Alphamin Announces Management Changes/Grant of Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 4, 2014) - Alphamin Resources Corp. (TSX VENTURE:AFM) ("Alphamin" or the "Company") announced today certain changes to the directors and officers of the Company.
Mr. Bruce Curling has assumed the CEO role on a permanent basis following a transitional period in which he was assisted by Interim CEO, Brendon Jones. Mr. Jones is relinquishing his transitional CEO duties but will continue to serve as a non executive director of the Company. Subject to regulatory approval, the Company has granted stock options under its stock option plan to Mr. Curling to acquire 2,271,789 common shares at a price of C$0.225 per share until December 2nd 2019, with 15% of the options vesting after one year, a further 35% after 2 years and the final 50% after 3 years.
In addition, Mr. Mark Gasson is stepping down as a director of Alphamin to focus on other business activities but will continue to provide consulting services to the Company. The board of directors wishes to thank Mr. Gasson for his valuable contribution to the Company as a director. Mr. Curling has been appointed to the Alphamin board to fill the vacancy created by Mr. Gasson's resignation.
Further, subject to regulatory approval, Mrs. Zain Madarun has been appointed as corporate secretary of Alphamin. Mrs Madarun is a Fellow Member of the Association of Chartered Certified Accountant, and a member of the Mauritius Institute of Professional Accountants and the Mauritius Institute of Directors. She is currently a Senior Client Service Manager at Maitland (Mauritius) Limited and prior to joining the Maitland Group, she was the Team Leader in the Fund Administration department of Cim Fund Services, one of the largest management companies in Mauritius. Mrs. Madarun replaces Mr. Ross Doyle in this position who continues in his role as CFO of Alphamin.
ON BEHALF OF THE BOARD OF DIRECTORS
Bruce Curling
CEO
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