posted
New CEO took AMRS from .04 to .27, now .22 - big news for Drake.
Drake Gold Resources Inc. Announces New CEO
2006-02-22 10:37 ET - News Release
CHICAGO, IL -- (MARKET WIRE) -- 02/22/06
http://at.marketwire.com/accesstrac...05&sourceType=1 Drake Gold Resources Inc. (OTC: DKGR) is pleased to announce Francis Richard Biscan Jr. as the new CEO, effective immediately. Richard Biscan was a prime choice to replace the previous CEO with a track record that has been focused on adding shareholder value. Drake Gold's vision is based on the same principles and anticipates a profitable future.
Currently Richard Biscan holds the position as President and CEO of American Stellar Energy Inc., a successful junior mining venture. He has managed the company from a shell platform and has built up shareholder value over 500% to date by adding real assets to the company. That company is a precious metal exploration and development company, which is already producing gold and silver from its recently acquired properties. Previously, Mr. Biscan has worked for over 8 years with various public companies in the areas of business consulting, structuring, mergers and acquisitions and finance. He has served as a Director for Latitude Minerals and numerous outside advisory roles. He has also served on the Board of Timothy Christian Schools.
Mr. Biscan's objective is to become a significant gold and precious metals producer by increasing American Stellar Energy's current production at La Currita and developing the San Miguel and La Millionaria projects in Mexico, and by acquiring other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world.
His recent work with American Stellar Energy has shown a devotion to creating and maintaining shareholder value with established relationships within the mining industry. The company has been bringing its current filings back into compliance and is prepared to make application to be reinstated as an OTCBB traded Company once they have been completed.
Currently, Drake Gold Resources is reviewing several projects of merit and is preparing to bring in a full team of professionals to manage the direction and resources of this new gold company.
Richard Biscan had this to say, "With the current climate of the precious metals market and quality of opportunities, we are seeking to acquire and develop precious metals assets, combined with the loyal shareholder base found in our shareholders, I firmly believe that Drake Gold can become a prominent leader in micro-cap mining sector."
Current and future shareholders are encouraged to sign up for email updates on our new website to stay up to the minute on new releases, reports, interviews, industry news and market related information. The sign up is located under the main menu at http://www.drakegold.com.
Shareholder inquires and suggestions are welcomed and should be directed to the Drake Gold Investor Relations Team at the toll free # 1-888-601-9983 or internationally at 1-503-618-0370 or via email at info*novakcapital.com.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Drake Gold Investor Relations Team 1-888-601-9983 1-503-618-0370 info*novakcapital.com __________________ FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of.
Anyone in this ?? What is your opinion ?
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posted
Keep this on radar imo. News has been delayed, but when it comes, this is going to run big. Gold has hit over $600 dollars an ounce.
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