Dutch Gold Resources, Inc. (OTCQB: DGRI) is pleased to announce that it has begun the search process to recruit seasoned executives with precious metals mining experience to the Board of Directors. The Company also announced that it has accepted the resignation Of Steve Keaveney from the Board of Directors, effective immediately.
"The Company is grateful for the contributions that Mr. Keaveney has made, both as a Director, and previously as Chief Financial Officer," said Dan Hollis, CEO. During his tenure, Mr. Keaveney was instrumental in bringing the Company back into compliance with its Securities and Exchange Commission regulatory filings.
"With the recent developments of the Company's project in Nicaragua, and its keystone project in Montana, the Board and I believe that we have reached a tipping point where additional industry experience and international experience are needed to optimize the value of our assets," added Mr. Hollis. Further Mr. Hollis commented, "The Company reached a crossroads. Many of our old issues are behind us. We want to attract new directors to our Board who have the experience of bringing projects like ours to fruition."
The Company has formed a search committee, consisting of the lead director of a large NASDAQ listed company, the former chairman of a boutique Toronto broker-dealer focused in the mining sector and Mr. Perttu and Mr. Hollis. The Company expects to fill both the vacancy left by Mr. Keaveney's resignation and another open seat on the Board with outside directors by year-end.
The Company expects to file an 8K as is required today.
About Dutch Gold Resources
Dutch Gold Resources, Inc. is engaged in the acquisition and development of gold properties in North America. The company's strategy is to focus on overlooked resources that have the potential to have a value creation event within 24 months of acquisition. The Company criteria call for a property to reach either near term production, or be a candidate for development through joint venture financing during the two years subsequent to acquisition. The Basin Gulch project Montana, the Jungo property in Nevada, and the Gold Bug Mine in Oregon comprise the Company's current portfolio, along with its previously announced joint venture in Nicaragua. The DGRI management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance. For further information, please see www.DutchGold.com.