03:45:27 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Eastmain Resources Inc
Symbol ER
Shares Issued 133,919,815
Close 2016-03-14 C$ 0.35
Market Cap C$ 46,871,935
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Eastmain appoints Hoffman as independent director

2016-03-15 09:50 ET - News Release

Dr. Donald Robinson reports

EASTMAIN APPOINTS NEW DIRECTOR MICHAEL L. HOFFMAN TO SUCCEED DR. JOHN HANSULD

Eastmain Resources Inc.'s Dr. John Hansuld, after serving for 30 years, has retired from his role as an independent director and a member of the compensation and nominating committee of Eastmain. Throughout his tenure with the company, Dr. Hansuld has provided business acumen, guidance and foresight as he chaired a number of committees, and most recently in his role as lead director.

"John's dedication as board member and his commitment to the company during his years of service have been outstanding, and we want to express our sincere appreciation to him for the leadership and direction he has provided in the development of the company," said president and chief executive officer Dr. Don Robinson. "Management and the board are grateful to John for his many contributions to Eastmain, and we look forward to his continued mentorship in his new role as adviser to the company."

The company is very pleased to announce that the board of directors has appointed Michael (Mike) L. Hoffman, PEng, to succeed Dr. Hansuld as an independent, non-executive member of the board, effective immediately.

"As a highly respected leader and team builder in the mining industry, Mr. Hoffman brings to the company over 30 years of broad experience in managing emerging producers and large, complex capital projects from initial concept to construction," stated Dr. Robinson. "From mine engineer to president and CEO of two successful mergers, we are extremely pleased to have Mike, with his vast technical and operational experiences, assist and guide us as we continue to advance and derisk Eau Claire on its path towards development."

For the past five years, Mr. Hoffman has been president and CEO of M Hoffman Consulting Ltd., a Toronto-based firm specializing in assisting mining companies with prefeasibility and feasibility studies, acquisition of development assets, and providing technical mining advice.

Prior to establishing M Hoffman Consulting, Mr. Hoffman was president, CEO and founder of Crocodile Gold, where he was responsible for formulating a strategy to purchase four million ounces of gold assets in Australia. Within the same period, Mr. Hoffman, as president and CEO of Kria Resources Inc., a Canadian base metal exploration and development company, effectively completed a merger with Trevali Mining Corp.

Throughout his career, Mr. Hoffman has been responsible for providing engineering and mine operational expertise, and has been involved in and led the construction of a number of major projects. He has executive experience with companies such as RioAlgom Ltd., Goldcorp Inc., Desert Sun Mining Corp. and Yamana Gold Inc. While at Goldcorp, he was responsible for the expansion plans of the new shaft complex from conceptual study through construction at the company's Red Lake mine and led the corporate due diligence efforts of the company's successful merger with Wheaton River Minerals.

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