News release addition to management
FOR: ETRUSCAN ENTERPRISES LTD
TSE, VSE SYMBOL: EET
MAY 22, 1997
Etruscan Enterprises Ltd. - Vice President Appointed
DARMOUTH, NOVA SCOTIA--Etruscan Enterprises Ltd. announced today
that Mr. Anthony G. B. Hayes BSc, DIA, CFA has joined the company
as Vice President. Mr. Hayes brings to Etruscan over 30 years of
experience in the investment industry. Mr. Hayes was born in
Aberdeen, Scotland and educated in England. He holds degrees in
biochemistry and business and is a Chartered Financial Analyst.
Mr. Hayes gained prominence as a mining analyst in Toronto in the
1970's and early 1980's and thereafter worked as an analyst and
research manager with New York, London and Australian securities
firms covering the world mining industry. Mr. Hayes returned to
Toronto in 1991 where he has since worked as a mining analyst,
money manager and underwriter, establishing himself as a well
known figure in the industry and has been a frequent guest mining
commentator on CBC's Business World.
The Management of Etruscan view Mr. Hayes' appointment as an
important event in the company's progression to becoming a
significant participant in the world gold mining industry. Mr.
Hayes will be involved in strategic planning and investor
relations with Etruscan, two functions for which his extensive
experience and contacts in the investment industry should serve
him well.
Etruscan Enterprises Ltd. is involved in the acquisition,
exploration and development of mineral properties in North America
and West Africa. Etruscan is presently exploring 3 exploration
permits (Tiawa, Kossa and Koma Bangou) in Niger, West Africa from
which it has discovered in excess of 2 million ounces of gold to
date. The common shares of Etruscan are traded on The Stock
Exchange and the Vancouver Stock Exchange under the symbol "EET".
Etruscan is 7.2 percent (2,006,834 shares) beneficially owned by
NovaGold Resources Inc. which is listed on The Toronto Stock
Exchange under the symbol "NRI" and 15.0 percent (4,175,275) by
Placer Dome Inc.
More extensive information of Etruscan can be found on our home
page at etruscan.com
ON BEHALF OF THE BOARD OF DIRECTORS OF ETRUSCAN ENTERPRISES LTD.
Angus G. MacIsaac, Secretary Treasurer
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Etruscan Enterprises Ltd. - Dartmouth, Nova Scotia
Angus G. MacIssac
(902) 468-9270
or
Etruscan Enterprises Ltd. - Geneva, Switzerland
Pierre Besuchet
(22) 732 53 55
or
Etruscan Enterprises Ltd. - Toronto, Ontario
William Young
(416) 368-0882 |
