Rusoro Announces Management Change
03 Février 2010 - 2:00PM
Marketwired
Rusoro Mining Ltd. ("Rusoro" or the "Company") (TSX VENTURE: RML)
reports that Interim Chief Financial Officer Gary Warnecke will be
stepping down and that the Company will immediately promote current
Vice President of Finance, Matias Herrero, to the position of Chief
Financial Officer as part of an organized and planned transition.
As the Vice President of Finance over the last two years Mr.
Herrero has played a significant role in the implementation of the
overall accounting policies of the Company as Rusoro transitioned
to a gold producer and has overseen all of Rusoro's finance related
matters in Canada and Venezuela since early 2008. Mr. Warnecke will
continue to provide ongoing support to the Finance team and will
remain as a consultant with Rusoro until April 30, 2010.
Before joining Rusoro as a Vice President of Finance in 2008,
Mr. Herrero served as the Chief Financial Officer for TSX.V listed
Helio Resource Corp., Corporate Controller for TSX listed Pacific
Rubiales Energy Corp. and as audit manager with
PricewaterhouseCoopers ("PwC") in Vancouver. At PwC he developed a
strong financial background in the mining industry working in PwC's
mining division specifically with Canadian mining companies
operating in Latin America. Mr. Herrero is a US CPA, fluent in
Spanish and English and his very strong compliance and financial
reporting background together with his hands on experience and
intimate knowledge of the Company will ensure a smooth transition
and bode well for Rusoro's Venezuelan and Canadian Finance
departments moving forward.
On behalf of the board, I would like to thank Mr. Warnecke for
leading Rusoro's Finance team over the last two years and the
Company wishes him well in his future endeavors.
ON BEHALF OF THE BOARD OF RUSORO MINING LTD.
George Salamis, President
Cautionary Note Regarding Forward-Looking Statements
Except for the statements of historical fact contained herein,
the information presented constitutes "forward looking statements".
Such forward-looking statements, including but not limited to those
with respect to the closing of the offering, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Rusoro to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among other risks, risks related
to the closing of the offering, as well as those factors discussed
in the section entitled "Risk Factors" in Rusoro's Annual
Information Form dated December 12, 2008 as filed on SEDAR.
Although Rusoro has attempted to identify important factors that
could cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this
press release, which has been prepared by management.
Contacts: Rusoro Mining Ltd. George Salamis President
604-632-4044 or Toll Free: 1-800-668-0091 604-682-1514 (FAX)
info@rusoro.com www.rusoro.com
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