TORONTO,
March 12, 2013 /CNW/ - Patagonia
Gold Plc (TSX: PAT, AIM: PGD) today announced the resignation
of Philip Yee as Chief Financial
Officer for the Company. Mr. Yee will leave the Company on
May 27, 2013 to assume a new position
as Vice President and Chief Financial Officer with a mining company
in Canada. Gonzalo Tanoira, the Financial Director of
Patagonia Gold, will assume the role of Chief Financial
Officer.
"Phil Yee successfully guided us
on to the Toronto Stock Exchange in 2011, and greatly assisted the
Company during the transition from a developer to a producer," said
Bill Humphries, Patagonia Gold's
CEO. "The Board would like to thank Mr. Yee for his contribution to
the Company, and wishes him well for the future."
About Patagonia Gold
Patagonia Gold Plc is a mining company that
seeks to grow shareholder value through exploration, development
and production of gold and silver projects in the southern
Patagonia region of Argentina. The
Company is primarily focused on three projects: the flagship
Cap-Oeste project, the nearby COSE project and the Lomada heap
leach project, which is generating free cash flow. 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 AIM market of
the London Stock Exchange under the symbol PGD and on the Toronto
Stock Exchange (TSX) under the symbol PAT.
SOURCE Patagonia Gold plc