Galane Gold Ltd. Announce New General Manager, Operations
December 12, 2011
TORONTO, Dec. 12, 2011 /CNW/ - Galane Gold Ltd. ("Galane Gold" or the "Company") (TSX VENTURE:GG) is pleased to announce that Mr. Lawrence Manjengwa has joined the Company as General Manager of its gold mining operations in Botswana.
Mr. Manjengwa is an engineer with 15 years of experience in open cut and underground mining of gold, base metals, platinum and ferrochrome across a diversified spectrum of countries and cultures. Mr. Manjengwa was previously the Mining Director of Nordgold in Guinea, Mine Manager of National Mining Company in Oman, Production Manager of Anglo Base Metals' Skorpionzinc Mine in Namibia, Senior Mining Engineer of Zimplats in Zimbabwe and Mine Manager of Maranatha Ferrochrome in Zimbabwe. Mr. Manjengwa holds a B.Sc.(Hons)Eng and is Member of AusIMM.
Galane Gold CEO Philip Condon said "The General Manager role for the Mupane operations is an important post that has a specific set of challenges somewhat unique in the operating context. Lawrence brings a combination of skills and experience to the company that are an excellent fit with the requirements and we are confident that he will be successful in this challenging role."
The Company also announces the grant of stock options to Mr. Manjengwa. Options to purchase up to 450,000 common shares were granted. The options vest over a period of 3 years and carry a five year term and an exercise price of $0.80 per share.
About Galane Gold Ltd.
Galane Gold Ltd. is an un-hedged gold producer and explorer with mining operations and exploration tenements in the Republic of Botswana ("Botswana"). Galane Gold is a public company and its shares are quoted on the TSX Venture exchange under the symbol GG. Galane Gold's management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the stated use of proceeds; plan of operations and comparative advantages; and benefits of this investment. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, regulatory risks, risks inherent in foreign operations, commodity prices, competition, and investments having no history of operations. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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