|By Marketwired .||
|June 11, 2014 07:00 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/11/14 -- Global Minerals Ltd. ( TSX VENTURE: CTG)(OTCBB: GMLFF) is pleased to announce that Mr. Tim McCutcheon has been appointed as CEO and Director of the Company, effective immediately. William Pincus, former CEO and President, has resigned his posts and has become Executive Chairman of the Company.
Mr. McCutcheon is a mining and finance professional with over 18 years in international business experience, primarily in the precious metals sector in Eastern Europe and Africa. He served as CEO of Ovoca Gold PLC, an AIM listed company with gold-silver assets in Russia, as well as CEO of Abzu Gold Ltd, a TSX-V listed company with gold assets in Ghana under a Joint Venture with Kinross Gold. Mr. McCutcheon worked in multiple financial institutions such as Bear Stearns, Aton Capital and Pioneer Investments as an award-winning metals and mining sector analyst and as an investment banker. He also was a founder/partner of DBM Capital Partners Ltd, a leading boutique precious metals finance institution which managed Sayan Investments Ltd, a precious metals fund, and advised multiple international and domestic precious metals companies active in Eastern Europe's mining sector. Mr. McCutcheon has a BA and MBA from Columbia University, New York, USA.
Bill Pincus, Global's new Chairman said, "We're very lucky to have Tim join our Company. He brings new energy to our management team and the right combination of skills and experience to build our company. It's a particularly fortuitous time to join with the receipt of operating permits and the new discovery of significant mineralization above Level 6 (NR May 15, 2014). I look forward to working with Tim and supporting him as he leads the Company."
Tim McCutcheon commented: "Global Minerals is a great opportunity and I am extremely excited about leading the Company forward. Strieborna is a strong asset with a high grade silver-copper resource and valuable existing infrastructure. Given the advanced stage of the project and the upcoming PEA, I look forward to using these strengths to develop Strieborna as soon as possible to put Global Minerals on a solid foundation for future growth."
Strieborna is a high-grade silver-copper-antimony vein deposit in an historic mining district near the town of Roznava in eastern Slovakia. It has excellent expansion potential over and above the already well-defined resource. Significant infrastructure at site includes a working shaft and hoisting system, extensive underground access through a series of drifts, crosscuts and tunnels and associated surface facilities.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.