Archean Star Resources Inc.
TSX VENTURE : ASP

Archean Star Resources Inc.

September 03, 2013 15:06 ET

Archean Star Resources Inc. Announces Change to Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 3, 2013) - Archean Star Resources Inc. (TSX VENTURE:ASP) (the "Company") is pleased to announce that at the annual and special shareholders meeting held on Friday, August 30th, 2013, the shareholders elected Bernie Sostak, Aidan Anthony Nania, Gregor Maximillian Theiser and Evan Jones to the Board of Directors.

Bernie Sostak is a geologist with over 20 years experience in the gold mining industry. Mr Sostak is currently the General Manager of Business Development and Technical Services for ASX listed Northern Star Resources, prior to this role he was Director of Resource and Reserve Strategy for Barrick Gold Corp. His experience includes mine geology, resource estimations, exploration, mine planning and general operations management.

Aidan Anthony Nania is an Investment Banker and Managing Director of Element Capital Partners, an investment arm of Element Commodities Group, with interests in Mining, Oil&Gas. Mr Nania was previously Head of Investment Banking in Australia for Casimir Capital L.P, a natural resources focused Investment Bank.

Gregor Maximillian Theiser is the CEO and Founder of Element Commodities Group, a physical commodities trading and investment group. Mr Theiser has previously held senior positions with Glencore in Beijing and Noble Group in Hong Kong as head for Minerals and FerroAlloys. He holds a Master's degree in Business Administration and Sinology from Vienna University of Economics.

Evan Jones is the Chief Executive Officer, President and Director of TSX-V listed companies, Altan Rio Minerals Limited and Altan Nevada Minerals Limited. Mr Jones' has had over ten years of experience in corporate advisory and commercial management in the mining industry, including six years based in developing countries has a enabled him to build business networks and negotiate opportunities. He holds a Bachelor of Information Technology (Information Systems) and a Bachelor of Commerce (Finance & Management) from Bond University in Australia.

Clay Conway and John Pegg declined to stand for reappointment to the Board of Directors and Mr. Graeme O'Neill was not elected to the Board of Directors. The Company wishes to thank the departing directors for their contribution to the Company and wish them well in their future endeavors.

The Company advises that the shareholders' meeting was adjourned for seven days in order to consider the resolution to amend the Company's Articles as referred to in the Supplement dated August 8, 2013 to the Management Information Circular dated July 19th, 2013. The time in which proxies can be deposited has been extended to the commencement of the reconvened meeting, scheduled for 3:00 p.m. on Friday, September 6th at Suite 1000, 840 Howe Street, Vancouver, British Columbia.

Archean Star Resources Inc., is a junior exploration company listed on the TSX Venture Exchange that has, through its wholly owned subsidiary, Archean Star Resources Australia Pty Ltd, earned 100% of Teck Australia Pty Ltd.'s ("Teck") approximately 88% interest, subject to a 75% back in right in such interest to Teck, in Chalice Gold Mines Limited's Gnaweeda Gold Project in Western Australia. The Company is also earning an 80% interest in AMCOR's Monitor Copper, Gold and Silver project in the Coeur D'Alene Mining District in Idaho.

This News Release has been prepared on behalf of the Archean Star Resources Inc. Board of Directors, which accepts full responsibility for its contents.

ON BEHALF OF THE BOARD

Aidan Nania - Director

Neither the TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), has reviewed, nor do they accept responsibility for, the adequacy or accuracy of this news release.

Contact Information

  • Archean Star Resources Inc.
    Aidan Nania
    Director
    (604) 684-3394
    (888) 282-7763 (FAX)
    www.archeanstar.com