Northern Star Announces Management Changes
23.02.2010 | Marketwire
VAL D'OR, QUEBEC -- (Marketwire - Feb. 23, 2010) - Northern Star Mining Corp. (TSX VENTURE:NSM) (OTCQX:NSMSF) ("NSM" or the "Company") announces that Michel David has resigned as Chairman of the Board, President and CEO of NSM effective immediately. Mr. David will continue on as a director of the Company.The Company has appointed Jonathan Awde, Vice-President, Corporate Finance, to serve as interim President and CEO of NSM. Mr. Awde has extensive financial experience and been instrumental in helping to raise over $80 million for the Company since joining the board of directors in 2007.
The Board is also reviewing NSM's overall personnel requirements with a view to expanding development of the Company's Midway gold project in Val d'Or, Quebec and fulfiling its goals of becoming a mid-tier gold producer and maximizing shareholder value. Further management related announcements are expected in the near term.
Mr. Jonathan Awde, spokesman for the Board, stated: "We would like to sincerely thank Mr. David for his valuable contribution to the Company for the past 8 years. Under Mr. David's leadership, NSM successfully assembled an impressive exploration land package in Val d'Or, Quebec and moved the Midway project from a pure exploration property to the Company's first gold pour (as announced on February 5, 2010).
The current management team of NSM is supportive of this change in leadership as the Company embarks on this important phase at its Midway gold project in Val d'Or, Quebec.
ON BEHALF OF THE BOARD
Jonathan Awde
President
This press release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with, among others, the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
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.
Contact
Northern Star Mining Corporation
Toll Free (800) 460-5031 or (819) 825-8088
(819) 825-1199 (FAX)
www.nsmgold.com or
Renmark Financial Communications Inc.
Barry Mire: bmire@renmarkfinancial.com
Christine Stewart: cstewart@renmarkfinancial.com
Montreal - Tel.: 514.939.3989 / Fax: 514.939.3717
Toronto - Tel.: 416.644.2020 / Fax: 416.644.2021
www.renmarkfinancial.com