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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Martin Wormser who wrote (7628)5/23/2000 11:44:00 AM
From: Famularo   of 7966
 
Mr. David Robertson reports
Robert T. Boyd has been appointed as the corporation's new president and chief executive officer. Mr. Boyd's appointment will be effective June 1, 2000, at which time he will also become a director of the corporation.
A mining executive with more than 25 years of experience in exploration, executive-level management and corporate finance, Mr. Boyd comes to Ashton from Geographe, International MFS Inc., a financial advisory firm where he was a founding principal and major shareholder. Prior to Geographe, Mr. Boyd was vice-president of exploration for Homestake Canada Limited where he was responsible for Homestake's Canadian exploration, financial and administrative group. Mr. Boyd will lead Ashton's continuing exploration, financing and acquisition efforts as its highly experienced staff pursues an extensive program of growth through strategic partnerships and exploration for diamonds in North America.
Mr. Boyd commented: "I am excited and enthusiastic about leading the next stage of growth for Ashton. The recently announced rights offering will provide me with the rare opportunity of overseeing a well financed company that has a major shareholder prepared to support our continued development."
Mr. Boyd replaces John S. Auston, who earlier announced his retirement effective May 31, 2000. The board of directors commands Mr. Auston for his four years with Ashton, in which be made a considerable contribution to the corporation through his leadership and vision.
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