Luna appoints new President & CEO
30 Junio 2004 - 3:32PM
PR Newswire (US)
Luna appoints new President & CEO VANCOUVER, June 30
/PRNewswire-FirstCall/ -- Luna Gold Corp. (TSXV-LGC.U) ("Luna") is
pleased to announce that Mr. Tim Searcy has been appointed
President and Chief Executive Officer of the Company. Mr. Searcy
holds an M.Sc. in Geology and an M.B.A., both from the University
of Toronto. Prior to joining Luna, Tim worked in the corporate
offices of Placer Dome where he held positions in Treasury, and
more recently Corporate Development (M&A). Before obtaining his
M.B.A. and joining Placer, Tim worked as an Exploration Geologist
in Canada and Asia. As an Exploration Geologist Tim worked with
Falconbridge and BHP, as well as a number of junior companies.
"Tim's knowledge of the mineral exploration and precious metals
industries combined with his business background makes him ideal
for executing Luna's strategy", said David De Witt former President
and current director. As noted in Luna's press release on May 18th,
Mr. Kit Lee has agreed to join the Board of Directors of Luna. Mr.
Lee, employed with Placer Dome Inc. from 1970 to 1987, worked as a
Senior Geologist in charge of project generation in South East
Asia, and has extensive experience in China. In 1987, Kit joined
Niugini Mining Ltd. and began a successful tenure as Exploration
Manager Asia and Manager Ore Reserves. From 1994 to 2000, Kit was
the President of Zen International Resources Ltd., which he founded
with a mandate to investigate mining opportunities in China. While
with Zen, Kit identified a package of very attractive gold and
copper projects in China. Zen obtained full governmental approvals
for the first Sino-Foreign Joint Venture for the Zijinshan gold
copper project located in the Fujian Province. Luna is also pleased
to announce the appointment of Mr. Paul Visosky as Corporate
Secretary. Mr. Visosky was educated at the University of Western
Ontario in London, Ontario, where he received his M.B.A. and LL.B.
in 1982. Paul is a partner with DuMoulin Black, a Vancouver
securities law firm, where he practices corporate and securities
law. Paul has served as a director and officer of a number of
companies listed on the TSX Venture Exchange and is a current
member of the Exchange's Local Advisory Committee. Luna has also
pursuant to its Stock Option Plan granted to certain eligible
participants options to purchase a total of 160,000 common shares
at a price of US$0.30 per share, exercisable on or before June 30,
2009. Any securities issued on exercise thereof will be subject to
a four month hold period expiring October 31, 2004. After this
stock option grant, a total of 1,069,556 options will remain
available for exercise pursuant to the Stock Option Plan, which was
approved by Shareholders at the Company's last Annual General
Meeting held June 28, 2004. About Luna Gold Corp. Luna Gold Corp.
is a mineral exploration company engaged in the acquisition,
exploration, and development of mineral properties, with a focus on
precious metals in China. Luna Gold has a well-qualified team which
has extensive experience in China and has experience with
start-ups, acquisitions, reorganizations, exploration, development,
financing, construction, and mine operations. Our corporate
strategy is to acquire prospective gold exploration and development
properties and efficiently evaluate each project in order to build
a portfolio of high quality assets. Our goal is to maximize
shareholder value by rigorously following our strategy. For further
information contact: Tim Searcy, (604) 687-9931 (extension 225) On
behalf of the Board of Directors LUNA GOLD CORP. "David De Witt"
David E De Witt - Director Website: http://www.lunagold.com/ For
further information contact Investor Relations (604) 689-7317 The
TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents herein.
DATASOURCE: Luna Gold Corp. CONTACT: Tim Searcy, (604) 687-9931
(extension 225); Investor Relations: (604) 689-7317
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