Apogee silver gets new CEO
Neil Ringdahl replaces David Gower as head of the company from June 1 and will be responsible for helping the group make the transition from explorer to silver producer Apogee said.
Apogee Silver Ltd named a new Chief Executive Officer to help the exploration company in its transition to a silver producer by 2012.
Apogee said it appointed Neil Ringdahl in place of David Gower who will remain on the board of the company.
Ringdahl, who took over as CEO on June 1, has led a number of mining and project teams on various exploration and development projects in South America and Africa.
On May 25, South America-focussed Apogee received environmental licence from the Bolivian authorities sanctioning mining operations at its Pulacayo project.
The company expects to initiate production from the Pulacayo mine in 2012, after its planned 400-tonne-per-day pilot plant is operational.
Ringdahl will receive 800,000 stock options at an exercise price of $0.245, the company said.
Shares of the Toronto, Ontario-based company closed at 24.5 Canadian cents on Thursday on the Toronto Venture Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Sriraj Kalluvila)
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