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01.04.2011
Andover Hires General Manager for Sun Project, Alaska
Andover Hires General Manager for Sun Project, Alaska
March 31, 2011, Vancouver, B.C. - Andover Ventures Inc. (“Andover” or the “Company”) (AOX-TSX: V) (AOVTF-United States) (R2X-Frankfurt Exchange) is pleased to announce that Bradley C. Peek., B.Sc., Geology, M.Sc., Geology, has joined the Company’s management team as General Manager for the SUN project in Alaska. Mr. Peek will report to the Company’s COO, Larry Segerstrom.
Mr. Peek has extensive industry experience with multiple mining companies since his graduation with a B.Sc., Geology from the University of Nebraska followed by his M.Sc., Geology from the University of Alaska. Mr. Peek has also completed a Hazardous Waste Management program at Colorado School of Mines.
Mr. Peek’s 35 years work experience includes employment with Cominco American Inc, Houston Oil and Minerals/ Tenneco Minerals and Crown Resources among others.
Mr. Peek also has extensive water systems experience from his tenure with Zancanella and Associates, Inc. This experience includes the design and operation of water systems and State and County permitting for new systems. This background will be valuable to Andover in Utah as the Burgin Project in the East Tintic Mining District progresses.
Dr. Stewart Jackson, an Andover Board member comments, “having worked with Mr. Peek at Cominco and Houston Oil and Minerals, and Crown Resource Corporation we are most fortunate to have him join our management team as General Manager for the SUN project.
Andover has granted to Mr. Peek 100,000 shares of stock options exercisable at .80 cents per share for a period of 5 years. These options vest over a 4 year period with 25% vesting each year on the anniversary date of the stock option agreement.
Andover also wishes to announce that Gold Finder Inc., formerly SNS Silver Corp., has elected to increase their share holding in the Company rather than settling all outstanding obligations between the parties for cash. Andover will issue to Gold Finder Inc., 200,000 common shares of corporate stock valued at .70 cents per share.
The transaction is subject to the approval of all requisite regulatory agencies.
About Andover:
Andover Ventures is a precious and base metal exploration and development company, headquartered in Vancouver, British Columbia, Canada. Andover Ventures holdings are located in the historic East Tintic Mining District, Utah, USA, and the polymetallic rich Ambler Mining District, located in Alaska, USA.
For further information we invite you to visit us at www.andoverventures.com
ON BEHALF OF THE BOARD
Signed “Gordon Blankstein”
CEO and Chairman
CONTACT INFORMATION:
Investor Relations:
Richard Martens
Telephone: 1-604-682-2168
Int'l Toll Free: 1-800-266-4484
Suite 890-999 West Hastings St
Vancouver, BC V6C-2W6
Neither 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
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March 31, 2011, Vancouver, B.C. - Andover Ventures Inc. (“Andover” or the “Company”) (AOX-TSX: V) (AOVTF-United States) (R2X-Frankfurt Exchange) is pleased to announce that Bradley C. Peek., B.Sc., Geology, M.Sc., Geology, has joined the Company’s management team as General Manager for the SUN project in Alaska. Mr. Peek will report to the Company’s COO, Larry Segerstrom.
Mr. Peek has extensive industry experience with multiple mining companies since his graduation with a B.Sc., Geology from the University of Nebraska followed by his M.Sc., Geology from the University of Alaska. Mr. Peek has also completed a Hazardous Waste Management program at Colorado School of Mines.
Mr. Peek’s 35 years work experience includes employment with Cominco American Inc, Houston Oil and Minerals/ Tenneco Minerals and Crown Resources among others.
Mr. Peek also has extensive water systems experience from his tenure with Zancanella and Associates, Inc. This experience includes the design and operation of water systems and State and County permitting for new systems. This background will be valuable to Andover in Utah as the Burgin Project in the East Tintic Mining District progresses.
Dr. Stewart Jackson, an Andover Board member comments, “having worked with Mr. Peek at Cominco and Houston Oil and Minerals, and Crown Resource Corporation we are most fortunate to have him join our management team as General Manager for the SUN project.
Andover has granted to Mr. Peek 100,000 shares of stock options exercisable at .80 cents per share for a period of 5 years. These options vest over a 4 year period with 25% vesting each year on the anniversary date of the stock option agreement.
Andover also wishes to announce that Gold Finder Inc., formerly SNS Silver Corp., has elected to increase their share holding in the Company rather than settling all outstanding obligations between the parties for cash. Andover will issue to Gold Finder Inc., 200,000 common shares of corporate stock valued at .70 cents per share.
The transaction is subject to the approval of all requisite regulatory agencies.
About Andover:
Andover Ventures is a precious and base metal exploration and development company, headquartered in Vancouver, British Columbia, Canada. Andover Ventures holdings are located in the historic East Tintic Mining District, Utah, USA, and the polymetallic rich Ambler Mining District, located in Alaska, USA.
For further information we invite you to visit us at www.andoverventures.com
ON BEHALF OF THE BOARD
Signed “Gordon Blankstein”
CEO and Chairman
CONTACT INFORMATION:
Investor Relations:
Richard Martens
Telephone: 1-604-682-2168
Int'l Toll Free: 1-800-266-4484
Suite 890-999 West Hastings St
Vancouver, BC V6C-2W6
Neither 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
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA0343881086">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA0343881086</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.