Alacer Gold (ASR-T) Sept 18, '14 after the market closed, Alacer said it had been approached by multiple third parties regarding a potential corporate transaction, but it has no intention of pursuing one for now.
Sept 18, '14 - NR
Alacer Gold Corp. acknowledges that it has been approached by third parties on a preliminary basis regarding potential corporate transactions, and the corporation is not currently involved in any third party discussions. Although approached from time to time by third parties, the corporation has no current intention of pursuing any corporate transaction. The corporation does not intend to comment further upon any potential corporate transaction unless and until it deems further disclosure is appropriate or required.
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Earlier this week, Alacer appointed two new directors, Alan Krusi and Anna Kolonchina. Mr. Krusi is also on the board of an American solar-power provider, Blue Earth Inc. (BBLU), and Ms. Kolonchina is a director of Russia's largest gold miner, Polyus Gold (PGLIF). Polyus has six operating gold mines in Russia. Alacer has one, Copler, in Turkey. There, the company is hoping to increase production with a $600-million expansion and it has raised about half of that so far. It needs to hurry, as grades at Copler have been decreasing rapidly. The mine produced 370,000 ounces of gold in 2013, but Alacer targets only 180,000 ounces of gold this year. The stock has fallen from $12 in early 2012.
Sept 15, '14 - NR
Two new independent directors, Anna Kolonchina and Alan Krusi, have been appointed to Alacer Gold Corp.'s board of directors, effective today. "On behalf of the board and the corporation, I'd like to welcome Ms. Kolonchina and Mr. Krusi to Alacer. Ms. Kolonchina's wealth of experience in private equity, governance and financial markets, specifically in emerging countries, and Mr. Krusi's extensive project and risk management experience will add significant value to the proficiency of the existing board," commented Edward Dowling, chairman of Alacer's board of directors.
Ms. Kolonchina has a degree in economics from the Moscow State Financial Academy and has over 15 years of experience in investment banking. Ms. Kolonchina gained considerable experience in global financial markets while working for Deutsche Bank AG for 12 years in both the Moscow and London offices. While at Deutsche Bank, Ms. Kolonchina was the director of the EMEA Debt Capital Markets department within global markets. Ms. Kolonchina has also built her knowledge of the international gold mining industry while serving as a non-executive director of OJSC Polyus Gold since 2010 and as a non-executive director of Polyus Gold International Ltd. since July, 2011. At the same time, Ms. Kolonchina also served as a non-executive director on the Uralkali Open Joint Stock Company and PIK Group Open Joint Stock Company. Most recently, Ms. Kolonchina has also served as the executive managing director of Nafta Moskva Private Equity. Previous to that, she served as the chief financial officer and the vice-president of economy and finances at PIK Group Open Joint Stock Company and as managing director at Wainbridge Ltd.
Mr. Krusi has a degree in geology from the University of California, Santa Barbara, and has over three decades of management experience in the engineering and construction industries. Mr. Krusi began his career as a project geologist with Dames & Moore where he gained significant experience and international exposure as lead project engineer and geologist in multiple countries across Latin America and Asia. Mr. Krusi later served as president of construction services when Dames & Moore was acquired by URS, where he supervised four global divisions. Following URS, Mr. Krusi was the chief executive officer of Earth Tech, a Tyco-owned entity with engineering and construction operations in 14 countries around the world (including Turkey, Asia, Europe and the western hemisphere). Most recently, Mr. Krusi was president, strategic development, at Aecom, where he participated as a member of the executive committee and oversaw the firm's M&A activities. Currently, Mr. Krusi is a board member at Blue Earth Inc. and Comfort Systems USA Inc. |
