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22.03.2010
Hana Mining Announces New Advisory Board Member
Hana Mining Announces New Advisory Board Member
March 19, 2010 (Vancouver, British Columbia). Hana Mining Ltd., (“HMG” or the “Company”) - (TSX-V: HMG) (Frankfurt: 4LH) is pleased to announce the appointment of David Kong to the Advisory Board of the Company, effective immediately.
Mr. Kong was born in Malaysia where he completed his high school education. He earned his Bachelor degree in Business Administration in Taiwan and spent two years working in Singapore for South East Asia Iron & Steel Institute, a United Nations sponsored organization.
David immigrated to Canada in the early 1970’s where he studied marketing in the University of British Columbia’s MBA program. Mr. Kong then earned his Chartered Accountant designation in British Columbia and was a partner of Ellis Foster Chartered Accountants, the largest independent accounting firm in British Columbia, between 1981 and 2004. Ellis Foster merged with Ernst & Young LLP in 2005 and retained David as a partner of Ernst & Young LLP from 2005 to 2010 where he led its Chinese market practice in Canada and focused on servicing Canadian public companies doing business in China and Chinese public companies listed on the North American stock exchanges.
The Company further announces that it has granted Incentive Stock Options (the “Options”) to purchase up to 100,000 common shares of the Company to a consultant of the Company. The Options are exercisable at $1.84 per share and will expire on March 18, 2015. All securities issued upon exercise of the Options are subject to a hold period expiring four (4) months after the date of grant. The subject Options will vest quarterly over 24 months, in 8 equal tranches with the first tranche commencing June 15, 2010. The Options are subject to the terms and conditions of the Company’s Stock Option Plan.
Hana Mining’s CEO, Marek Kreczmer, commented as follows:
“I am pleased to welcome David to the Company. He has a wealth of business and regulatory experience that will be invaluable as the Company moves to the next stage of development.”
About Hana Mining’s Ghanzi Copper-Silver Project in Botswana
The Ghanzi Project is located in the center of the Kalahari copper belt in northwestern Botswana. The Ghanzi property covers 2,169 sq. km., and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 33.4 kilometres. This favourable geology extends over the entire strike length of 600 kilometres Hana Mining released results of it’s first NI 43-101 resource estimate for the Ghanzi Project in June 2009, announcing an inferred resource of 2.0 billion lb of copper and 34.9 million oz of silver from 60.4 million tonnes. This resource estimate is based on a 0.75% Cu cutoff grade, and averages 1.51% Cu and 17.98 g/t Ag. The Banana Zone represents 40.7 million tonnes of this total resource (67%), has been the focus of the Company’s drilling and development efforts for 2009, and will remain the primary focus for 2010.
Hana Mining is focused on demonstrating that the Ghanzi property represents one of Africa’s premier future copper-silver resources.
For Further Information, contact:
Marek Kreczmer
CEO
Hana Mining Ltd.
Tel: (604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
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March 19, 2010 (Vancouver, British Columbia). Hana Mining Ltd., (“HMG” or the “Company”) - (TSX-V: HMG) (Frankfurt: 4LH) is pleased to announce the appointment of David Kong to the Advisory Board of the Company, effective immediately.
Mr. Kong was born in Malaysia where he completed his high school education. He earned his Bachelor degree in Business Administration in Taiwan and spent two years working in Singapore for South East Asia Iron & Steel Institute, a United Nations sponsored organization.
David immigrated to Canada in the early 1970’s where he studied marketing in the University of British Columbia’s MBA program. Mr. Kong then earned his Chartered Accountant designation in British Columbia and was a partner of Ellis Foster Chartered Accountants, the largest independent accounting firm in British Columbia, between 1981 and 2004. Ellis Foster merged with Ernst & Young LLP in 2005 and retained David as a partner of Ernst & Young LLP from 2005 to 2010 where he led its Chinese market practice in Canada and focused on servicing Canadian public companies doing business in China and Chinese public companies listed on the North American stock exchanges.
The Company further announces that it has granted Incentive Stock Options (the “Options”) to purchase up to 100,000 common shares of the Company to a consultant of the Company. The Options are exercisable at $1.84 per share and will expire on March 18, 2015. All securities issued upon exercise of the Options are subject to a hold period expiring four (4) months after the date of grant. The subject Options will vest quarterly over 24 months, in 8 equal tranches with the first tranche commencing June 15, 2010. The Options are subject to the terms and conditions of the Company’s Stock Option Plan.
Hana Mining’s CEO, Marek Kreczmer, commented as follows:
“I am pleased to welcome David to the Company. He has a wealth of business and regulatory experience that will be invaluable as the Company moves to the next stage of development.”
About Hana Mining’s Ghanzi Copper-Silver Project in Botswana
The Ghanzi Project is located in the center of the Kalahari copper belt in northwestern Botswana. The Ghanzi property covers 2,169 sq. km., and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 33.4 kilometres. This favourable geology extends over the entire strike length of 600 kilometres Hana Mining released results of it’s first NI 43-101 resource estimate for the Ghanzi Project in June 2009, announcing an inferred resource of 2.0 billion lb of copper and 34.9 million oz of silver from 60.4 million tonnes. This resource estimate is based on a 0.75% Cu cutoff grade, and averages 1.51% Cu and 17.98 g/t Ag. The Banana Zone represents 40.7 million tonnes of this total resource (67%), has been the focus of the Company’s drilling and development efforts for 2009, and will remain the primary focus for 2010.
Hana Mining is focused on demonstrating that the Ghanzi property represents one of Africa’s premier future copper-silver resources.
For Further Information, contact:
Marek Kreczmer
CEO
Hana Mining Ltd.
Tel: (604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA4096391012">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA4096391012</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.