TORONTO,
Jan. 10, 2013 /CNW/ - Patagonia
Gold Plc (TSX: PAT, AIM: PGD) today announced the retirement of
Sir John Craven as Chairman of the
Board and as a non-executive director of the Company. He has
been succeeded as Chairman by Carlos
Miguens, the Deputy Chairman.
It is intended that additional appointments will
be made to the Board over the coming months and further
announcements will be made as appropriate.
Commenting on this announcement, Mr. Miguens said:
"On behalf of the Board, my family and
myself, I would like to express my sincerest appreciation for Sir
John Craven's contribution to
Patagonia Gold as Chairman. We are deeply grateful for his
valuable support and guidance throughout these past years, he was
key to building the company we have today. Sir John became a
close friend and advisor throughout this time and we will miss his
presence. I wish him all the best in his future personal and
professional endeavours."
About Patagonia Gold
Patagonia Gold Plc is an advanced mining
exploration company that seeks to grow shareholder value through
the acquisition, exploration and development of gold and silver
projects in the southern Patagonia region of Argentina. The Company is primarily focused on
the development of three projects: the flagship Cap-Oeste project,
the nearby COSE project and the Lomada heap leach project, which is
expected to begin generating free cash flow by 2013. Patagonia
Gold, indirectly through its subsidiaries or under option
agreements, has mineral rights to over 220 properties in several
provinces of Argentina and
Chile, and is one of the largest
landholders in the province of Santa
Cruz.
Patagonia Gold is listed on the Toronto Stock
Exchange (TSX) under the symbol PAT and has been listed on the AIM
market of the London Stock Exchange under the symbol PGD since
2003.
www.patagoniagold.com
SOURCE Patagonia Gold plc