ALQ Gold Corp. (TSXV:ALQ)
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VANCOUVER, June 1, 2011 /CNW/ --
VANCOUVER, June 1, 2011 /CNW/ - Alpha Gold Corp. (TSX-V: ALQ) ("Alpha
Gold" or the "Company") today announced that director Carl Pines has
been appointed the interim CEO of Alpha Gold.
Mr. Pines holds a Bachelor of Sciences from McGill University, a
Bachelor of Law from the University of British Columbia and attended
the Stanford University Graduate Management Program. His areas of
practice are Business & Corporate, Mergers & Acquisitions and
Restructuring. Currently an Associate Counsel with Owen Bird Law
Corporation, Mr. Pines has been involved in commercial law his entire
career as well as being a director of several private companies.
Structuring corporate transactions ranging from joint ventures to
public offerings, that have included a number of mineral projects
developing diamond, tungsten, gold and base metal assets, have been
central to his law practice. He has also been legal counsel to other
public companies and participated in board meetings in that capacity.
Having served as Director for twelve years and the Audit Committee
Chair means no one is more knowledgeable about Alpha Gold's history,
nor is better prepared to take charge of the Company, than Carl Pines.
"Alpha's Board of Directors recognizes the responsibility we have to
shareholders to build value in our Company," commented Carl Pines.
"Since we have yet to find a suitable chief executive candidate, it is
the decision of the Board that I formally assume the leadership role as
Interim-CEO. My focus will be on investigating acquisition
opportunities to explore other mineral projects in mine-friendly
jurisdictions, including international prospects."
Alpha is nearing completion of its full data compilation program which
began in September 2010 and includes digitizing of all available data
from historic sampling and drill programs on the Lustdust Property.
Alpha's Technical Director, Mary Webster, has determined that there are
additional potential targets on the property that warrant further
examination before pursuing another drill program.
About Alpha Gold Corporation
Alpha Gold is a mineral exploration company whose 100%-owned,
royalty-free, Lustdust Property is advantageously situated with nearby
road and rail access in north-central British Columbia. Lustdust
consists of 17 contiguous mineral claims covering 8,560 hectares and
contains twelve known mineralized areas, of which the
copper-gold-silver Canyon Creek Skarn Deposit has a NI 43-101 compliant
resource. Alpha Gold Corporation has approximately 47.2 million shares
issued and outstanding, 59.75 million fully diluted. Shares are listed
on the TSX Venture Exchange under the symbol "ALQ".
- On behalf of the Board of Directors, Carl Pines, Director, Alpha Gold
Should you wish to receive Company news via email, please contact stephanie@chfir.com and specify "Alpha Gold News" in the subject line.
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.
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors disclosed under the heading "Risk Factors" and elsewhere in the
Company's periodic filings with Canadian securities regulators. Such
information contained herein represents management's best judgement as
of the date hereof based on information currently available. The
Company does not assume the obligation to update any forward-looking
statement.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/01/c9702.html
p bCHF Investo/bbr Relations /bbr/ Cathy Hume, CEObr/ T: 416-868-1079br/ E: ua href="mailto:cathy@chfir.com"Cathy@chfir.com/a/u /p