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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 16, 2015) -
Kaminak Gold Corporation (TSX VENTURE:KAM) today announced that pursuant to the terms of the financing announced on September 28th, 2015, Kaminak shareholder, Electrum Strategic Opportunities Fund L.P. ("Electrum") has elected to exercise their right to nominate one person to the Company's board of directors, and in doing so, the Kaminak board has approved and appointed Richard Williams to the board of directors effective immediately.
Mr. Williams brings a wealth of global mining experience gained over his 30+ year career in the mining industry and currently serves as the Vice-President, Engineering and Development of NOVAGOLD RESOURCES INC., where he is responsible for all aspects related to the engineering and technical advancement of the Company's flagship Donlin Gold Project in Alaska and Galore Creek Project in British Columbia. Prior to joining NOVAGOLD, Mr. Williams held numerous positions with Barrick Gold Corporation beginning in the late 80's and was most recently Barrick's Project Director, Pueblo Viejo Project, Dominican Republic. Mr. Williams has a Bachelor of Science (Chemical Engineering) from Trinity University, San Antonio Texas and is a member of AIME, SME and CIM. He is also the co-inventor of three US patents associated with Pressure Oxidation technology.
Eira Thomas, Kaminak President & CEO, commented, "We are delighted to be welcoming Richard Williams to the Kaminak Board of Directors. Richard brings 30+ years of mining experience to our Board, having played key technical and corporate executive roles with Barrick on numerous, large scale mining projects at various stages of development around the world. Moreover, in his current capacity as Vice-President of NOVAGOLD, he brings a wealth of northern project development experience that is relevant to Kaminak as we work to complete the feasibility study and transition towards development at our flagship, Coffee Gold project in Yukon, Canada."
On behalf of the Board of Directors of Kaminak
Eira Thomas, President and CEO
Kaminak Gold Corporation
For further information about Kaminak Gold Corporation or this news release, please visit our website at www.kaminak.com.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact Information:
Kaminak Gold Corporation
Tony Reda
Vice-President of Corporate Development
Toll Free: 1.844.646.4520
Direct: 604.646.4534
info@kaminak.com
