Press Release: PRINCETON ANNOUNCES BOARD CHANGES
VANCOUVER, Feb. 12 /CNW/ - Princeton Mining Corporation announces
the resignation of two long time directors of the Company. Winslow W.
Bennett and James C. O'Rourke resigned from the Board of Directors on
December 31, 1997 and January 31, 1998 respectively, both for personal
reasons.
Mr. Bennett had been a director of the Company since 1988. His
extensive board experience and background in mining enabled him to
make a valuable contribution to the organization over the years.
Mr. O'Rourke resigned from his position as a Director and Chairman
of the Board at the end of January. He had previously been President
and Chief Executive Officer of the Company until his retirement last
February when William H. Myckatyn took over the position. Mr. O'Rourke
is a mining engineer with 33 years experience in the mining industry.
His contribution to the Company and, in particular, to the Huckleberry
project has been considerable.
The substantial contribution of both of these founding directors
to Princeton has been very much appreciated. Robert A. Watts, also a
long time board member, has been appointed interim Chairman of the
Board. It is anticipated that the Board will be reconstituted in April
with the completion of an arrangement between Princeton and Imperial
Metals Corporation that will combine the two companies, a transaction
announced earlier today.
For further information: Susanne Gallant, Investor Relations Officer,
Princeton Mining Corporation, Suite 2000-1055 West Hastings Street,
Vancouver, B.C., V6E 3V3, Tel: (604) 688-2511, Fax: (604) 688-4772,
Internet Address: www.princetonmining.com
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