Arehada Announces Management Changes
Arehada Mining Limited announced the resignations of Messrs. Jack Duffy and Peter Dimmell as directors of the Company. The resignations took effect immediately.
Subject to approval of the Toronto Stock Exchange, the Company has appointed two new independent directors, Messrs. Peter J. M. Hooper and Samuel R. Baker. Mr. Hooper is a senior mining executive with broad-based experience in production, engineering, reorganization and training, contracting, exploration and corporate affairs, and his responsibilities have ranged from general manager to president, directing companies or projects in the international arena with investment capital or market capitalization of $20 million to $300 million. Mr. Samuel R. Baker Q.C. is an international corporate/commercial lawyer with broad experience providing legal and business advice to multi-national corporations and ventures from a wide range of jurisdictions including China. As such, he has served on the boards of directors of the Canadian subsidiaries and affiliates of many such corporations; for instance, Canada Minmetals Ltd., a wholly owned subsidiary of China National Metals and Minerals Import & Export Corporation. A partner of the international law firm Baker & McKenzie for more than twenty years, he continues to practice law independently under the name Baker Law Firm.
Mr. Steve Fan Wang has been appointed as chairman of the board.
Arehada Mining Limited is engaged in the exploration, development, extraction and production of zinc, lead and silver in Dongwuzhumuqinqi, located in Inner Mongolia, China. Arehada produces zinc and lead concentrates, which are then sold to smelters in China.
Arehada has completed construction of a zinc processing plant which is currently producing zinc calcine and sulphuric acid.
