial Officer & Director), and William Curtis (Vice
Chairman) have resigned their respective positions with G & S
Minerals. Effective immediately, Mr. Irwin Renneisen has been
appointed as President, Chief Executive Officer, and Chairman of
the Board of Directors. Mr. Renneisen is an established leader with
decades of executive experience, most recently with an emerging
carbon credit/trading firm. The broad scope of his r�sum�,
including previous work with an industrial minerals company as well
as his responsibilities as a managing director of a registered
broker/dealer, highlights his qualifications for this role.
Joining Mr. Renneisen is Jerome Liss, who will serve as the
Company's new Chief Financial Officer and Treasurer. Both Mr.
Renneisen and Mr. Liss bring over 60 combined years of extensive
experience in the public and private business sectors. Each has
served in an executive capacity in their related positions and is
well suited to advance G & S Minerals' growth strategy.
Mr. Charles Brown, who had previously served as Chairman of the
Board, will now serve as the Vice Chairman of the Board and Vice
President. Mr. Edward Stanojev Jr. will continue to serve his dual
role as a member of the Board of Directors and Secretary. The
Company also named Mr. William Smith as a new member of the
Board.
"The management changes were both a practical and strategic
result of the Company's agreement with Mayan Gold, Inc.," stated
Charles Brown, Vice Chairman. "In the past few months we've
succeeded in creating the Company's largest strategic relationship
to date, as well as elevating our Company and its transparency from
the lowest Pink Sheet tier to our present classification as
'Current Information.' We're confident in the skill and leadership
of those now joining us, and believe that Mr. Renneisen, Mr. Liss,
and Mr. Smith will prove vital to our plans to grow our Company and
take advantage of what we feel is a tremendous long-term
opportunity in the metals industry."
ABOUT G & S MINERALS, INC.:
G & S Minerals, Inc. (which also does business under the
name "Gold & Silver Minerals") is a mining company focused on
acquiring and developing high-quality, low-risk mineral resource
and energy prospects. G & S Minerals is aggressively pursuing
opportunities to develop working interests in mineral properties
that offer a short time to production, as well as significant
upside exploration potential. In addition, G & S Minerals is
investigating opportunities for corporate transactions that will
expand the mineral and resource portfolio. By leveraging its
network of industry contacts, management expertise, and its
targeted acquisitions, G & S Minerals is working to build rapid
asset growth, near-term cash flow, and shareholder value.
Additional information is available at G & S Minerals' website
at www.gold-silverco.com.
Forward-Looking Statements:
Statements contained in this press release, which are not
historical facts, are forward-looking statements as interpreted in
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based largely on current
expectations and are subject to a number of known and unknown
risks, uncertainties and other factors beyond the Company's control
that could cause actual events and results to differ materially
from these statements. These risks include, without limitation,
that there can be no assurance that the announced managerial and/or
executive changes will result in beneficial operating results for
the Company, new projects or joint ventures, or other opportunities
for the Company not specifically stated in this release. Statements
including 'believe,' 'feel,' and similar language should be
understood to specifically contain forward-looking statements.
These statements are not guarantees of future performance of any of
the persons specified in this release, and readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this release. G & S Minerals
undertakes no obligation to update publicly any forward-looking
statements.
Company Contact: G & S Minerals, Inc. Charles Brown
702-943-8848
G and S Minerals (CE) (USOTC:GSML)
Historical Stock Chart
From Nov 2024 to Dec 2024
G and S Minerals (CE) (USOTC:GSML)
Historical Stock Chart
From Dec 2023 to Dec 2024