VANCOUVER, BRITISH COLUMBIA, Jul 06 (MARKET WIRE) —
Greystar Resources Ltd. (the “Company”) (TSX: GSL)(AIM: GSL) is
pleased to announce the appointment of David Newbold as Chief Financial
Officer (CFO) of the Company effective August, 2010. David, a citizen of
the United Kingdom, has Canadian permanent resident status but will serve
as an international consultant to the Company until pre-employment
clearances are received. Newbold will relocate in August to Vancouver,
British Columbia and assume the role of CFO.
David is a UK chartered accountant with over 36 years of international
experience in mining and finance. He holds a B.Sc. in Mathematics from
the University of East Anglia, United Kingdom. David spent eleven years
(1995-2006) at Placer Dome Inc. where he held positions of increasing
responsibility including Senior Vice President, Commercial; Senior Vice
President Strategy, Placer Dome America; President & CEO, Zaldivar Copper
Mine; and Senior Vice President and CFO, Placer Dome Latin America. Prior
to Placer Dome David spent several years at Outokumpu holding various
finance positions. David most recently was a consultant to companies
assisting them with their overseas business development and mining
investment opportunities.
Steve Kesler, President and CEO of Greystar commented, “We are
delighted to have David join Greystar. David’s experience in the finance
and development of large scale mining projects, particularly in Latin
America, will immediately strengthen the Greystar management team. David
will lead the effort to secure the finance for the Angostura gold and
silver project.”
Greystar also announces that Geoff Chater has stepped down as
Vice-President Corporate Development to return to his consulting
business. Mr. Chater will continue to support the Company as a consultant
and will work closely with Steve Kesler, on current and future
initiatives.
Steve Kesler commented, “Geoff has done a tremendous job for
Greystar initially as a director and consultant and then taking on an
executive position to develop the Company’s relationship with investors.
We look forward to continuing to benefit from his consulting services and
wish him every success in developing his business.”
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals exploration and development
company that is currently completing a feasibility study on its wholly
owned, multi-million ounce Angostura gold-silver deposit in northeastern
Colombia. A positive prefeasibility study announced on March 25, 2009
envisions average annual production at Angostura of 511,000 ounces of
gold and 2.3 million ounces of silver over a 15 year mine life.
Forward-Looking Statements
Certain statements in this news release are “forward-looking”
within the meaning of Canadian securities legislation. They include
statements about the estimated annual production from the Angostura
Project.. Forward-looking statements are necessarily based upon a number
of estimates and assumptions that, while considered reasonable by the
Company, are inherently subject to significant business, economic,
competitive, political and social uncertainties and other contingencies.
Many factors could cause the Company’s actual results to differ
materially from those expressed or implied in the forward-looking
statements. These factors include, among others, conclusions or
realization of mineral resources, the actual results of exploration
activities, possible variations in ore grade or recovery rates,
fluctuations in the price of gold and silver, risks relating to
additional funding requirements, political and foreign risks, production
risks, environmental regulation and liability, government regulation as
well as other risk factors set out under the heading “Risk
Factors” in the Annual Information Form dated March 26, 2010 which
is available on SEDAR at www.sedar.com. Investors are cautioned not to
put undue reliance on forward-looking statements due to the inherent
uncertainty therein.
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock
Exchange has reviewed and neither accepts responsibility for the adequacy
or accuracy of this news release.
Contacts:
Greystar Resources
Geoff Chater
(604) 614-7830
info@greystarresources.com
www.greystarresources.com
Renmark Financial Communications Inc.
John Boidman
Investor Relations Contact
(514) 939-3989 or (416) 644-2020
jboidman@renmarkfinancial.com
Renmark Financial Communications Inc.
Dan Symons
Investor Relations Contact
(514) 939-3989 or (416) 644-2020
dsymons@renmarkfinancial.com
www.renmarkfinancial.com
NCB Stockbrokers Limited
Christopher Caldwell
London NOMAD Contact
+44 (0) 20 7071 5200
christopher.caldwell@ncb.ie
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