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Midway Gold Appoints New CFO

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By Business Wirevia The Motley Fool

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Midway Gold Appoints New CFO

DENVER–(BUSINESS WIRE)– Midway Gold Corp. (MDW:TSX-V; MDW:NYSE-AMEX) (“Midway”) is pleased to announce that Mr. John Labate will be joining the Midway team as the new Chief Financial Officer. Mr. Labate will work with Mr. Fritz Schaudies, the Company’s current CFO, to ensure a seamless transition of his Chief Financial Officer duties.

Ken Brunk, the Company’s Chairman, President and CEO stated, “First, we would like to thank Fritz for his work at Midway. His advancement of the company’s financial systems has been very valuable and is extremely appreciated. While we are sad to see him go, we all wish him the very best in health and happiness. As we move forward, we are delighted to welcome John Labate to Midway. John brings a wealth of financial experience gained from his many years in the mining industry and we believe he will be a great fit for the company.”

Mr. Labate brings over 30 years of financial experience to the Midway team having been CFO of dually listed mining companies since the mid-90s. Mr. Labate is joining Midway from Behre Dolbear where he has been Managing Director in the management-consulting group. Prior to his consultancy, he was Senior Vice President and CFO of Golden Star Resources. While SVP and CFO of Golden Star, Mr. Labate established lines of credit, including revolving debt and reclamation bonding, implemented strong spending controls and analysis, and strengthened supply chain functions. Prior to his tenure with Golden Star, Mr. Labate was Vice President and CFO of Constellation Copper Corporation where he was responsible for all financial and administrative activities for the TSX-listed copper/zinc mining and development company. John holds a B.S. in Accounting from San Diego State University.

ON BEHALF OF THE BOARD

“Kenneth A. Brunk”
Kenneth A. Brunk, Chairman, President and CEO

About Midway Gold Corp.

Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments. For more information about Midway, please visit our website at www.midwaygold.com or contact Jaime Wells, Investor Relations Analyst, at (877) 475-3642 (toll-free).

Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the

From: http://www.dailyfinance.com/2013/04/17/midway-gold-appoints-new-cfo/

Business, Finance, Occupation & Industry

Stans Energy Subsidiary Named as Co-Defendant in Kyrgyz Court Action

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By Business Wirevia The Motley Fool

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Stans Energy Subsidiary Named as Co-Defendant in Kyrgyz Court Action

TORONTO–(BUSINESS WIRE)– Robert Mackay, President and CEO of Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans Energy” or the “Company”), reports that the Kyrgyz State Prosecutor’s Office has initiated legal proceedings against the Kyrgyz State Geological and Mineral Resources Agency (SGA) in the Inter-District Court of the City of Bishkek.

The State Prosecutor’s Office has put forward an application to lift the three-year statute of limitations to allow them to present to the court their claim of request to nullify the minutes of the December 21, 2009 meeting between the SGA and Open Stock Company (OSC) ‘Kutessai Mining’ which granted OSC ‘Kutessai Mining’ mining licenses for the Kutessay II and Kalesay deposits. OSC ‘Kutessai Mining’ was a 100% state-owned special purpose entity, created to hold mining licenses for the Kutessay II and Kalesay deposits. It was put for an open and previously advertised government auction on December 29, 2009. Stans Energy’s local subsidiary, Stans Energy KG, acquired OSC ‘Kutessai Mining’ on December 29, 2009 through this auction, where the sum of $855,000 USD was paid to the Government, which at the time was double the value that the Kyrgyz authorities had attributed to the property. Stans Energy KG then re-registered OSC ‘Kutessai Mining LTD’ as it’s fully owned subsidiary ‘Kutessai Mining LTD’.

‘Kutessai Mining LTD’ is named as a third party to the proceedings. Stans and its legal representation are of the position that the claim filed by the State Prosecutor’s Office is baseless, with no legal merit, and that the company’s 100% owned mining licenses for both properties were obtained lawfully, through transparent government auction, on December 29, 2009.

“We have every piece of paperwork filed since we began our business ventures in Kyrgyzstan and there is no doubt in my mind that our legal team will thwart this attempt on our licenses, just as they have successfully done in the past. Our lawyers have always been meticulous in ensuring that all of Stans Energy’s business dealings within Kyrgyzstan have adhered to the laws of the country, and this commitment will never change as we work towards bringing the Kutessay II Heavy Rare Earth mine back into production” stated Robert Mackay, President and CEO of the company.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

About Stans Energy
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Source: FULL ARTICLE at DailyFinance