Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
TORONTO, ONTARIO–(Marketwire – Oct. 17, 2011) – Galane Gold Ltd. (“Galane” or the “Corporation”) (TSX VENTURE:GG) is pleased to announce that Mr. Donald Cameron has been appointed Chief Financial Officer of the Corporation, subject to final approval of the TSX Venture Exchange.
Mr. Cameron is a Chartered Accountant and has in excess of 30 years of experience in capital markets and finance. Mr. Cameron is currently the Managing Director of InHouseCFO Inc., which provides CFO services to TSX Venture Exchange companies like Galane. Prior to this he served as Chief Financial Officer of RBC Royal Bank, Global Private Banking, one of the top global financial institutions, and was a Managing Partner of KPMG LLP.
Philip Condon, CEO of Galane said “We are very pleased to have Don join Galane Gold as Chief Financial Officer. He brings the knowledge and experience necessary to guide the development of the Galane Gold financial systems and personnel through its future growth.”
The Corporation also announces the grant of stock options to Mr. Cameron. Options to purchase up to 100,000 common shares were granted with a five year term and an exercise price of $0.80 per share.
