Emperor Minerals Ltd. Announces the appointment of Mr. Andrew McCarthy as President and Chief Executive Officer
Vancouver, B.C., April 13, 2012 - Emperor Minerals Ltd. ("Emperor" or the "Company") is pleased to announce the appointment of Mr. Andrew McCarthy, B.Sc., MBA, as the Company's President and Chief Executive Officer.
Mr. McCarthy has also been appointed to the Company's Board of Directors. In connection with Mr. McCarthy's appointment, Mr. Brian Gracey has resigned his position as President and Chief Executive Officer, Mr. William Diston has resigned as a director of the Company and Mr. Sammy Cheng has resigned as the Company's Chief Financial Officer. Mr. Gracey has been appointed as the Company's Chief Financial Officer and will continue to serve as a director of the Company.
Mr. McCarthy has over 20 years of experience in permitting, regulatory and international trade matters pertaining to mining, oil and gas, exploration and development projects. He is a successful entrepreneur who has played a pivotal role in advancing several public and private companies from conception to operational status. Mr. McCarthy most recently held the title of President and Chief Executive Officer with West Cirque Resources Ltd., a company which Mr. McCarthy helped grow from a Capital Pool Corporation (CPC) to an advanced stage exploration company with an exceptional portfolio of mineral properties in British Columbia and Nevada.
Mr. McCarthy holds a Masters in Business Administration (MBA) from Saint Mary's University, Halifax, Nova Scotia and a Bachelor of Science (B.Sc.) from Memorial University, Newfoundland.
The Company is currently considering its Turkey oil and gas farm-in interest including various financing options to fund its obligations in connection therewith. In addition, the Company is evaluating various additional projects in Turkey, the Middle East and North Africa to advance its portfolio of oil and gas projects. Further news will be released when information is available.
ON BEHALF OF THE BOARD
“Andrew McCarthy”
Andrew McCarthy President and Chief Executive Officer
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Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Emperor’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.