08:44:43 EDT Sat 20 Apr 2024
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Cline Mining Corp
Symbol CMK
Shares Issued 209,144,977
Close 2013-05-17 C$ 0.05
Market Cap C$ 10,457,249
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Cline Mining appoints Haywood executive chair

2013-05-21 10:24 ET - News Release

Mr. Ken Bates reports

CLINE MINING ANNOUNCES RESIGNATION OF CHAIRMAN, DIRECTOR AND THE APPOINTMENT OF NEW CHAIRMAN

Cline Mining Corp. has appointed Mark Haywood as executive chairman of the board of directors of Cline. Mr. Haywood joined the board of directors on Feb. 11, 2013. Ken Bates, chief executive officer of Cline, stated: "We are very pleased to have access to Mark's extensive expertise and experience in the mining industry. Along with his strong industry background, Mark brings a strategic focus to the company which will be instrumental in Cline moving forward to complete its financial restructuring together with Marret Asset Management Inc. and its ongoing success."

Additionally, the company announced that Bill McKnight, PC, resigned as chairman of the board of directors effective May 18, 2013. Mr. McKnight has served as a director of the company since Dec. 8, 2004, and as chairman of the board since Jan. 26, 2005. Mr. McKnight will continue to serve as a director of Cline. Additionally, Peter Elzinga has resigned from the company's board of directors. Mr. Elzinga has served as a director of Cline since June 11, 2010.

"We wish to thank and express our gratitude to the Honourable Bill McKnight and Mr. Peter Elzinga for the dedicated, valuable and important service and contributions they have each made to the company," commented Mr. Bates, chief executive officer of Cline.

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