Dynasty Gold Corp Symbol DYG Shares Issued 79,044,160 Close 2009-04-08 C$ 0.015 Recent Sedar Documents
Dynasty Gold appoints Muraro to board, Salamis resigns
2009-04-09 06:28 ET - News Release
Mr. Ivy Chong reports
DYNASTY GOLD WELCOMES THEODORE W. MURARO TO THE BOARD
Theodore W. Muraro, Msc, PEng, has agreed to join Dynasty Gold Corp.'s board of directors. The company also announces the amendment of stock options and the resignation of George Salamis from the board of directors.
"It is with great pleasure that I announce that Ted has become a part of our Board," stated Tookie Angus, chairman of the board. "Ted's experience and reputation in the industry, along with his extensive background, will be invaluable to the board and to our shareholders as we continue to evaluate potential projects."
Mr. Muraro has more than 40 years of experience in exploration in North America, Europe, Africa and Asia. During this time he spent 35 years working at Teck Cominco Ltd. (formerly Cominco Ltd.) in various positions, including chief geologist and internal consulting geologist to the exploration division. Mr. Muraro is the principal of T.W. Muraro Consulting and is currently a director of a number of other resource companies. He holds a bachelor in applied science degree in geological engineering and a master degree in geological engineering.
The company also announces that George Salamis stepped down from the board in order to pursue other options. "We would like to thank George for his contribution over the years and wish him the best in his future endeavours," said Mr. Angus.
Dynasty is actively seeking new ventures and opportunities in precious and base metals. Over the past year, the company has evaluated a number of resource projects in Canada, the United States and Mexico, but none have met the criteria of the company.
"Looking for new opportunities for our company is an ongoing effort," stated Ivy Chong, president and chief executive officer. "It is crucial that we obtain the best possible project and terms for our shareholders. In this current market, we are confident that the right opportunity will present itself, and we believe that the coming year holds a great deal of potential."
Dynasty Gold is well financed and carries no debt.
Additionally, the company announces that the exercise price for the stock option granted in December, 2008 (see news in ********** dated Dec. 2, 2008) was amended to 10 cents as per the exchange's guideline.
We seek Safe Harbor.
Remember, this play is dirt cheap, has no debt, well financed, and a 35year teck cominco geologist on the board. This was all in last weeks news release, and now news out of Germany that has not hit the NA wires yet:
Attention Business Editors:
GERMAN RESOURCE WORLD MARKET NEWS WIRE Market Alert
APRIL.14/2009 2:30am EST
Rolf Schwarz of RWM , Offenbach, Germany
RESOURCE WORLD NEWS WIRE Market Alert reports that an Canadian firm is among the bidders for a closed former east German potash mine that the German government has put up for sale. RESOURCE WORLD MARKET notes that the mine in Thuringia, was shut in 1996, after Germany's reunification, because no bids had been received. GW, the state-owned company that manages shuttered mines, decided to try to sell the mine in view of rising global prices for potash. The mine has 350 million tons of potash . GW director Hans-Joachim Hawig as saying, "We decided to put the mine up for sale again after we saw prices for the commodity soaring worldwide, making the investment in Thuringia attractive again. Hawig said that parties, including six German and one from Canada, had expressed interest in the mine. He added that a deadline to express interest expires now at the end of May and that the interested parties must submit an investment plan by the end of June. One of the Canadian bidders, according to GERMAN NEWS WIRE is DYNASTY GOLD CORP currently trades under the symbol DYG on the TSX Exchange