California Gold Mining Announces Management Changesadmin
California Gold Mining Announces Management Changes
Toronto, Ontario CANADA, April 07, 2014 /FSC/ – California Gold Mining Inc. (CGM – TSX Venture), (“California Gold” or the “Company”) announced today that, Company Founder, Michael Churchill will no longer be involved in the day-to-day activities of the Company and accordingly will no longer serve in the role of President. Mr. Churchill will remain as a Director of the Company, and will continue to be retained by the Company to provide consulting services. Patrick J. Cronin, Interim Chief Executive Officer, will also assume the role of Interim President. In addition to interim responsibility for day-to-day operations, Mr. Cronin’s priority will be in recruiting new executive management in connection with the continued pursuit of the development of its Fremont Property.
The Board would like to take this opportunity to sincerely thank Mr. Churchill for his key role in identifying and financing the Fremont Project and his dedication throughout his years as President of the Company.
Michael Churchill commented, “as the project evolves, so too must management and I am confident that Interim Chief Executive Officer, Pat Cronin is a logical choice to execute on that mandate.”
About California Gold Mining Inc.
California Gold Mining Inc. (formerly Upper Canada Gold Corp. TSX-V:UCC) is focused on developing its flagship Fremont gold project in Mariposa County, California. The project consists of a land package totaling 3,351 acres of historically producing gold mines. The Fremont Property lies within California’s prolific Mother Lode Gold Belt that has produced over 50 million oz of gold historically. The Company purchased the property in March 2013.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of California Gold contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause California Gold’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements in this document include statements regarding future roles of consultants and management of the Company. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward looking statements. Any factor could cause actual results to differ materially from California Gold’s expectations. California Gold undertakes no obligation to update these forward looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, unless otherwise required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Interim President and C.E.O.
To view this press release as a PDF file, click onto the following link:
Source: California Gold Mining Inc. (TSX-V: CGM) http://www.caligold.ca
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Posted: April 7th, 2014 under FSCWIRE.