RE : Golden Phoenix
Bei GPX kommt langsam wieder Schwung in die Bude.
Heute zog der Kurs mal wieder an auf US$ 0,18.
Golden Phoenix Begins Phase II of Restructuring Plan
2005-09-02 15:13 ET - News Release
SPARKS, Nev., Sept. 2 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. is pleased to report that the Company has entered Phase II of the Restructuring Plan initiated in December 2004. Phase II entails reconfiguration of the Board of Directors and the addition of engineers, geologists and executives to bring Ashdown into full-scale molybdenum production. Steven D. Craig will step down from his post as Vice President and Chief Geologist in September, and Jeffrey Tissier, a former Director, will return to the Board of Directors in October.
Mr. Craig served Golden Phoenix for the past eight years as Chairman of the Board and Corporate Secretary, Vice President and Chief Geologist. He will resign from his executive positions effective September 13, remaining as Chairman until October 15 to assist in review and selection of additional directors and officers.
"Given the progress at Golden Phoenix, I have elected to step down from my duties so I may attend to personal matters and pursue outside business interests. I feel fortunate to have helped bring the Company to a point where my departure cannot impair its momentum. I am very pleased that Jeff Tissier has agreed to return to the Board, and I will continue to assist the Company through a seamless transition."
Robert Martin, Director of Corporate Development for Golden Phoenix said, "The Interim Governing Board and staff extend the Company`s deepest gratitude to Steve for his many years of service. He guided this Company with dedication and conviction, helping to secure the assets that provide a springboard to its future. He will be missed."
Jeff Tissier served as a Director for Golden Phoenix from June 2004 until January 2005 when he resigned to attend to personal matters. Prior to his departure, Mr. Tissier helped initiate the Restructuring Plan currently in progress, and in October will assume the Board seat to be vacated by Mr. Craig. Presently, Mr. Tissier will advise the Board in its consideration of additional officers and staff.
Jeff Tissier received his B.S. in Exploration Geology and B.S. in Geological Engineering from the University of Nevada, Reno, Mackay School of Mines, and was employed by the minerals industry for 15 years in technical and financial positions. Mr. Tissier also became a licensed CPA and worked for a national public accounting firm where he gained experience in acquisitions and due diligence. Mr. Tissier returned to private industry to specialize in mergers and acquisitions, budgeting, and long range financial planning. This led to participation in the turn-around of a publicly traded mining company and further experience rebuilding companies. Mr. Tissier currently serves as Chief Financial Officer for a regional water authority.
Jeff Tissier remarked, "I look forward to returning to Golden Phoenix as an outside director during what I consider the most exciting phase of its recovery. Several years ago I was privileged to assist a mining company through a similar process. Steve Craig has brought valued assets to the Company and I wish him good fortune in all his endeavors. I am pleased to join with the fine staff at Golden Phoenix to help guide its transformation and growth."
Golden Phoenix Minerals, Inc. is a Nevada-based mining company committed to deliver value to its shareholders by acquiring, developing and mining superior precious and strategic metal deposits in the western United States using competitive business practices balanced by principles of ethical stewardship.
SOM
