ARGEX TARGETS SUCCESSFUL PRELIMINARY ECONOMIC ASSESSMENT OF ITS LA BLACHE DEPOSITS AS ITS PRIME OBJECTIVE
MONTREAL, June 20, 2011 /CNW/ --
- New Board of Directors and Officers reflect the shift in focus from
exploration to production
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MONTREAL, June 20, 2011 /CNW Telbec/ - Argex Mining Inc. (Argex) (TSX-V: RGX) (FSE: ASV) (OTCBB: ARGEF) held its annual meeting of shareholders today in Montreal and elected a
new board of directors and announced changes to the management team
which demonstrate a strategic commitment towards production as the
company transitions from a mining exploration company into a producer.
The board of directors of Argex now consists of Mark Billings, Roy
Bonnell, Anthony Garson, Peter H. Smith and Robert Guilbault. Among the
newly-elected directors is Robert Guilbault, the former President and
Chief Executive Officer of Aluminerie Allouette Inc. (operator of the
world's 5(th) largest aluminum smelter) located at Sept-Iles on the North Shore of
Quebec.
Management changes include the shifting of Michael Dehn's
responsibilities to the development and commercialization of the
company's technologies and third-party licensing, as well as industry
and end-user relationships. Mr. Roy Bonnell has been appointed as the
new President and CEO of Argex following the resignation of Mr. Dehn.
'Robert brings a wealth of operational experience at the most senior
level,' commented Roy Bonnell, President and CEO of Argex, 'together
with our recent addition of Enrico Di Cesare as Argex's COO, we are
laying the foundation towards building a production-focused team.'
Mr. Di Cesare, a metallurgical engineer, joined Argex's team in April,
2011, bringing with him 25 years of experience in metallurgical
processing, steel production, equipment, human resources and mining.
'Enrico is working closely with our team of consulting engineers
towards our prime objective of a successful preliminary economic
assessment,' added Roy Bonnell.
'Michael Dehn will be leading the commercialization of our technology.
It is a crucial role and given his strong industry and end-user
relationships, we don't think there is anyone better for the job and we
are confident of his success,' stated Roy Bonnell. 'Our technology will
be a key part of our company's operational success,' he added.
Roy Bonnell, Argex's new president and CEO, is one of the company's
founders and has been a member of Argex's board of directors since its
inception. In addition, he has served as its Corporate Secretary,
Vice-President and CFO. Mr. Bonnell has served on the board of
directors and as an officer of a variety of both public and private
companies. He is a graduate of the London School of Economics, McGill
University, the University of Western Ontario and Queen's University
and has been a member in good standing of the Law Society of Upper
Canada since 1996.
About Argex Mining Inc.
ARGEX MINING INC. is transitioning from a titanium, iron and vanadium
explorer to a development company with projects in Quebec, Canada. The
Company is committed to its strategic plan of rapidly advancing towards
profitable production at its 100% owned La Blache deposits located near
Baie-Comeau, Quebec. For additional information please visit our
website at www.argex.ca.
Neither the 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.
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Roy Bonnell, President and Chief Executive Officer
Argex Mining Inc.
514-788-8923
roy@argex.ca
or
Paradox Public Relations at 514-341-0408 or 1-866-460-0408