Source Exploration (SOP-V) has appointed David Baker and Earl Terris to the board of directors of the company, effective immediately. Mr. Baker will also assume the role of executive chairman while Mr. Terris will be a member of the audit committee.
Mr. Baker has over 25 years of experience in the financial industry, with particular expertise in managing and financing junior mining companies. His experience includes strategic planning, corporate structuring and reorganization, sourcing and structuring public and private financings, due diligence reviews, and mergers and acquisitions.
Most recently, from 2003 through March, 2012, Mr. Baker was the president and chief executive officer of Goldbrook Ventures Ltd., building the company from a grassroots exploration start-up in the Raglan district of Quebec. Through years of successful exploration, a joint venture and joint acquisition of a neighbouring exploration company, Mr. Baker managed and grew Goldbrook Ventures until it was ultimately sold in 2012 to its Chinese joint venture partners for approximately $100-million.
Mr. Baker commented: "I am very pleased to join the Source team as executive chairman along with Earl. We look forward to working with Source's team to execute our plan for near-term drilling on recently identified targets at the Las Minas project and guide the company through a quick turnaround."
Mr. Terris had an extensive career in sales, marketing and general management in the food and beverage industry, before joining Mr. Baker as a Goldbrook director in 2003, serving as an independent director and member of the audit committee until the sale of the company in 2012. He is currently an independent director, and member of the audit committee of both Inlet Resources and Resolve Ventures.
Gorden Glenn, current chairman, commented: "On behalf of the board, we are pleased to welcome David and Earl to the board of directors. Their extensive backgrounds in mining exploration and corporate development, as well as in-depth knowledge of capital markets, enhance Source's ability to advance the Las Minas project."
The company also announces that Mr. Glenn has resigned as chairman of the board and will remain on the board as an independent director.
Nov 13, 2013 - News Release |
