Ms. Penny Gould reports
MINDORO ANNOUNCES CHANGES TO BOARD OF DIRECTORS
Mindoro Resources Ltd. has appointed Geocel D. Olanday to the board of directors. To accommodate Mr. Olanday's appointment, Penny Gould, chief executive officer of the company, has resigned as a director.
Mr. Olanday has an extensive business and financial background in the Philippines. As CEO of Amaris Global, he provides financial and business development advisory services to ventures in the real estate, mining and health care industries, among others. Mr. Olanday also serves as the chief operating officer of the Philippines' Habitat for Humanity's Housing Project Development Group and is a part-time member of the faculty of the College of St. Benilde.
Mr. Olanday's previous engagements have included project consultant for Argosy Partners Inc., a financial advisory firm active throughout Asia; president of Citibank Securities (a member of the Philippine Stock Exchange); and president and COO of various companies within the M.B. Villar group of companies. Mr. Olanday received his MBA and BSBA from the University of the Philippines. He is a certified public accountant and a fellow of the Institute of Corporate Directors.
Commenting on Mr. Olanday's appointment, Ms. Gould stated: "We are very fortunate to have attracted such a distinguished candidate for our board. Mr. Olanday's extensive financial and business development experience in the Philippines will serve the company well as we seek to grow our operations in the Philippines and build value for our shareholders."
We seek Safe Harbor.
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