Wits Basin Precious Minerals Announces Appointment of a New Board Member
MINNEAPOLIS--(BUSINESS WIRE)--Sept. 4, 2003--Wits Basin Precious Minerals Inc., f/k/a Active IQ Technologies, Inc. (WITM - news) is pleased to announce the appointment of Mr. Norman Lowenthal of Johannesburg, South Africa as a member of the Board of Directors of the Company.
Mr. Lowenthal, a South African businessman, is currently a Vice-Chairman of the Taylor Companies, a leading private bank located in Washington, D.C., and Chairman of SSC Mandarin Financial Services based in Hong Kong. Mandarin Financial Services acts in an advisory capacity to a wide range of companies in China, including the China Gold Bureau, a State run association of the gold mines in China. He is also a financial adviser to several large private companies with business interests in South Africa and Belgium who are very actively invested in countries such as Mozambique, Angola and the Democratic Republic of the Congo.
Mr. Lowenthal was Chairman of the Johannesburg Stock Exchange from 1997 to 2000 and currently sits as a member of the Securities Regulation Panel of South Africa. He was chairman of several public gold and diamond mining companies during the 1990's and has been actively involved in the diamond industry since 1960 assisting in the discovery of several major diamond finds in South Africa.
The Company is most pleased to have an individual of Mr. Lowenthal's expertise sit on the Board of Directors and represent to Company's interests in South Africa.
About Wits Basin Precious Minerals Inc.
Wits Basin (WITM - news) is actively participating in a joint venture for the exploration of gold minerals in the Republic of South Africa. Wits Basin is headquartered in Minneapolis, MN.
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