Canamex Welcomes Gold Resource's CEO Jason Reid to its Board of Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 14, 2014) - Canamex Resources Corp. (the "Company") (TSX VENTURE:CSQ)(OTCQX:CNMXF)(FRANKFURT:CX6) is pleased to announce the appointment of Mr. Jason Reid to its Board of Directors. Mr. Reid serves as Gold Resource Corp.'s CEO, President and Director. "Jason has contributed to all aspects of Gold Resource's evolution from explorer to dividend paying precious metal producer, and is a welcome addition to the team as we continue to progress our Bruner Gold Project in Nye County, Nevada," stated Company Chairman and CEO Robert Kramer.
On February 28, 2014 Canamex announced a strategic investment of $2 million from Gold Resource Corp. ("GRC"). GRC is now the Company's largest shareholder, holding 22,222,222 common shares representing over 18 percent of the Company's present issued and outstanding shares. For so long as GRC holds more than 10 percent of Canamex's outstanding shares (on an undiluted basis), GRC has the right to nominate one person to the board.
About Jason Reid
Mr. Jason Reid was appointed Gold Resource Corp.'s CEO October 1, 2013 and also serves as GRC President and as a director. Prior to that Mr. Reid was appointed President of Gold Resource Corp. in July 2010 and also served as Vice President of Corporate Development from January 2008 to July 2010. He was named to the Board of Directors in 2010. Mr. Reid has been with Gold Resource Corp. since it was a private Company and helped take it public in September of 2006 with its self-underwritten "IPO". He was part of a management team that took Gold Resource Corp. from an exploration stage company, to a development stage company, and finally to the gold and silver dividend paying producer that Gold Resource Corp. is today.
About Gold Resource Corporation
Gold Resource Corp. is a gold and silver producer targeting projects that feature low operating costs and high returns on capital. The Company's primary focus is on cash flow, with a priority to return meaningful monthly dividends back to the owners of the Company, its shareholders, and has returned over $95 million as dividends to date. The Company's "Oaxaca Mining Unit" consists of 100% interest in six potential high-grade gold and silver properties in the southern state of Oaxaca, Mexico. The Company currently produces gold, silver, copper, lead and zinc from its high-grade polymetallic, epithermal "Arista" deposit.
ON BEHALF OF THE BOARD
Robert Kramer, Chairman and CEO
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.
